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ABU DHABI / WAM The Abu Dhabi Committee for the fourth cycle of the Federal National Council (FNC) elections has opened its headquarters in the Abu Dhabi Chamber of Commerce and Industry. Saif Ali Al Qubaisi, Executive Director of the Department of Citizens’ Affairs at the Abu Dhabi Crown Prince’s Court and Chairman of the Abu Dhabi Committee, attended the ...

Bloomberg India’s new finance minister resisted calls for a fiscal boost to spur a weakening economy, sticking instead to a plan to narrow the budget deficit over time by keeping spending in check. The fiscal gap target for the year that began on April 1 was lowered to 3.3 percent of gross domestic product (GDp) from 3.4 percent set in ...

Bloomberg The largest steel industry group in China has urged the government to maintain order in the global iron ore market after prices surged to a five-year high following a supply squeeze, saying that it’s requested authorities look into the gains. Futures slumped. The China Iron & Steel Association (CISA) “is reporting relevant problems in the industry to government ministries ...

Bloomberg Japan’s Ministry of Economy, Trade and Industry plans to set up working-level briefings for their South Korean counterparts to explain export restrictions on some semiconductor and display materials that went into effect on July 4, according to the Nikkei. The goal of the talks is to show that the measures do not amount to an embargo and to preempt ...

Bloomberg India should provide incentives to farmers to adopt efficient water use to avert a looming crisis, according to the Economic Survey presented by Finance Minister Nirmala Sitharaman. The South Asian nation should introduce improved irrigation methods, use technologies and change cropping patterns to reduce the use of ground water, of which 89 percent is extracted for irrigation purposes, the ...

Bloomberg Vodafone Group Plc switched on the UK’s second 5G wireless network, kicking off a commercial battle with dominant rival EE that could shape a decade of sales. The technology’s faster download speeds and more reliable connections give the first movers an opportunity to snatch a bigger share of a saturated market. Back in 2012, EE — now owned by ...

Bloomberg Qualcomm Inc, BMW AG, and Deutsche Telekom AG clinched a victory after European Union member states scrapped new rules mandating WiFi technology as the basis for how future connected cars talk to each other. The ruling is victory for 5G technology as countries around the world prepare for the roll-out of ultra-fast 5G wireless networks, which will power everything ...

Bloomberg German factory orders slumped in May in the latest sign that global trade uncertainty is turning Europe’s temporary slowdown into a more serious downturn. The economy ministry reported huge declines in export orders and investment goods in May, just days after a survey showed factory activity shrank for a sixth month in June. The continued gloom is increasing concern ...

Bloomberg Buildings shook in Los Angeles after an earthquake with a preliminary magnitude of 7.1 hit Southern California, the strongest temblor to rock the state in 20 years. The quake struck 17 kilometres (10.5 miles) north-northeast of Ridgecrest, California, according to the US Geological Survey. That’s a relatively rural area more than 100 miles outside of Los Angeles, and came ...

Bloomberg Jaguar Land Rover plans to build a new range of electrified cars in the UK, safeguarding thousands of jobs and providing a boost for a British automotive industry that’s been rocked by job cuts and plant closures. The move involves hundreds of millions of pounds in investments. It guarantees the future of the company’s Castle Bromwich plant in central ...