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Polls may be least of UK investors’ woes

Bloomberg With all the focus on getting the positioning right for next month’s UK election, investors may be overlooking bigger threats beyond. Even as optimism grows that Prime Minister Boris Johnson’s party will win the vote and see through a market-friendly Brexit deal, a floundering economy and the prospect of fraught trade talks with the European Union (EU) are unnerving ...

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US retirement fund okays China investment amid threat

Bloomberg The board that oversees retirement savings for US government employees will allow one of its funds to invest in an international index that includes Chinese companies, despite the threat of legislation from lawmakers who say the investments will undermine national security and contribute to China’s economic and corporate growth. The Federal Thrift Retirement Investment Board finalised the decision in ...

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Italy’s industrial engine sputters on German economic malaise

Bloomberg The tremors from Germany’s downturn are reverberating in Italy — particularly in the country’s industrial heartland. Companies big and small in the prosperous northern regions have been hit by declining sales as Europe’s largest economy buckles under a manufacturing slump. That’s a problem for Italy’s government, desperate to boost its own economic growth to help it get control of ...

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UAE, Unesco announce launch of ‘Global Tolerance’ initiative

PARIS / WAM The UAE and United Nations Educational, Scientific and Cultural Organisation (Unesco) announced the UAE-Unesco Global Tolerance Leadership Programme, designed to nurture inclusive societies by developing the capacities of young leaders to foster tolerance, inclusion and intercultural dialogue. Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, and Chair of UAE National Commission for Education, Culture ...

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Adnoc to continue to unlock smart growth opportunities

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) will continue to unlock smart growth opportunities as it navigates the evolving energy landscape and builds on the momentum gained during a record-breaking edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). At the four-day event, Adnoc made a series of strategic announcements to drive value as it ...

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Oil climbs to two-month high as trade war positivity hits markets

Bloomberg Oil climbed to the highest in nearly two months amid optimism that the US and China are close to locking down a partial trade deal. Futures jumped 1.7% in New York, pushing a weekly advance to 0.8% after White House economic adviser said negotiations between two countries were coming down to final stages. That outweighed US government data which ...

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Dubai Airshow kicks off today

ABU DHABI / WAM Dubai Airshow 2019 will kick off at its purpose-built venue at Dubai World Central (DWC) on Sunday. The 2019 show, which will be held until November 21 will build on the overwhelming success of the last event, where more than 160 official delegations and 1,300 governmental and private companies from the Americas, Europe, Asia, and Africa ...

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Mohamed, Bahraini foreign minister review regional developments

Abu Dhabi / WAM Prospects for further strengthening the long-standing relations between the UAE and Kingdom of Bahrain were reviewed by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Sheikh Khalid bin Ahmed bin Mohamed Al Khalifa, the Foreign Minister of Bahrain. This came as ...

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UAE, India discuss ways to enhance bilateral ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received here on Saturday Subrahmanyam Jaishankar, Indian Minister of External Affairs, and discussed ways of furthering the strategic and friendship relations between the two countries. The meeting, which was attended by His Highness Sheikh ...

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UAE eyeing growth trends in Sub-Sahara African nations

Dubai / WAM Growing momentum behind regional integration, economic reforms, technological advances and infrastructure development are among the key factors fuelling business growth in sub-Sahara Africa, according to a new whitepaper released by Dubai Chamber of Commerce and Industry in cooperation with the Economist Intelligence Unit (EIU). The report, entitled Promise and Perils: Scaling up businesses in sub-Sahara Africa, was ...

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