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Bloomberg US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s “cautiously optimistic” of reaching an agreement with China that bridges their differences over trade. “A trip is under consideration,” Mnuchin told reporters in Washington at the IMF’s spring ...

Bloomberg When China released its key economic indicators, the statistics agency was quick to highlight how the country’s domestic consumption had propelled growth in the first quarter, offsetting external risks as trade tensions escalate. Yet for the country’s publicly listed companies, foreign business has never been so important. The percentage of sales that mainland-listed companies get outside their home country ...

Bloomberg A top European Union official reiterated the bloc’s demand for a permanent exemption from the US’s steel and aluminum tariffs, as a temporary reprieve is set to expire on May 1 and fears mount that escalating trade tensions could threaten the global economy. European Commission Vice President Valdis Dombrovskis said the EU is in close contact with US authorities ...

Bloomberg Netflix Inc. used to worry it would alienate customers by raising prices for its streaming service. Not anymore. The company posted its strongest first quarter since going public 16 years ago, despite raising prices for most of its customers over the past several months. Los Gatos, California-based Netflix added 7.41 million users in the period, accord-ing to a statement, ...

Bloomberg The acrimonious fight over the future of Xerox Corp looks set to worsen after two of its largest shareholders, activist investor Carl Icahn and Darwin Deason, released a report alleging widespread corporate governance failures in the way the company negotiated its $6.1 billion sale to Fujifilm Holdings Corp. In a letter to Xerox shareholders, Icahn and Deason accused Xerox’s ...

Dubai / Emirates Business Travel trade professionals from across the world’s hospitality industry will descend upon Dubai on Sunday for the opening of Arabian Travel Market (ATM) 2018, the region’s leading travel industry showcase. Celebrating its 25th year, ATM 2018, which takes place at Dubai World Trade Centre (DWTC), will showcase the largest exhibition of regional and global hotel brands ...

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, attended part of the final round of the Abu Dhabi World Professional Jiu-Jitsu Championship 2018, which drew local and international players from different parts of the world at Mubadala Arena, Zayed Sports City, here ...

Dubai / WAM HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of Dubai Women Establishment (DWE) and wife of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has announced the second edition of The Innovative Leaders Programme in collaboration with the prestigious Ashridge-Hult International Business School. The programme, which is being ...

Dubai / WAM Dubai Land Department (DLD) has announced a number of new initiatives aimed to support the emirate’s economic diversification strategy by establishing Dubai’s real estate sector as the world’s leading property destination. The initiatives will see DLD developing a new mortgage and finance law in order to stimulate investment and streamline financial mechanisms in the real estate market. ...

Bloomberg The US and China look to be preparing for a protracted confrontation over trade and investment as they each try to line up allies for their cause. The struggle for support is being waged worldwide, with its locus shifting this week to Washington and the semi-annual meetings of the International Monetary Fund (IMF). Behind the battle: an effort by ...