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Dubai / WAM Brand Dubai, the creative arm of the Government of Dubai Media Office, and master developer Nakheel, have signed a Memorandum of Understanding (MoU) to collaborate on city beautification projects. The MoU will support Brand Dubai’s #DubaiSpeakstoYou initiative, as part of which it seeks to launch unique art projects aimed at beautifying the city. In the first flagship ...

Bloomberg India is set to prune its ambitious export target of $900 billion as Prime Minister Narendra Modi’s government works on reviewing the foreign trade policy amid continued global weakness and uncertainty. The reassessment comes as India slogs it out in negotiations for a regional trade deal that would account for almost 30 percent of global GDP and over a ...

Bloomberg Western Digital Corp. plans to present Toshiba Corp. with a revised offer for its memory chip unit next week in order to resolve an increasingly bitter conflict over the future of a business the two companies jointly own, according to a person familiar with the matter. The US company’s Chief Executive Officer Steve Milligan will travel to Tokyo next ...

Bloomberg Wages for China’s newest college graduates are plunging even as their ranks rise to a record. That’s unwelcome news for the nation’s young elite, but it may aid policy makers striving to shift the economy into higher technology industries and services. Monthly salaries plummeted 16 percent to 4,014 yuan ($590) this year for a second-straight annual decline, data from ...

Bloomberg The response to President Donald Trump’s announcement he was exiting the Paris climate accord and wanted to renegotiate on his terms was immediate: The leaders of France, Germany and Italy said no. On Wall Street, corporate executives pilloried the businessman president. Goldman Sachs’ CEO tweeted for the first time, calling the move a setback for the world. Tesla Inc.’s ...

Bloomberg President Donald Trump’s plan to exit the Paris climate accord is seen curbing the willingness of European Union lawmakers to tackle low carbon prices. Europe will probably need to focus on protecting its industry from economic costs the US now won’t bother with, said Andrei Marcu, a senior fellow at the International Centre for Trade and Sustainable Development in ...

Bloomberg Forget car salesmen. General Motors Co. should think a little more like ice cream vendors, according to billionaire hedge fund manager David Einhorn. Einhorn has been waging a months-long battle with GM to get the largest US automaker to split its stock into two classes — one would collect on the company’s dividend, and the other would capture the ...

Bloomberg There are plenty of explanations for the weaker-than-expected May jobs report, but the big picture is clear: The US labour market has lost some of its mojo. Monthly payroll gains are averaging 162,000 this year, a step down from the 2016 pace of 187,000, following a below-forecast rise last month and downward revisions to March and April in Labor ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday launched the ‘Dubai Cyber Security Strategy’ that aims to strengthen Dubai’s position as a world ...

Dubai / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Dubai Islamic Economy Development Centre, DIEDC, has announced that the centre has made remarkable progress in three strategic sectors of the Islamic economy: Islamic finance, Halal trade and industry, and Islamic lifestyle. He noted that among the objectives of DIEDC’s updated strategy for 2017-2021, are ...