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Bloomberg China and the US can open a “new window of hope” in bilateral ties in the new year, Foreign Minister Wang Yi said, urging Washington to resolve disputes through dialogue. “Our US policy will maintain continuity and stability and we are willing to develop China-US relations in a coordinated, cooperative and stable manner with the American side,” Wang was …

Bloomberg Airbus SE was close to delivering 560 planes to customers as of December 31, approaching the top end of its internal target in a year marred by the pandemic-induced collapse of air travel, according to people familiar with the matter. The European planemaker delivered close to 550 aircraft as of December 29, Bloomberg reported earlier. The final audited tally …

Bloomberg The European Union (EU) and China announced the political approval of an agreement to open the Chinese market further to EU investors, marking a major step in talks that began in 2013. The breakthrough in negotiations on an EU-China investment deal signals the bloc’s determination to focus on economic opportunities in Asia even amid criticism of Beijing’s record on human …

Bloomberg Oil pushed higher with support from a weakening dollar as investors weighed a worsening short-term demand outlook against an eventual rebound as Covid-19 vaccines are rolled out. Futures in New York rise above $48 a barrel, though liquidity was thin in the period between Christmas and New Year. A dip in the dollar boosted the appeal of commodities such …

Bloomberg Oil climbed as the UK is poised to grant regulatory approval to another Covid-19 vaccine and as the US passed its stimulus bill into law. Futures in New York are trading 1.2% higher after dipping in early trading. Britain’s drug regulator could clear the shot produced by AstraZeneca Plc and the University of Oxford for use as early as …

Bloomberg Millions of Americans will see their unemployment benefits lapse, at least temporarily, after President Donald Trump let it the night pass without signing a bipartisan stimulus package containing various pandemic aid. While the president dug in over the size of direct checks to be sent to many Americans, the $900 billion stimulus accord contains numerous other measures, including extended …

Bloomberg Russia plans to support a further gradual increase in Opec+ production at the next meeting in January, because crude prices are within an optimal range. “To restore our output, that we’ve reduced a lot, the price range of $45 to $55 a barrel is the most optimal,” Deputy Prime Minister Alexander Novak told reporters in Moscow. “Otherwise we’ll never …

RIYADH / WAM The Official Spokesman for the Coalition to Restore Legitimacy in Yemen Brigadier General Turki Al-Malki said that the terrorist Houthi militia launched a ballistic missile from Amran governorate on Saturday morning, using civilian objects as a launch site. The missile fell short in Yemeni territory east of Al-Yatmah, Al-Jawf governorate, he added in a statement. “The Houthi …

Bloomberg Britain and the European Union (EU) will enjoy a “special relationship” as a result of the historic trade agreement that was reached, according to UK Cabinet Office Minister Michael Gove. “We can now embark on a new, more hopeful, chapter in our history,” Gove said in an article published in the Times of London newspaper on Saturday. “We can …

DUBAI/ DAKAR / WAM Trade enabler DP World, and the Government of Senegal, have signed agreements for the development of a deepwater port at Ndayane, approximately 50 kilometres (km) from the existing port and near the Blaise Diagne international airport. The new port will further reinforce Dakar’s role as a major logistics hub and gateway to West and North-West Africa. …