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Bloomberg US farmers and agribusinesses face a rising threat of long-term losses in export sales as President Donald Trump’s trade war with China continues, Boston Consulting Group (BCG) warned in a report. The finding by a blue-chip management consulting firm could feed mounting fears among major US agricultural players that the damage done from a tariff war that has already ...

Bloomberg The US dropped from the top spot in the World Economic Forum’s (WEF) annual competitiveness report, losing out to Singapore. Hong Kong, the Netherlands and Switzerland made up the rest of the top five, according to the WEF survey published on Wednesday. On the US, it noted growing uncertainty among business leaders. The forum focussed its report on continued ...

Bloomberg General Electric’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of its employees come retirement. All across corporate America, underfunded pensions have become the norm. Even now, a decade after the financial crisis, the largest plans face a shortfall of $269 billion, right about ...

Sharjah / WAM The Emirates Red Crescent (ERC), launched a new humanitarian initiative titled, ‘Orphans Kafalah Programme’, to support 10,000 orphans in 25 countries, under the slogan, ‘Be Their Families’. The programme was launched on social media and SMS in cooperation with Etisalat, and is being promoted in malls for three days around the country, including in Yas Mall, Abu ...

Abu Dhabi / WAM The International Air Transport Association (IATA), presented its latest study on the importance of air transport to the UAE showing that ongoing prioritisation of aviation as a key strategic asset could generate an additional 620,000 jobs and an extra $80 billion in GDP for the nation’s economy by 2037. According to the IATA study, air transport’s ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation lifted the ban on Emirati citizens travelling to Lebanon, with effect from Wednesday. Khalid Balhoul, Ministry’s Under-Secretary, said the decision came following an extensive follow up by Ministry to border security and after obtaining related guarantees from Lebanese government. “The decision to lift the travel ban emanates from ...

GENEVA / WAM The Emirate of Dubai, represented by the Dubai Investment Development Agency (DUBAI FDI), been elected for the Presidency of the World Association of Investment Promotion Agencies (Waipa). Dubai FDI will be the president of the new Steering Committee that will lead the global FDI body from 2019 to 2021, reflecting the confidence of the international community in ...

Bloomberg Kristalina Georgieva, in her first major address as head of the International Monetary Fund (IMF), painted a downbeat picture of the world economy and said a more severe slowdown could require governments to coordinate fiscal-stimulus measures. In a speech that sets the tone for next week’s annual meeting of the IMF, Georgieva said the fund will cut its growth ...

Dubai / Emirates Business Ahead of its inaugural flight to Mexico City via Barcelona on December 9, Emirates is offering travellers in the UAE a chance to book early and discover one of most fascinating and vibrant cities in the Americas. Families and solo travellers can also take advantage and venture to a new destination this winter. Economy Class passengers ...

Abu Dhabi / Emirates Business Abu Dhabi Securities Exchange (ADX) is showcasing its key advances in artificial intelligence and in digitisation that enhance the services of the Exchange for local and international investors. The technology developments Arqam and ADX Digital Wallet powered by payit were demonstrated at the Abu Dhabi Government Pavilion at Gitex Technology Week 2019, taking place 6th-10th ...