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New Nafta deal: Trump opens door to metal tariff accord

Bloomberg With a Nafta deal on the table — and a bullet dodged for the auto sector — the clock is ticking for the next key trade talks for Canada’s steel and aluminum industries. After a marathon weekend of discussions, negotiators secured a deal to replace the 24-year-old Nafta agreement just before the deadline. However, the steel and aluminum tariffs ...

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UK sees post-Brexit immigration system tied to trade pacts

Bloomberg The UK government envisages a post-Brexit immigration system that treats all nations equally, but gives ministers the flexibility to tailor rules for countries striking trade deals. High-skilled workers will be prioritised and low-skilled immigration curbed under new rules announced by Prime Minister Theresa May on Tuesday, a day before her leader’s speech at the Conservative Party annual conference. May ...

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BMW’s new 3-Series sedan comes with tech array to battle Mercedes

Bloomberg BMW AG has packed its revamped 3-Series sedan with tech gadgetry like smartphone entry, auto-reverse and an in-car assistant that learns drivers’ routines, aimed at delivering a crucial sales bump after growth slowed. The best-selling model, unveiled at the Paris car show and available in March, demonstrates how manufacturers have moved away from luring customers with luxurious trimmings and ...

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Sheikh Mohammed attends Dubai Majlis dialogue session

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the second dialogue session of the Dubai Majlis on Monday. The session, held at Dubai Opera, saw the attendance of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of ...

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Dubai Investments to highlight ‘portfolio’ at Cityscape Global

Dubai / WAM Dubai Investments has announced that it will be showcasing its real estate projects portfolio at Cityscape Global 2018, that is set to take place at the Dubai World Trade Centre from October 2-4. Dubai Investments will showcase Mirdif Hills, a mixed-use, residential, commercial, and retail development by DIRC and the only freehold development currently in Mirdif. The ...

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Shurooq launches Khorfakkan Beach development project

SHARJAH / WAM The Sharjah Investment and Development Authority (Shurooq) announced the launch of the development and redesigning project of Khorfakkan Beach. The project aligns with Shurooq’s strategy to integrate tourism and family destinations across the Emirate of Sharjah. The project includes the establishment of service facilities and world-class hospitality amenities to host recreational activities. This adds to the tourism ...

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Apicorp key sponsor for 24th World Energy Congress

ABU DHABI / WAM To build upon its commitment to bring together thought leaders from organisations across the world, the Organising Committee of the 24th World Energy Congress announced on Monday that the Arab Petroleum Investments Corporation (Apicorp) will actively support the 2019 Congress by becoming a Gold Sponsor. To further its ambition of becoming the trusted financial partner to ...

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Battle over the name Macedonia rages after weak vote turnout

Bloomberg The Republic of Macedonia’s leader threatened to call snap elections next month if he fails to win support to change his country’s name after voters backed him in a referendum clouded by low turnout. The conflicted outcome of plebiscite sets the stage for a bruising battle ahead for Prime Minister Zoran Zaev, who’s pushing to settle a 27-year-old row ...

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‘Nissan’ drives another nail in Detroit sedan coffin

Bloomberg When Nissan Motor Co.’s redesigned Altima flagship goes on sale this week, it will pound another nail in the coffin of sedans built by companies based in and around Detroit — the city that invented the whole idea of family cars. Fiat Chrysler Automobiles NV stopped building sedans in the US two years ago. Ford Motor Co. plans to ...

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China prepares unprecedented online tourism regulation

Bloomberg China has drafted sweeping regulations targeting online travel agencies and platforms based in the country after a deadly boating accident involving Chinese tourists in Thailand fueled claims of lax oversight, according to a person familiar with the matter. The regulation by China’s Ministry of Culture and Tourism would mandate that online travel providers improve rescue and emergency plans, better ...

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