Bloomberg Boeing Co.’s production halt for the 737 Max is likely to be little more than a temporary headwind for the US economy — especially now that the expansion is on firmer footing compared with other times since the aircraft was grounded in early 2019. The company’s decision to temporarily suspend production starting next month comes as the world’s largest …
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Bloomberg China will provide retaliatory tariff waivers to buyers of US farm products on a more regular basis after the countries reached a phase one trade deal, according to people familiar with the situation. Waivers had previously been given in tranches but they’ll now be handed out more frequently. The move will make it less punitive for Chinese firms to …
Read More »Abu Dhabi / WAM The UAE on Monday announced AED55 million ($15 million) for school supplies that will support 400,000 students in Sudan. The monetary aid, provided by Abu Dhabi Fund for Development (ADFD), covers educational necessities, including classroom equipment. ADFD, in cooperation with the Sudanese government, supervised the delivery of the first shipment of school supplies that covers the …
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Bloomberg Boeing Co. dropped the most in nearly two months on news that the company is weighing a temporary production halt for the grounded 737 Max. With regulatory approval for the jet’s return increasingly likely to slip beyond January, Boeing’s board is considering whether to slow already-pared output of its best-selling jet, a person familiar with the matter said. Some …
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Bloomberg Oil steadied near a three-month high on cautious optimism that a preliminary trade deal between the US and China will support global fuel consumption. Futures held near $60 a barrel in New York after settling at the highest since September 16. While the partial trade deal leaves most of the tariffs built up over the 20-month conflict in place, …
Read More »BRUSSELS / WAM During a forum held in Brussels, attended by Omar Ghobash, Deputy Minister of Foreign Affairs and International Cooperation for Cultural Affairs, European parliamentarians and representatives of various religions called for the continued implementation and monitoring of the Document on Human Fraternity for World Peace and Living Together. The document was signed on February 4, 2019 in Abu …
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Bloomberg Saudi Aramco shares advance for a third session — though the market valuation remained below $2 trillion — with investors focusing on energy company’s inclusion in major global equity indexes this week. The stock climbed 1.6% in Riyadh, extending gains since it started trading on Wednesday to 17%. The main Saudi index also advanced, along with most peers in …
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NEW DELHI / WAM The Indian state of Madhya Pradesh has announced plans for developing economic relations with the Arabian Gulf countries. The state government will organise a ‘Mini-Investors’ Meet’ next year in the state capital Bhopal, which will be exclusively focused on enhancing investment ties with the Gulf. This was announced in a report on the outcome of the …
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Abu Dhabi / WAM Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, Chairman of Abu Dhabi Agriculture and Food Safety Authority (Adafsa), the 10th anniversary edition of Sial Middle East, one of the largest food, beverage and hospitality events in the region, and the fifth edition of Abu Dhabi …
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Bloomberg The US and China agreed to the first phase of a broader trade agreement that will see the US reduce tariffs, and at least temporarily calm fears of an escalating trade war between the world’s two largest economies. The deal announced hinges on China increasing purchases of American farm goods such as soybeans, and making new commitments on intellectual …
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