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Esma reveals strengths of UAE Halal system at Riyadh meet

ABU DHABI / WAM The Emirates Authority for Standardisation and Metrology (Esma), revealed the strengths of the UAE Halal system, which enabled it to spread reliably worldwide. It allowed the state to take the leading position in regional and international efforts in the Halal file, and provide advice to raise the technical capabilities of the countries wishing to join the ...

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UAE readers donate over 3,000 books to disadvantaged kids

DUBAI / WAM Avid readers in the UAE have donated 3,266 books for underprivileged children during the Big Bad Wolf Book Sale at Dubai Studio City’s Sound Stage. This year, the Big Bad Wolf Book Sale has partnered with Dubai Cares to donate books to underprivileged children in Kenya. The event encourages the public to purchase and donate a book ...

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Renault sets gloomy tone for EU auto sector by cutting outlook

Bloomberg Renault SA set a gloomy tone for the European automotive sector by slashing its outlook for revenue and profit, saying weakening economies are weighing on car sales and tougher rules on emissions have increased costs. The French carmaker’s shares fell the most since the arrest last year of former boss Carlos Ghosn. Renault reduced its financial guidance for 2019, ...

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GM workers staying on strike as members vote on new contract

Bloomberg The United Auto Workers (UAW) will continue striking against General Motors Co until a tentative deal is ratified by members, extending its walkout for at least another week. Voting on the proposed contract was expected to begin on October 19 and ballots will be due by October 25, Brian Rothenberg, the UAW’s spokesman, said during a press conference in ...

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US lawmakers slam Apple for ‘censorship’ of apps at China’s behest

Bloomberg US lawmakers from both parties slammed Apple Inc and Chief Executive Officer Tim Cook for “censorship of apps” at the “behest of the Chinese government.” Senators Ted Cruz, Ron Wyden, Tom Cotton, Marco Rubio and Representatives Alexandria Ocasio-Cortez, Mike Gallagher and Tom Malinowski expressed concern about the removal of an app that let Hong Kong protesters track police movement ...

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Nestor set to storm into Florida panhandle with high winds, rain

Bloomberg Tropical Storm Nestor was set to drop in on the Florida panhandle on Saturday with high winds and rain that will miss the nation’s energy hub along the Gulf of Mexico coast but could bring needed moisture to area crops suffering from drought. Nestor was located in the Gulf about 121 kilometres southwest of Apalachicola, Florida, and moving at ...

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China surveillance giant warns of client losses after US curbs

Bloomberg Hangzhou Hikvision Digital Technology Co warned it may lose customers in overseas markets because of its US blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business. Executives at the Chinese camera provider, which reported profit in line with estimates, said however the company was large enough to ...

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Reliance’s profit beats estimates on telecom, retail

Bloomberg Reliance Industries Ltd’s quarterly profit rose 18% from a year earlier beating analyst estimates, bolstered by telecommunications, retail and stable refining margin. India’s biggest company by market value posted a consolidated net income of 112.6 billion rupees ($1.58 billion) in the three months through September, against 95.2 billion rupees a year ago, it said in an exchange filing. That ...

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Nielsen: Rural India’s consumer goods consumption slows to seven-year low

Bloomberg Sales of fast moving consumer goods in rural India had their slowest growth in seven years as sagging incomes and a broader credit crunch weighed on spending in the country’s hinterland, where the majority of its population lives. Sales growth of corner-store items from tea to toothpastes dipped to 5% across India’s villages in the quarter ended September, tumbling ...

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Investors pour $735m into S’pore fintech deals

Bloomberg Investors poured a record $735 million into financial-technology ventures in Singapore in the first nine months of this year, according to research from Accenture Plc, which analysed data from CB Insights, Pitchbook and Tracxn. That’s up 69% from the same period a year earlier and exceeds the $642 million raised in all of 2018, the study found. Investments in ...

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