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Bloomberg The UK and the European Union (EU) are increasingly at odds ahead of next week’s trade talks, with each side accusing the other of backing away from past promises. Regaining political independence and freedom from the EU’s legal system will take priority over securing a trade deal by the December 31 deadline, Prime Minister Boris Johnson’s spokesman, James Slack, ...

Bloomberg The Trump administration said it has asked Congress for $2.5 billion — half new money, half repurposed from other efforts — to battle the spread of the coronavirus. The announcement came on the same day that global financial markets were shaken over reports that the illness had spread to Italy and South Korea. US stock benchmarks slid more than ...

Bloomberg China will release results at the end of April from clinical trials of a Gilead Sciences Inc drug that is emerging as a frontrunner in the race to find an effective treatment for the novel coronavirus. The outcome of trials of the experimental medication remdesivir on 761 patients in Wuhan, the city where the virus originated, will be made ...

Bloomberg Apple Inc is reopening more than half of its retail stores in China, trying to rebound from a sales hit tied to coronavirus. As of February 25, 29 of 42 Apple stores in the country are opening, according to a review of the company’s retail websites. Most of these locations are still operating on shortened hours. Some outlets will ...

Bloomberg Employment increased in about 80% of the largest US counties in the third quarter of 2019 from a year earlier and wages grew in 350 of 355, according to the US Bureau of Labor Statistics. In the third quarter of 2019, average weekly wages for the nation rose to $1,093, a 3.6% increase from a year earlier. People working ...

Bloomberg Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while gold soared towards $1,700 an ounce amid a flight to haven assets. As the deadly virus spreads more widely outside China, raising the threat of a global pandemic, finance chiefs and central bankers from the world’s largest ...

ABU DHABI / WAM Abu Dhabi Autonomous Systems Investments Company (Adasi), on Monday announced that it has signed an AED234 million contract to supply the new Camcopter S-100 unmanned aerial vehicles (UAVs), to the UAE Armed Forces. Ali Al Yafei, CEO of Adasi, made the announcement on the sidelines of the Unmanned Systems Exhibition and Conference (Umex 2020), that is ...

ABU DHABI / WAM Water scarcity in the region is of a rising concern, particularly as governments are moving away from reliance on traditional water resources to meet population demands, report findings have revealed. According to the ‘Mena Desalination Market’ report by Ventures Onsite, the Mena region’s investment in the water desalination market has increased “substantially”. It noted that 48 ...

Bloomberg The US will sign military deals worth more than $3 billion with India on Tuesday, President Donald Trump said at the start of a two-day state visit to the South Asian nation. “We make the greatest weapons ever made. Airplanes. Missiles. Rockets. Ships. We make the best and we’re dealing now with India. But this includes advanced air-defense systems ...

Emirates Business UAE business leaders are confident in their company’s growth prospects for the first half of 2020, with 69% expressing they are ‘very confident’, according to independent research commissioned by leading international recruitment consul- -tancy, Robert Half UAE. Business leaders in UAE revealed that operational expansion is primary influence for their 2020 hiring strategy. When questioned on the rationale ...