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Bloomberg China is investigating FedEx Corp on suspicion of illegally handling a package to Hong Kong containing knives that are controlled by law, the state-run Xinhua News Agency reported. The knives have been confiscated by authorities, Xinhua said, without providing more details. The case follows the discovery of a gun in a package delivered by FedEx to a company in ...

Bloomberg In Indonesia, the chicken comes before the egg. At least in the sense that the government is asking poultry breeders to throw away 10 million eggs or give them away for free in an attempt to support slumping chicken prices. It’s hoping that a reduction in the number of eggs that may hatch will shrink chicken supplies and prop ...

Bloomberg Google and its industry allies are making a late bid to water down the first major data-privacy law in the US, seeking to carve out exemptions for digital advertising, according to documents obtained by Bloomberg and people familiar with the negotiations. A lobbyist for Google recently distributed new language to members of California’s state legislature that would amend the ...

Bloomberg Hurricane Dorian menaced the US East Coast with devastating flooding and winds, lashing Florida after laying waste to the Bahamas in a brutal two-day battering that caused damage that may cost the islands billions of dollars. The centre of the Category 2 hurricane was located about 90 miles (145 kilometres) east of Daytona Beach, Florida, with maximum sustained winds ...

Bloomberg Electrolux AB has revamped its marketing message, stealing a page from fellow Swedish brands Volvo Cars and Ikea that highlight progressive Nordic values like sustainability, safety and simplicity. The fresh approach coincides with a renewal of Electrolux’s lineup of stoves, refrigerators and other appliances, as well as trade and tariff turmoil that’s forced the 100-year-old company to raise prices. ...

Bloomberg The UK may be on course for its first recession since the financial crisis after Brexit uncertainty pushed down the nation’s dominant services industries more than expected. Growth in the sector almost stalled last month, IHS Markit said as it published its Purchasing Managers Index on Wednesday. With similar surveys indicating the nation’s manufacturing and construction industries are in ...

Bloomberg Angela Merkel’s government aims to phase out herbicides containing glyphosate by the end of 2023, a move that could generate further headwinds for German drug and chemical giant Bayer AG. As part of the proposal approved by her cabinet on Wednesday, the government intends to oppose any request for the EU to renew the license to produce the weedkiller, ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE), issued the District Cooling Regulations and the District Cooling Applicability Regulations, recently approved by the Abu Dhabi Executive Council. The Abu Dhabi Government is thus the first in the Middle East and North Africa region to set up a complete integrated system for district cooling. This, in turn, reflects ...

ABU DHABI / WAM The manufacturing sector’s contribution to the UAE’s non-oil gross domestic product (GDP) grew 2.5 percent to AED122 billion ($33.21 billion) in real prices in 2018 from AED119.7 billion in 2017, according to figures revealed by the Federal Competitiveness and Statistics Authority. Being a mainstay to a diversified economy, the sector has maintained its steady growth over ...

ABU DHABI / WAM UAE-based banks received AED21 billion in commission income in 2018, with national banks getting 82.8 percent thereof, i.e. AED17.4 billion, according to statistics revealed by the Central Bank of the UAE. The foreign banks’ commission income amounted to AED3.4 billion, with the remaining amount claimed by branches of Gulf banks operating in the country. It’s noteworthy ...