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China deal to dig into US soy stocks as Trump pledges aid

Bloomberg Donald Trump’s trade truce with China is expected to push American soybean stockpiles to the lowest since the trade war began. But corn stocks are going in the opposite direction, ballooning to the highest in three decades. And the president’s hints for more farmer aid could make the disconnect between the two even more pronounced. Soybean reserves will fall ...

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Google reaches settlement with states in antitrust case

Bloomberg Alphabet Inc’s Google has reached a settlement with state attorneys general over the states’ use of consultants in their antitrust investigation of the internet search giant. Google in October went to court to restrict the Texas Attorney General’s office from disclosing sensitive information to consultants who have worked for competitors and other companies such as News Corp and Microsoft ...

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Amazon seeks internal Pentagon documents in JEDI contract case

Bloomberg Amazon.com Inc has asked a court to force the government to hand over documents related to Defense Secretary Mark Esper’s decision to recuse himself from making decisions on a $10 billion cloud-services contract. In a court filing made public on, Amazon seeks a trove of documents to bolster its challenge of the Pentagon’s Joint Enterprise Defense Infrastructure (JEDI) cloud ...

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‘Amazon not providing data security’

Bloomberg Amazon.com Inc doesn’t provide enough data security for sellers sending emails on its marketplace platform, according to a complaint filed by Noyb, a group created by Austrian privacy activist Max Schrems. Emails are routed through Amazon servers that in some cases fail to provide so-called TLS encryption, which is a standard safety practice, according to the complaint, which was ...

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EU leaders fail to strike budget deal in aftermath of Brexit

Bloomberg European Union (EU) leaders failed to clinch a deal on its next long-term budget as deep divisions over spending bubbled up in the aftermath of Brexit. After a 28-hour extraordinary summit in Brussels, they conceded it was impossible to nail down a seven-year spending plan and will have to reconvene sometime before the end-2020 deadline. “Unfortunately today we’ve observed ...

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Dubai Boat Show charts maritime course for 2020s

DUBAI / WAM Hailing the dawn of a decade defined by innovation in the maritime sector, the 28th Dubai International Boat Show will drop anchor at its new 1,100-berth Dubai Harbour home from March 10-14, buoyed by a striking display of superyachts, future-focused maritime equipment and an extensive range of leisure and aquatic activities. Running under the theme ‘Loving What’s ...

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Fujairah oil product stocks edge up 0.7% on build in heavy residues

FUJAIRAH / WAM Refined product inventories at the Middle Eastern hub of Fujairah edged up 0.7 percent in the week to Monday, led by a nine percent jump in stocks of heavy residues, according to data obtained exclusively by S&P Global Platts from the Fujairah Oil Industry Zone at the Port of Fujairah. Oil products stocks totalled 22.956 million barrels ...

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‘UAE-Russian forum’ seeks to enhance joint strategic ties

SHARJAH / WAM The UAE-Russian Business Forum held in Sharjah and organised by the Sharjah Economic Development Department (SEDD), in cooperation with the Ministry of Energy and Industry, discussed ways to enhance the strategic partnership between the two countries and focused on the importance of benefiting from the economic, commercial and large investment elements of both sides. It was also ...

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UAE launches ‘food research platform’

DUBAI / WAM The UAE Food Security Office launched the open “Food Research Platform” – the first-of-its-kind in the region – with the new portal now accessible on the official website of the office, aimed at creating a knowledge database for all scientific and practical research carried out in the UAE in the field of food security. The launch coincides ...

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UAE, Greece forging new pathways to bolster ties

Athens / WAM The United Arab Emirates and Greece are forging new pathways to bolster ties between the two countries, following a high-level UAE delegation visit, led by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State. Prime Minister Kyriakos Mitsotakis of Greece received Dr. Al Jaber and his accompanying delegation, as part of their official visit to the ...

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