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Bloomberg Philippine President Rodrigo Duterte signed into law key economic measures that are seen to help lower rice prices, strengthen the central bank and bolster state revenues. Duterte signed a bill that would remove caps on rice imports and boost supply of the staple grain, according to Executive Secretary Salvador Medialdea. The measure is expected to help cool inflation, which ...

Bloomberg India Inc. is extending a banner year for share buybacks. Seven weeks into 2019, two dozen companies led by technology major Infosys Ltd. have announced or completed plans to buy 170.5 billion rupees ($2.4 billion) of their own stock, according to data compiled by Bloomberg. This compares with about 545 billion rupees for all of 2018, which was the ...

Bloomberg Canada is asking US House Speaker Nancy Pelosi to help press the Trump administration to lift tariffs on its steel and aluminum exports. Canadian Foreign Minister Chrystia Freeland has said she met Pelosi and other Democrats on the sidelines of a global security conference in Munich. They discussed President Donald Trump’s tariffs on Canadian steel and aluminum imports, Canada’s ...

Bloomberg After becoming the hot new crop in parts of Canada’s prairies, soybeans are starting to lose their appeal as Donald Trump’s trade war with China drives down prices. Soybean acres in Canada are poised to drop for the second straight year as farmers shift acres to more profitable crops. In addition to the price concerns, some growers are also ...

Bloomberg The global tech war over Huawei Technologies Co. saw the European Union come under pressure from both the US and China as they fought over whether the company’s equipment should be banned from future 5G networks. “Chinese law requires them to provide Beijing’s vast security apparatus with access to any data that touches their networks or equipment,” US Vice ...

Bloomberg Porsche’s UK unit told customers they might have to pay as much as 10 percent more than expected if the country makes a hard Brexit and their imported car arrives after March 29. The information is precautionary and will allow customers to plan ahead for if the UK leaves the European Union at that date, Porsche said in an ...

Dubai / WAM Etihad Credit Insurance (ECI), set a strategy and growth plan aligned with the UAE economic agenda, setting a target to support $3 billion in non-oil exports and re-exports. The announcement came during the recent ECI 2019 Kick-Off Meeting at the Jumeirah Emirates Towers Hotel in Dubai. The event highlighted ECI’s goal to support UAE-based companies with over ...

Bloomberg Oil rose to the highest level this year as Saudi Arabia curtailed output at its largest offshore field and amid signals of a thaw in US-China trade tensions. Futures in New York advanced 2.2%. Saudi Arabia was said to trim supply from its giant Safaniyah field to repair a damaged power cable. Chinese President Xi Jinping said US-China trade ...

ABYAN/ wam The Emirates Red Crescent (ERC), sent a relief aid convoy to the population in Ahwar District in Abyan Governorate in a continuation to the UAE’s humanitarian aid provided to the liberated areas in Yemen.

DUBAI / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) completed the pilot phase of a research project to map agricultural areas across the UAE using drones. Aimed at facilitating the planning of future agricultural support services, the scheme will provide a wealth of raw data for analysis, such as the number and size of crop, livestock, and ...