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Bloomberg President Donald Trump threatened to impose tariffs on every single Chinese import into America as the world’s two largest economies exchanged the first blows in a trade war that isn’t set to end anytime soon. After months of rhetoric, a 25% levy on $34 billion of Chinese goods entering the US took effect just after midnight Washington time with ...

Bloomberg Facebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft Corp. co-founder Bill Gates, eclipsed Buffett as Facebook shares climbed 2.4%, according to the Bloomberg Billionaires Index. It’s the first time that the three ...

Bloomberg US hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding. Nonfarm payrolls climbed 213,000 after an upwardly revised 244,000 advance, Labor Department figures showed. The median estimate of analysts surveyed by Bloomberg called for a gain of 195,000 jobs. Average hourly earnings ...

Bloomberg US Secretary of State Mike Pompeo left Pyongyang without immediately announcing any breakthroughs in efforts to implement North Korean leader Kim Jong-un’s agreement with President Donald Trump. Pompeo held two days of meetings with senior North Korean officials led by top Kim aide, Kim Yong Chol, on concerns ranging from the regime’s nuclear arsenal to US security guarantees. It ...

CAIRO / WAM The Arab League has honoured Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum with the ‘Arab League Shield for Leadership in Arab Development’ in recognition of his contributions to the development of the Arab world, and his innovative vision for empowering Arab communities, spreading knowledge, ...

Astana / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Nursultan Nazarbayev, President of Kazakhstan, discussed the friendship and cooperation between the UAE and Kazakhstan and the means of developing them in various areas, as well as several regional and international issues of mutual ...

Abu Dhabi / WAM startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has partnered with Khalifa Fund for Enterprise Development for the first time to present an updated version of Ibtikari (My Innovation). The fourth edition of Ibtikari will be an intensive six-month incubator aimed at helping UAE nationals advance their technology startups. Scheduled to take place ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, visited the city of Al Mirfa to inspect several current and future development and infrastructure projects. Sheikh Hamdan visited several residential, commercial, industrial and investment areas that were recently surveyed, with the aim of developing them as residential and commercial properties for ...

Dubai / WAM Dubai is among the 50 international destinations selected to play host to the 2018 edition of ‘Falling Walls Lab’, a global innovation challenge that aims to identify ground-breaking ideas and nurture high potential talent. The competition, which will take place at the Canadian University Dubai (CUD), on September 30, was launched at the Dubai Technology and Entrepreneur ...

Bloomberg Polish PM Mateusz Morawiecki faced off against European Union lawmakers over a domestic judicial overhaul that has put a political and legal EU pinch on Poland, which also risks suffering a financial hit as a result of the dispute. In an appearance at the European Parliament, Morawiecki gave an unabashed defense of Polish legislation that forced two-fifths of Supreme ...