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Bloomberg US-North Korea talks hit their first major stumbling block since last month’s landmark summit between President Donald Trump and Kim Jong-un, with Pyongyang dismissing American demands after two days of negotiations as “cancerous” and “gangster-like.” North Korea’s criticism of the talks in Pyongyang fuelled further doubts about whether Trump will ever achieve his goal of “compete denuclearisation,” much less ...

Bloomberg Trump or no Trump, the European Union (EU) is set to spur businesses to do more to meet the Paris climate accord goals. Taking a long view and encouraging companies to front-load actions to cap future costs will be among the thrusts of the climate push for the bloc’s executive suites. In its longer-term strategy to be presented in ...

Bloomberg It’s not just Theresa May who’s worried about being toppled. Pound investors say the threat of Conservative party turmoil is one more reason to avoid the UK currency. Amid reports that the British Prime Minister faces ministerial resignations if she fails to achieve a solution to a Brexit deadlock, strategists warn sterling could fall as low as $1.25 if ...

Bloomberg The US agency that administers Obamacare is freezing payments to insurers that cover sicker patients, saying a federal court ruling ties its hands. The move brought a sharp response from health insurers warning of market disruptions and higher costs. The Centers for Medicare & Medicaid Services said that the February action by the trial court in New Mexico “prevents ...

KAZAN / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has led a UAE delegation to the eighth session of the UAE-Russian Federation Joint Committee held in Kazan. The Russian delegation was headed by Denis Manturov, Minister of Industry and Trade of the Russian Federation. During the meeting, Sheikh Abdullah bin Zayed, ...

SHARJAH / WAM Sharjah Media City, Shams, has hosted a workshop on Sound Recording from July 1-4, conducted by Barry Kassab, workshop instructor and one of the few listed guitar luthiers in Dubai. The workshop aimed at helping young talents develop their sound recording skills. Sound recording is one of the key segments in the media and production industry, therefore, ...

Abu Dhabi / WAM The UAE Cabinet has adopted a decision to establish the UAE Government Communication Office, aims to ensure the highest standards of transparency and accuracy of government information in line with best practices in the field of government communication. The office falls under the General Secretariat of the Cabinet at the Ministry of Cabinet Affairs and the ...

Geneva / WAM Obaid Salem Al Zaabi, the UAE permanent representative to the UN and other international organisations in Geneva, delivered a speech on behalf of the Arab Group at the 38th session of the United Nations Human Rights Council (UNHRC). The UAE currently chairs the “Council of the Heads of Arab Missions” in Geneva, under item 10 of the ...

Bloomberg Reliance Industries Ltd., India’s second-largest company by market value, has been on a shopping spree this past year, with a focus on expanding the draw of its consumer offerings. Helmed by India’s richest man Mukesh Ambani, the company has struck at least 12 deals over 12 months with an estimated tab of about 289 billion rupees ($4.2 billion), according ...

Bloomberg Another day. Another IPO. Another Chinese billionaire magically appears. Mu Rongjun, the co-founder of food-delivery behemoth Meituan Dianping, is poised to be the latest to join the club as the company announced plans to go public last month. Of the 27 billionaires to surface in Asia this year, about a third did so through initial public offerings in Hong ...