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Bloomberg North Korean leader Kim Jong Un invited South Korean President Moon Jae-in to meet in Pyongyang, a dramatic gesture that may raise prospects for easing tensions on the Korean Peninsula. The invitation was verbally delivered by Kim’s sister, Kim Yo Jong, during a Saturday meeting at Moon’s presidential compound in Seoul a day after the opening ceremony for the ...

Bloomberg Itoham Foods Inc. the biggest exporter of Japan’s premium Wagyu beef, expects shipments to climb to a record as demand from Taiwan is set to triple and exports to Brazil may begin. The unit of Itoham Yonekyu Holdings Inc. predicts exports may increase to 2.9 billion yen ($26.6 million) in the year starting April 1 from 2.5 billion yen, ...

Bloomberg The diamond industry has a size problem. Instead of splashing out on a ring or necklace featuring one big, bright diamond, shoppers are increasingly choosing pieces with several, smaller gems, which are often lower quality. And selling jewelry with smaller stones has been a good way for retailers to save money. As a result, the diamond content in jewelry ...

Bloomberg Brexit negotiations broke up in acrimony when the European Union’s chief negotiator raised the prospect of the UK crashing out of the bloc next year into a legal limbo. Michel Barnier’s comments provoked an angry reaction in London, and the pound fell. Barnier said he was waiting to hear what the UK wanted to achieve from the talks and ...

Bloomberg UK factory production extended its record run in December, capping the strongest year since 2014. Manufacturing rose 0.3 percent from November, the Office for National Statistics said. Overall industrial output slumped a larger-than-forecast 1.3 percent after the closure of a key North Sea pipeline led to a steep drop in oil output. Separate figures show construction output rose 1.6 ...

Bloomberg Uber Technologies Inc. agreed to give Waymo about $245 million in closely held stock to cut short a trade-secret theft trial, ending a high-stakes conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company. The deal will give the Alphabet Inc. driverless-car unit 0.34 percent of Uber equity, Waymo said. ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Abdel Fattah el-Sisi of Egypt, discussed during their meeting in Abu Dhabi, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended some of the competitions of the first stage of the 5th Dubai International Cycling Tour, organised by Dubai Sports Council until February 10. His Highness Sheikh Mohammed watched the race as the cyclists passed through the Al Marmoum ...

Abu Dhabi / WAM The Abu Dhabi Farmers’ Services Centre (ADFSC), concluded a cooperation agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC), which provides financial services to the UAE and Japanese companies operating in the UAE. The agreement was signed on the sidelines of the 2018 Global Forum for Innovations in Agriculture (GFIA). The agreement was signed by the ADFSC ...

ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (ADNOC) signed, on Tuesday, a 15-years gas sales agreement with the Dubai Supply Authority (DUSUP) for the supply of natural gas, to help meet Dubai’s energy needs. The agreement was signed, at ADNOC’s headquarters, by HH Sheikh Ahmed bin Saeed Al Maktoum, Director General of DUSUP and Dr Sultan ...