ABU DHABI / WAM The Abu Dhabi Accountability Authority (ADAA), on Monday announced the launch of a digital ‘Violation Reporting Platform’ that will enable the reporting of suspicious financial and administrative violations across government entities. According to a statement by the Authority, the newly launched digital platform will enhance Abu Dhabi’s competitiveness and further establish investor confidence in its business ...
Read More »News
‘UAE’s model of tolerance is a unique, influential soft power’
The UAE is continuing to promote its inspiring model of tolerance, coexistence and openness to others, after leading globally through its unprecedented initiative launched this year that made it the “Capital of Tolerance.” The UAE has proven the importance of the key role of its soft power in reinforcing human fraternity principles and encouraging moderate speech discourse, through supporting all ...
Read More »China car market heads for second annual sales decline
Bloomberg Car sales in China continued to decline in November, extending a historic slump and all but ensuring a second straight annual drop for the world’s biggest auto market. Sales of sedans, sport utility vehicles, minivans and multipurpose vehicles fell 4.2% from a year earlier to 1.97 million units, the China Passenger Car Association (PCA) said, citing preliminary figures. The ...
Read More »Vietnam ministry may cut some tariffs on US agriculture
Bloomberg Under pressure from the US, Vietnam’s ministry of finance is proposing to reduce tariffs on some American agriculture products, from chicken to apples. The government is working to alleviate US concerns over Vietnam’s growing trade surplus. At the request of the US, Vietnam now is reviewing duties on some American products, with tariff cuts seen as a way to ...
Read More »S’pore food security at climate change risk
Bloomberg Singapore, home to some of the planet’s most affluent people, shouldn’t have to worry about going hungry — except when you factor in the threat of climate change. The city state ranks top of the Global Food Security Index, a gauge of more than 100 countries developed by the Economist Intelligence Unit and supported by Corteva Agriscience. But when ...
Read More »Japan’s economy grows faster than extimates in Q3
Bloomberg Japan’s economy expanded in the third quarter at a much faster pace than initially reported, as capital investment and private consumption proved much stronger than first estimated. Gross domestic product (GDP) grew at an annualised pace of 1.8% in the three months through September from the previous quarter, faster than an initial reading of 0.2%, revised Cabinet Office data ...
Read More »Xiaomi takes on Apple in Japan with 108-megapixel budget smartphone
Bloomberg Xiaomi Corp, the world’s fourth-largest smartphone maker, is entering Japan and taking on Apple Inc with a budget-friendly smartphone and a connected fitness tracker. The company is making the Mi Note 10 Android smartphone available in Japan for immediate pre-order to be shipped on December 16. Priced from 52,800 yen ($486), the handset has a high-resolution 108-megapixel camera, a ...
Read More »Fighting pollution in India could increase greenhouse gases
Bloomberg India’s fight against deadly air pollution may come with an unintended consequence: increased emissions of greenhouse gases. Government-mandated pollution control devices for coal-fired power plants, which reduce deadly sulfur-dioxide pollution, could also boost carbon dioxide emissions at individual plants, according to a report by the US Environmental Protection Agency. That may impede India’s ability to meet international commitments to ...
Read More »Europe is edging towards 5G restrictions after US lobbying
Bloomberg US officials flooded Europe last week, and by the time they had departed, their efforts to persuade their allies to cut back in using Huawei Technologies Co equipment appeared to finally be gaining traction. Europe has been caught between two major world powers, China and the US, over the question of whether to include Huawei in the roll-out of ...
Read More »Amazon faces UK antitrust decision to buy Deliveroo stake
Bloomberg Amazon.com Inc’s bid to buy into one of the UK’s most successful startups may get caught up in antitrust authorities’ fear that they made mistakes in the past. The Competition and Markets Authority (CMA) has until Wednesday to decide whether to continue a two-month-old probe that froze Amazon’s bid of around $500 million for a minority stake in food-delivery ...
Read More »