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Bloomberg There are sell-offs and there are sell-offs. But what occurred in Argentina is on a scale of its own. The local stock market tanked 45% in dollar terms and bond prices tumbled 34% after a surprise in the primary election on August 11 that was widely seen as foretelling a victory for the opposition populists when the presidential vote ...

Bloomberg A key deadline is set to lapse on Monday that could lead to permanent US tariffs on Mexican tomato imports, with costs potentially hitting American consumers when the weather turns cold later this year. As of last week, the two sides had failed to reach an agreement to end an anti-dumping investigation over Mexican tomato imports and lift a ...

Bloomberg The UK will grapple with a shortage of fuel, food and medicine as well as job losses and a disruption at its ports of as long as three months with a no-deal Brexit, the Sunday Times reported, citing leaked government documents. The dossier called “Operation Yellowhammer,” prepared by the cabinet office, also warned that the supply of fresh food ...

Bloomberg Tesla Inc. will bring its solar technology business to Europe next year, Chief Executive Officer Elon Musk wrote on Twitter. Tesla Solar uses roof tiles with solar cells embedded inside to allow people’s homes to convert sunlight into electricity. Musk announced a re-launch of the design on Sunday, which he says could save $500 a year in utility bills ...

Bloomberg Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public. A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & ...

KHARTOUM / WAM The UAE on Saturday expressed its support for Sudan in its quest to create a polit-ical system capable of achieving the development of the state and driving the country towards a prosperous future, affirmed Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State. In a statement following his participation in the ceremony held in Khartoum to ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), awarded the Strabag Dubai LLC, Strabag AG, Andritz Hydro and Ozkar consortium the construction contract for the AED1.437 billion pumped-storage hydroelectric power station at Hatta. This is part of the Comprehensive Development Plan for Hatta, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of ...

Bloomberg Drones attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia but failed to disrupt production, the kingdom’s Oil Minister Khalid Al-Falih said. Aramco extinguished a small fire at a natural gas liquids plant at Shaybah on Saturday morning, it said in a statement. There were no casualties and oil operations were not interrupted by the ...

Bloomberg For Brits looking to escape the UK in an increasingly wet August, the pound might offer some relief with a recovery against the euro. Sterling ended a record run of losses against the common currency this week and analysts are cautiously optimistic on its near-term prospects. Growing resistance among opposition lawmakers to a no-deal Brexit has led traders to ...

Emirates Business Ras Al Khaimah International Airport has announced the onboarding of its first foreign exchange partner, Travelex. Headquartered in London with a presence in over 70 countries, Travelex is a leading provider of foreign exchange, remittance, and payments services, enabling physical and digital cross-border money movement for consumers and financial institutions. Travelex has commenced operations at the airport, offering ...