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Bloomberg US restrictions on China’s telecom giant Huawei threatens to snuff out a nascent recovery in semiconductor demand, a key driver of economic growth in technology powerhouses including South Korea and Taiwan. China dominates purchases from Asian semiconductor exporters and bought 51 percent of their exports in 2017, according to analysis by Citigroup Inc economists Jin-Wook Kim and Johanna Chua. ...

Bloomberg Oil companies, automakers and consumer products manufacturers will unleash a campaign for a US tax on carbon dioxide emissions even though it may lead to higher prices for their products. Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each to the Americans for Carbon Dividends advocacy campaign, underwriting its efforts to persuade Congress to ...

Bloomberg T-Mobile US Inc. suffered a significant setback in its bid for regulatory approval of its takeover of Sprint Corp. after failing to win over the US Justice Department with a remedy package, putting pressure on the companies to offer more concessions. The wireless carriers could try to sell additional assets to resolve the department’s concerns that the deal would ...

Bloomberg Tesla Inc.’s stock rout following this month’s $2.4 billion capital raise intensified after a once-bullish analyst called the range of issues facing the electric-car maker a “code red situation.” The shares have dropped in nine of the last 10 trading days, a stretch that started the day Tesla closed offerings of new stock and convertible bonds to shore up ...

Bloomberg Indonesian President Joko Widodo won last month’s bitterly contested election by a double-digit margin, official results showed on Tuesday, an outcome rejected by his rival who threatened a legal challenge amid threats of street protests by his supporters. Widodo, known as Jokowi, won 55.5 percent of the national vote, compared to his challenger Prabowo Subianto’s 44.5 percent, the General ...

ABU DHABI / WAM Emirates Global Aluminium (EGA), on Monday announced the start-up of a new AED15 million pre-treatment and crusher facility for spent pot lining in a step forward for the recycling of industrial waste. Spent pot lining (SPL), the used inner lining of reduction cells in which aluminium is smelted, is one of the most significant waste streams ...

Sharjah / WAM The Sharjah Department of Statistics and Community Development (DSCD), rolled out the implementation phase of its latest economic survey project, which will encompass all administrative communities and free zones in the emirate. The project was launched in January this year. More than 5,800 organisations from all areas and cities of Sharjah including 860 major companies have been ...

Dubai / WAM Dubai Cares has committed to contributing $800,000 over four years to expand the reach of the International Publishers Association’s (IPA), programmes in Africa, as well as to cooperate on new initiatives with regard to sustainable development, education, and publishing. Kenya and Morocco have been identified as initial focus countries, with other beneficiary countries to be announced at ...

Abu Dhabi / Emirates Business Following the success of the inaugural edition of the Abu Dhabi International Boat Show (ADIBS) in 2018, organisers Abu Dhabi National Exhibitions Company (Adnec) on Monday announced that UAE-based boat manufacturer Al Suwaidi Marine (ASM), will support the event’s upcoming October 2019 edition as returning Official Gold Sponsor. At ADIBS 2018, which attracted more than ...

Bloomberg The impact of the Trump administration’s threats to choke Huawei Technologies Co reverberated across the global supply chain on Monday, hitting some of the biggest component-makers. Germany’s Infineon Technologies AG fell in early trading after the Nikkei reported it halted shipments to the Chinese company in the wake of the US ban. Shares of STMicroelectronics NV were also hit. ...