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Bloomberg US factory activity took a hit this month as the tariff war with China and an overhang of inventory dampened orders, adding to signs the economy could slow in the second quarter. The preliminary US manufacturing purchasing managers’ index from IHS Markit fell two points to 50.6, the lowest reading since 2009, according to data. The drop was led ...

Bloomberg Facebook Inc. said it removed 2.2 billion fake accounts in the first quarter, a record that shows how the company is battling an avalanche of bad actors trying to undermine the authenticity of the world’s largest social network. In the final quarter of 2018, Facebook disabled just more than 1 billion fake accounts and 583 million in the first ...

ABU DHABI / Emirates Business HE Hussain Jasim Al Nowais, Chairman of Khalifa Fund Enterprise Development (KFED) received a delegation from the Republic of Mali headed by HE Dr Boubou Cisse, Prime Minister of Mali at the Khalifa Fund headquarters in Abu Dhabi to explore and learn more about the fund’s experiences in initiating the culture of leadership among UAE ...

Bloomberg Oil limped to its worst weekly loss of the year as tensions lingered over how the trade feud between the world’s top economic super powers will hit demand. Futures in New York rebounded somewhat but still ended the week down 6.6 percent, the biggest decline since late December, after days of escalating rhetoric between China and the US. Chinese ...

ABU DHABI / WAM Adnoc is absorbing, embedding and applying cutting edge technology at every step of the production process from oil platforms to trading platforms, says Dr Sultan Al Jaber, CEO of Adnoc Group. “‘As we enter the Fourth Industrial Age, it is clear that this is an era defined by a transformation, not just of technology, but of ...

Bloomberg The Trump administration widened its dragnet on Chinese companies barred from selling to the US or buying components from American firms in a push to slow China’s technological advances. After crippling Huawei Technologies Co, the administration followed up by threatening to cut off US compone- nts or software to five Chinese video surveillance firms. But the plan might backfire, ...

Sharjah / Emirates Business Saudi German Hospitals Group, Sharjah and Ajman announced that it offers free surgeries for the people who cannot afford the healthcare services in the UAE. This is in line with the group’s corporate social responsibility initiative. ‘The group believes that access to the quality healthcare is the birth right of every citizen in the world and ...

DUBAI / WAM The Roads and Transport Authority (RTA), had completed 90 percent of the Tripoli Street Improvement Project and expects to throw it open to the public by June this year. The 12-km street, which links Sheikh Mohamed bin Zayed Road and Emirates Road runs parallel to Airport Street Improvement Project. The project was implemented on the directives of ...

ABU DHABI / WAM The UAE government provides Emirati senior citizens support and care that ensures for them a decent life and maintains their dignity in society while benefitting from their significant expertise and knowledge in sustainable development. The federal and local governments provide assistance in cash and kind to senior citizens. For example, the assistance provided by the Ministry ...

GAZA / WAM The Khalifa bin Zayed Foundation (KF), launched its Ramadan food assistance programme in the Gaza Strip as part of the annual Iftar project. A KF source said some 24,000 underprivileged families would benefit from the first phase of the Ramadan humanitarian programme which covers all governorates in Gaza. Distribution of food baskets is being conducted in coordination ...