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Bloomberg Taiwan’s export-dependent economy decelerated after hitting its stride at the end of last year, when it posted the fastest growth in almost three years. The expansion slowed to 3.02 percent in the first quarter, according to revised data by the statistics bureau in Taipei, in line with a preliminary reading of 3.04 percent and the 3 percent estimate in ...

Bloomberg Nobody asked for it, few seem to want it and yet the Trump administration is considering imposing tariffs on imported cars and trucks, threatening not just a shake-up of the global auto industry but political discord even among the president’s allies. President Donald Trump’s order to investigate auto imports for potential trade penalties on national security grounds came as ...

Bloomberg General Electric Co.’s long-suffering investors are losing what little patience they had left. The shares plunged the most since 2009 as Chief Executive Officer John Flannery’s high-profile appeal to Wall Street indicated there is no “quick fix” to the problems bedeviling the company, from weak cash flow to slow demand for gas turbines. Worse still, he offered scant reassurance ...

Bloomberg The UK should reduce its reliance on huge cables that carry electricity to and from Europe to ensure that the lights stay on. The government is overlooking the risks of relying on supplies that may not materialise, according to a report by Oxford, England-based Aurora Energy Research Ltd. Electricity on interconnector cables flows to where prices are more expensive, ...

Bloomberg The leaders of North and South Korea met for two hours Saturday to discuss the canceled summit with Donald Trump, less than a day after the US leader signaled the meeting may be back on citing “very productive” talks between the two countries. South Korea’s Moon Jae-in and North Korean leader Kim Jong-un, in a surprise move, spent two ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a large number of Sheikhs, top government officials and citizens on the occasion of the advent of the Holy Month of Ramadan. HH Sheikh Mohamed reciprocated greetings with the well-wishers who prayed to ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, reaffirmed the UAE full solidarity and support for Morocco in confronting all threats to its security, safety and stability. His Highness Abdullah made the remarks while chairing the fifth session of the joint UAE – Morocco Committee in the presence of ...

DUBAI / WAM The Board of Directors of the Sheikh Zayed Housing Programme has approved at its meeting in Dubai on Wednesday chaired by Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, the names of 300 citizens who are eligible for residential support, valued ...

Ras Al Khaimah / Emirates Business With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale. Launched ...

Bloomberg ZTE Corp. is estimating losses of at least $3.1 billion from a US technology ban that’s halted major operations as clients pull out of deals and expenses mount, people familiar with the matter said. The telecoms gear and smartphone maker however is hopeful of striking a deal soon and already has a plan in place — dubbed “T0” — ...