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Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation signed an agreement with the Electricity and Energy Ministry of the Republic of Yemen to implement a power plant in Aden at a cost of $100 million. The agreement is part of the continuous programme implemented by the UAE to support the electric power sector in Aden. The agreement ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), and a delegation from Abu Dhabi Future Energy Company (Masdar), have discussed ways of developing their partnership on renewable and clean energy, and the various plans and projects that support the objectives of the UAE Centennial 2071. At the meeting, which was held ...

Bloomberg Alphabet Inc’s Google is moving some production of Nest thermostats and server hardware out of China, avoiding punitive US tariffs and an increasingly hostile government in Beijing, according to people familiar with the matter. Google has already shifted much of its production of US-bound motherboards to Taiwan, averting a 25 percent tariff, said the people, asking not to be ...

Bloomberg As China’s car market cools, American manufacturers are among those getting hurt the most. The market share of US brands fell to 9.6 percent in the first five months of 2019 from 10.9 percent a year earlier, the state-backed China Association of Automobile Manufacturers said. German and Japanese brands, meanwhile, gained share in the world’s largest car market. The ...

Bloomberg Hong Kong stock traders have a lot to contend with right now. A trade war between China and the US, a slumping yuan, spiking interbank rates and now street protests that have spilled across the city’s financial district in a repeat of 2014’s Occupy movement. The last two — rates and protests — have combined to snuff out a ...

Bloomberg Sugar output in India may drop to a three-year low next season from a record as dry weather shrivels cane plants in some major growing areas of the country that vies with Brazil as the world’s top grower. Production may slide to 28 million to 29 million tons in the year that begins on October 1 from 33 million ...

Bloomberg India will launch a lunar mission on July 15, attempting to become the fourth country to land on the moon and cementing its place among the world’s space faring nations. The Chandrayaan-2 mission aims to deliver a rover to an elevated plane close to the uncharted lunar South Pole on September 6 or 7 and investigate the surface for ...

Bloomberg Britain is to become the first major economy to adopt laws that require a cut in fossil-fuel emissions to zero by 2050 to fight climate change. Prime Minister Theresa May said legislation to wipe out the UK’s net contribution to rising global temperatures will be put to members of Parliament, endorsing a report from advisers that laid out what ...

Bloomberg KKR & Co. is seeking to buy out minority shareholders of Axel Springer SE in a deal that would value the German publisher at about 6.8 billion euros ($7.7 billion). KKR offered to pay 63 euros a share in cash — a 13 percent premium over close and about 40 percent more than the price before Bloomberg reported the ...

Bloomberg Dassault Systemes SE, a maker of industrial design software, agreed to buy Medidata Solutions Inc. for $5.7 billion to gain a foothold in the fast-growing market for clinical trial technology. The deal pushes the French company further beyond its design roots into data processing and business analysis. Medidata’s software analyses pharmaceutical and biotech trials for some of the world’s ...