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Bloomberg TikTok has tapped the head of a top lobbying group for internet companies to lead its Washington policy operations as it confronts mounting pressure in Washington over its ties to China. Michael Beckerman, the current president of the Internet Association, will be in charge of government relations for the popular music-video app, according to a company spokeswoman. TikTok, which ...

Bloomberg The UK has left the European Union (EU) after almost half a century of membership, setting the stage for 11 months of potentially fraught talks that will determine whether the two sides can avert a chaotic divorce. There were no bongs from Big Ben to mark the moment of Britain’s departure from the bloc, but prime minister Boris Johnson ...

Bloomberg President Donald Trump signed an executive order designed to combat the flow of foreign counterfeit goods sold on e-commerce platforms like the websites of Amazon, eBay and Walmart. The Department of Homeland Security will examine whether the US government is collecting enough fees to cover the cost of processing and inspecting parcels entering the US. It will also develop ...

Bloomberg The US lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions. According to a notice posted on the Treasury Department’s website in Washington, sanctions were removed. In September, restrictions were placed on the Dalian units of China COSCO Shipping Corp, sending freight rates soaring as traders ...

Bloomberg Boeing Co. closed the financial books on a tragic and tumultuous 2019 by revealing that total costs for its grounded 737 Max will surpass $18 billion when the tab for restarting production later this year is included. The planemaker is taking a $2.6 billion pretax writedown to compensate airlines for ballooning losses from a global flying ban that’s expected ...

ABU DHABI / WAM The UAE trade in aluminum amounted to around AED 8 billion during the first three months of 2019, according to statistics revealed by the Federal Competitiveness and Statistics Authority. The Emirates’ trade in the metal hit a record of AED 6.5 bn during the reference period, a growth of 23 percent over the corresponding period in ...

AJMAN / WAM The non-oil GDP in Ajman achieved a 3.6 percent growth in 2018, according to the emirate’s annual economic report 2019 issued by the Department of Economic Development covering the emirate’s economic outcomes until the end of 2018. The report showed that the average annual growth for the 2014-2018 period was some 3.8 percent, a clear indication of ...

RAS AL KHAIMAH / WAM Valleys, dams and mountains and a green carpet covering the Emirate of Ras Al Khaimah have turned the region into a beautiful oasis, which celebrates nature and strengthens environment sustainability. Starting at Wadi Shawka or Shawka valley, where you can feel a cold breeze, you walk past fragrant palm trees, flowers and plants, and move ...

BEIRUT / WAM The Emirates Red Crescent (ERC) announced that it is continuing its winter aid campaign for refugees in Lebanon to help ease the effects of the cold weather, which included winter essentials, such as heaters, blankets, clothes, children’s supplies and food parcels. Through the Humanitarian and Development Affairs Attaché at the UAE Embassy, the authority implemented the third ...

DUBAI / WAM The Islamic Affairs and Charitable Activities Department in Dubai (IACAD) announced that 2,109 tonnes of used clothes worth AED9.6 million were donated as part of the Clothing Bank initiative in 2019. The IACAD aims to allocate all proceeds to support various charitable and humanitarian projects within and outside UAE. Ahmed Darwish Al Muhairi, Executive Director of the ...