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ABU DHABI / WAM While the Middle East is currently experiencing daunting challenges, the upcoming UAE-China Summit will carry weight and global and political value. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will pay a state visit to China on Sunday where he will hold ...

ABU DHABI / WAM Etihad Airways has transported five million passengers to and from China since the launch of its first flights to Beijing 11 years ago, reflecting the importance of the UAE as a strategic partner in the Belt and the Road Initiative. In a statement to the Emirates News Agency (WAM), Etihad Airways noted that it currently operates ...

Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) projected current-quarter revenue ahead of estimates, as the Apple supplier shrugs off a smartphone slump and US sanctions on Huawei Technologies Co to ride demand for cutting-edge chips. The world’s largest contract chipmaker expects sales of $9.1 billion to $9.2 billion in the September quarter, ahead of average projections for about $8.9 billion. The ...

Bloomberg Vodafone Idea Ltd has hired Bank of America Corp and Morgan Stanley to help sell its fiber assets as India’s largest mobile carrier by users seeks to bolster its finances, people familiar with the matter said. The bankers will initiate discussions with potential buyers for the fiber assets, which could be valued at as much as 130 billion rupees ...

Bloomberg India’s Andhra Pradesh has asked developers of all renewable energy projects in the southern state to cut the price of green power and disregard existing contracts, according to people with knowledge of the matter. The state’s power utility sent letters to developers including Goldman Sachs Group-backed ReNew Power Ltd, Greenko Group, Mytrah Energy Ltd, and Acme Cleantech Solutions Pvt, ...

Bloomberg China is calling on its people to reduce their intake of edible oils, sugar and salt as part of a nationwide campaign to minimise health risks. The country is the world’s top consumer of soybean oil, processed from imported beans, and the biggest user of sugar after India. The nation is targeting daily consumption of oils no higher than ...

Bloomberg SAIC Motor Corp expects annual sales to fall for the first time in at least 14 years as China’s biggest automaker battles through a slump in demand roiling the world’s largest car market, according to people familiar with the matter. The Shanghai-based company, Volkswagen AG and General Motors Co’s biggest auto-making partner in China, projects 2019 sales will fall ...

Bloomberg The European Union said it may deem certain 5G suppliers a security risk, noting that Chinese law requires domestic companies to collaborate with intelligence agencies. The EU won’t target China’s Huawei Technologies Co “from the outset,” Security Commissioner Julian King told reporters. But he noted that Chinese national intelligence law “puts certain quite broad requirements on organisations or citizens ...

Bloomberg Novartis AG, the Swiss drugmaker, raised its earnings outlook for the second time this year, buoyed by key heart and psoriasis medicines. Earnings excluding some items are expected to increase by a low double-digit to mid-teens percentage, the Basel, Switzerland-based company said. Novartis previously forecast a high single-digit percentage increase. The outlook for sales, new medicines and the Sandoz ...

Bloomberg YouTube reached a settlement with the US Federal Trade Commission (FTC) resolving allegations that the company violated rules about collecting data on and advertising to children, according to a person familiar with the matter. The FTC’s five-member commission voted to approve the settlement, said the person, who declined to be identified because the matter is confidential. Details of the ...