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Bloomberg US soybean supplies to China, the world’s biggest market, slumped in the first half of 2019 to the lowest level in more than a decade as little progress was made on ending a trade war between the two countries. China imported 614,806 tons of soybeans from the US in June, according to customs data. That brought the total inbound ...

Bloomberg Apple Inc’s suppliers are preparing to produce components for up to 75 million new iPhones in 2019’s second half, roughly the same number as a year earlier, according to people familiar with the matter. The volumes planned for the next iPhone launch cycle would signal steady demand for the company’s most important product, despite US-China trade tensions and a ...

Bloomberg Some of Switzerland’s top university hospitals are teaming up to take on the soaring cost of cancer cell therapy offered by big pharma. The hospitals are hoping to offer the treatment for between 150,000 Swiss francs ($151,026) and 200,000 francs. That’s about one-third cheaper than the commercialised process offered by the pharmaceutical industry. “We are convinced that such cancer ...

Bloomberg The ability to stream YouTube and Netflix when a Tesla vehicle is not moving is coming soon, Tesla CEO Elon Musk said on Twitter. The change may come in August but wouldn’t take “more than a few months,” Musk said while responding to a Twitter user. Tesla owners will be able to stream while the car is moving once ...

ABU DHABI / WAM The UAE on Saturday announced a $50 million donation to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), as part of its commitment to supporting the Palestinian people. With this donation, UNRWA will provide health services to Palestinian refugees —mothers and children — implement educational programmes to ensure the ...

Bloomberg US President Donald Trump opened another chapter in the trade war with China, ordering his top trade negotiator to pressure the World Trade Organization (WTO) to crack down on countries the US doesn’t think should be allowed to declare themselves developing nations. Trump singled out China in a memo to US Trade Representative Robert Ligh- thizer, saying that “the ...

Bloomberg Oil finished higher for the week after a volatile trading session that pitted gnawing doubts about global demand against supply threats from the Middle East and beyond. Futures gained 0.3 percent in New York and ended the week up 1 percent, reversing from last week’s steep loss. Oil turned higher after Mexico’s state-run oil company said crude output fell ...

ABU DHABI / WAM As of December 2018, a total of 1,088 licences have been issued for the nuclear sector in the UAE, according to Federal Authority for Nuclear Regulation’s 2018 Annual Report. Official statistics showed that as of December 2018, FANR issued 483 new licences, 459 licence renewals, and 146 licence amendments to conduct activities using radiation sources in ...

DUBAI / Emirates Business The deadline for technology start-ups to enter this year’s international AED100,000 Futurism Programme, a zero-equity accelerator initiative of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), closes on July 31. The annual Futurism Programme aims to boost technology innovation within the tourism industry ecosystem and further position Dubai as a leading international technology hub for ...

ABU DHABI / WAM The Mohammed bin Rashid Space Centre (MBRSC) revealed the winning logo from the design competition held for the International Astronautical Congress (IAC) 2020. IAC, which will be hosted in Dubai for the first time in the Arab world, is a global event that brings together leading space specialists and decision-makers from around the world. The event ...