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Bloomberg President Donald Trump threatened a 20 percent tariff on cars imported from the European Union unless the bloc removes import duties and other barriers to US goods, escalating a global trade war the EU warned could endanger $300 billion in commerce. “Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers ...

Bloomberg Verizon Communications Inc. and AT&T Inc. will rein in third-party selling of their phone-location data after a prison contractor let law-enforcement officers track wireless customers without authorisation. The two largest US wireless carrier announced the move in response to a plea from Senator Ron Wyden, a Democrat from Oregon. The legislator had demanded last month that carriers and the ...

Bloomberg Canada’s economy is stuck in a soft patch, but analysts remain optimistic a rebound and further interest-rate hikes are still in the cards. Data over last month reveal an economy struggling to find its footing and hobbled by headwinds ranging from trade frictions with the US to a slowing housing market and poor weat-her. Still, economists remain convinced that ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the Emirates Red Crescent (ERC) signed a Memorandum of Understanding (MoU) to manage the AED67million ($18.3 million) UAE government grant aimed to support the healthcare sector in Hadhramaut Governorate in Yemen. The grant aims to support three healthcare projects in Yemen’s ...

Abu Dhabi / Emirates Business Adnoc Distribution announced the launch of its first Vehicle Inspection Centre at an Adnoc Autoserv complex. The new facility, situated at Adnoc Distribution’s Sea Palace Autoserv location in Abu Dhabi, will be managed by Al Masaood’s Tyre, Batteries and Accessories Division and will offer customers comprehensive maintenance, vehicle testing and inspection services. The 1,350 square-meter ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that sending the first Emirati astronaut to space will herald the beginning of a new era for the UAE and represents another step towards achieving the country’s vision and aspirations in the space sector. His Highness’s comment came ...

Abu Dhabi / WAM An independent national poll on nuclear energy showed that the UAE public strongly supports the use of peaceful nuclear energy, with 82 percent of residents in favour of using nuclear energy for generating electricity and 91 percent stating that peaceful nuclear energy is important for the nation. Global figures from similar polls conducted in other countries ...

Bloomberg Kim Jong-un doesn’t appear to be in a rush to dump his nuclear weapons. In talks with Chinese President Xi Jinping this week, the North Korean leader reiterated his call for a gradual process to carry out the results of last week’s summit with US President Donald Trump. Chinese state media cited Kim as saying that denuclearisation would open ...

Bloomberg Donald Trump’s threat to impose tariffs on another $200 billion of Chinese imports could cut as much as half a percentage point from the nation’s economic growth, according to economists. The warning comes amid signs that the world’s second biggest economy—and biggest contributor to global growth— is already slowing down as a simmering trade dispute with the US risks ...

Bloomberg Telstra Corp. plans to cut 8,000 jobs, sell assets and potentially spin off a new infrastructure business in a make-or-break attempt to fend off competition. The stock tumbled. Australia’s former phone monopoly, which has lost more than half its market value since early 2015, said it will almost double its cost-cutting programme. An asset carve-off will raise as much ...