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MORONI / WAM President Azali Assoumani of the Comoros received a delegation from the UAE, led by Saeed Mohammed Saeed Al Muqbali, UAE Ambassador to the Comoros, in the presence of Ahmed bin Mohammed Al Jarwan, President of the Global Council for Tolerance and Peace. During the meeting, both sides discussed ways of strengthening their mutual ties, in addition to …

Bloomberg Huawei Technologies Co. will be banned from the UK’s next generation mobile networks, in a sweeping crackdown on the Chinese company that will delay 5G roll-out and hit businesses with billions of pounds in extra costs. Under the blueprint agreed by Prime Minister Boris Johnson, operators will not be able to add any new Huawei components to their 5G …

Bloomberg Google is in advanced talks to buy a $4 billion stake in Indian billionaire Mukesh Ambani’s technology venture, seeking to join rival Facebook Inc. in the chase for growth in a promising internet market. The Mountain View, California-based titan has been discussing the investment in Reliance Industries Ltd.’s digital arm, Jio Platforms Ltd., the people said, asking not to …

Bloomberg Google said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in India. Sundar Pichai, the CEO of parent Alphabet Inc., made the announcement at the annual Google for India event via video conference. He said the coronavirus outbreak has made clear importance of technology for conducting …

Bloomberg Oil edged lower ahead of an Opec+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world. Futures in New York fell below $40 a barrel. The producer bloc will review the state of the market at an online meeting on …

Bloomberg Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of Opec+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of US Federal Reserve. The challenge now confronting the oil producers’ club is one that’s all too familiar to the Fed: how to avoid a “taper tantrum,” the market panic that …

HODEIDAH / WAM The UAE, through its humanitarian arm, the Emirates Red Crescent (ERC) continues relief efforts in Yemen, by distributing food aid to the people of Khokha in the Hodeidah governorate. The ERC team distributed 300 food baskets to 2,100 displaced families in the Khokha district. Fathia Al Ma’amari, Director of the Human Rights Office in Hodeidah, expressed her …

Bloomberg President Donald Trump said a phase two trade deal with China isn’t under consideration, saying the relationship between Washington and Beijing has deteriorated too much. “I don’t think about that,” Trump said when asked about the possibility of a second round of trade agreements with China. “The relationship with China has been severely damaged.” Trump’s comments — made to …

Bloomberg Jio Platforms Ltd., the digital services business controlled by billionaire Mukesh Ambani, completed the sale of 6% of its shares for about $4 billion. Saudi Arabia’s Public Investment Fund closed a deal for a 2.3 percent stake for 113.7 billion rupees ($1.5 billion), according to an exchange filing from Jio’s parent, Reliance Industries Ltd. Silver Lake purchased 2.1% of …

Bloomberg Oil rebounded as a new virus treatment showed promising results, but rising Covid-19 cases continued to weigh on the market. Oil gained 2.4% in New York, but is still down for the week. The market followed stocks higher after Gilead Sciences Inc. said its remdesivir treatment cut Covid-19 mortality risk by 62%. Still, the coronavirus pandemic is far from …