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‘US, Canada in weekend dash for Nafta agreement’

Bloomberg The Trump administration and Canada are making a renewed push to keep Nafta a trilateral accord, prompting the US and Mexico to postpone publishing a text of their two-way trade deal Friday, Mexican Economy Minister Ildefonso Guajardo said. Mexico earlier in the day said it was planning to release a more complete draft of its preliminary trade agreement with ...

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Return of US flu season brings worries about ‘replay’

Bloomberg US health officials are trying to increase the rate of flu vaccinations this year after a severe outbreak last season killed a record number of children and led to spot shortages of antiviral medications like Tamiflu. In a panel hosted by the National Foundation for Infectious Diseases and the Centers for Disease Control and Prevention in Washington, US Surgeon ...

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KKR, Blackstone considers $3bn Shriram deal in India

Bloomberg KKR & Co. and Blackstone Group LP are among suitors that have expressed interest in acquiring a stake in Shriram Group, the Indian finance conglomerate backed by billionaire Ajay Piramal, people with knowledge of the matter said. The two private equity firms have each held preliminary talks in recent months about buying stakes in Chennai-based Shriram Group owned by ...

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Tencent’s terrible quarter spells more pain for emerging funds

Bloomberg Tencent Holdings Ltd. is turning into a serious drag for emerging-market investors. The stock has tumbled 18 percent since June, its worst performance relative to an index of global technology companies since it started trading in 2004. The biggest stock in Asia — and one which 48 analysts recommend buying — extended its decline even as the MSCI World ...

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Al Gergawi shares UAE vision for digital future with UN panel

NEW YORK / WAM Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future, participated in the first meeting of the High-Level Panel on Digital Cooperation, convened by UN Secretary-General Antonio Guterres in the margins of the UN General Assembly in New York on September 24-25. “The issues this panel is working on affect practically every aspect of ...

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Abu Dhabi fund allocates AED3.2bn for farm sector

Abu Dhabi / WAM In a bid to achieve food security in developing countries and eradicate global poverty, Abu Dhabi Fund for Development (ADFD), has allocated nearly AED3.2 billion towards development projects in the agricultural and irrigation sectors. Representing seven percent of the total financial assistance contributed by the fund in supporting developing countries to date, this assistance has allowed ...

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Khalifa Fund showcases successful SMEs at ‘Adihex’

Abu Dhabi / WAM The Khalifa Fund pavilion at the International Hunting and Equestrian Exhibition – Abu Dhabi 2018, has received an overwhelming response, evident in its high visitor and participant turnout. The fund’s participation at the event is in line with its strategy to promote entrepreneurship, support SMEs, foster national heritage and motivate Emirati entrepreneurs to create innovative enterprises ...

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Investment strategy for UAE’s space sector to be announced in October

Abu Dhabi / WAM The UAE Space Agency has revealed that it is preparing a comprehensive strategy for investing in the UAE’s space sector, in cooperation with relevant authorities, which will be announced in October. Dr. Mohammed Nasser Al Ahbabi, Director-General of the UAE Space Agency, said that the strategy will help reinforce the contributions of the space sector to ...

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Threat of new cold war looms large in Balkan vote to end row

Bloomberg Arguments over Brexit, the rise of nationalism and how to deal with Russia are consuming Europe, but there’s one dispute that’s been edging towards a resolution — and it’s in a region where there’s much at stake for the world order. The Republic of Macedonia will hold a referendum on September 30 on changing the former Yugoslav state’s name ...

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World’s largest digital ID plan gets top India court backing

Bloomberg India’s top court has refused to scrap the world’s largest biometric database, upholding the validity of the sprawling digital-identity program but imposing restrictions on its use — including preventing the government from sharing citizens’ data with private companies. Four out of five Supreme Court judges said the program is constitutionally sound for the distribution of state-sponsored welfare subsidies in ...

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