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Bloomberg China’s efforts to revive Silk Road trading routes are proving to be a boon for a slightly less ancient mode of transportation: freight trains. The value of cargo sent between between China and Europe by rail surged more than 140 percent in the first six months of 2017, according to a new report from the Center for Strategic and ...

Bloomberg The world’s biggest labour market will soon get its first regularly updated monthly jobless rate similar to closely-watched gauges in other major economies like the US and Europe. Monthly updates of China’s survey-based urban unemployment rate will be released from April, the country’s National Bureau of Statistics said. Until now, the only regular official unemployment rate has been a ...

Bloomberg CVS Health Corp. completed the third-largest corporate bond sale on record to fund its acquisition of Aetna Inc., testing the appetite of a market that’s off to its worst annual start in decades. The pharmacy giant issued $40 billion of investment-grade debt in a nine-part offering, people with knowledge of the matter said. That’s surpassed only by Verizon Communication ...

Bloomberg BlackBerry Ltd., seeking ways to stem revenue declines, is dusting off its old patents and asking other companies to pay up for using technology BlackBerry claims it invented years ago. The latest skirmish broke out, when BlackBerry sued Facebook Inc in federal court in Los Angeles, claiming the social media giant has built swaths of its empire on messaging ...

Bloomberg President Donald Trump’s threat that he could tax cars imported from Europe was premised on the idea that German automakers pour Benzes and Bimmers into the US while making it “impossible” for American cars to sell there. General Motors Co., America’s largest carmaker, largely bailed from Europe last year for reasons that had less to do with protectionism than ...

Bloomberg South Korean President Moon Jae-in tried to tamp down expectations for his planned summit with Kim Jong Un, as he prepared to send envoys to Washington to discuss their meeting with the North Korean leader. “This is just a start, and we can’t be optimistic just yet,” Moon told leaders of five South Korean political parties in Seoul on ...

Abu Dhabi / Emirates Business His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, on Tuesday inaugurated the 8th edition of the International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2018), held under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive ...

DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chief Executive of Emirates Group, Chairman of the Dubai Supreme Fiscal Committee and Chairman of the Dubai Supreme Council of Energy, on Tuesday officially inaugurated the industry-shaping Middle East Electricity (MEE, 2018). Hosted by the UAE Ministry of Energy, and under the patronage ...

AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, inaugurated the 5th Ajman International Environment Conference (AIEC, 2018), themed ‘Climate Change and Sustainability’. Organised by the Department of Municipality and Planning, the two-day conference is being held under the patronage of HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman ...

Abu Dhabi / WAM The National Media Council (NMC), unveiled a set of regulations for electronic media, which govern all online activities, including e-commerce; publishing and selling of print, video, and audio material; as well as advertising. The new guidelines apply to news websites, electronic publishing outlets, and on-demand printing, including commercial activities conducted through social media within the UAE. ...