News

Bloomberg China’s red-hot bond rally is ending the year on a high note. The nation’s 10-year government bond futures surged as much as 0.49 percent in intraday trading, the most since November 14, and the yield on the notes fell in the cash bond market. This came as the PBOC net injected $32 billion into the financial system through open-market ...

Bloomberg China’s Ministry of Education has asked universities to inspect all research work on gene editing and submit a report to the government by year end showing that the work doesn’t breach ethical boundaries. The order comes a month after Shenzhen-based researcher He Jiankui shocked the world by claiming he had edited the genes of a pair of twin baby ...

Bloomberg The cost of pollution in the European Union’s cap-and-trade system is likely to surge again next year, contributing to rising electricity costs that are already uncomfortable for industry. Carbon futures, reflecting the price factories and utilities pay for their emissions, tripled in 2018, making it the best performing major commodity of the year. Those contracts may surge again in ...

Bloomberg The UK has awarded contracts worth 108 million pounds ($137.2 million) to charter extra ferries for freight shipments between southern England and the rest of Europe in the event that a no-deal Brexit creates bottlenecks at Dover’s port, the BBC said. Department for Transport officials hired Brittany Ferries of France, Danish shipping firm DFDS and UK-based Seaborne Freight for ...

Bloomberg As Canadian grain companies spend millions to upgrade and build new export terminals in Vancouver, a new problem is threatening to cause transportation bottlenecks at the nation’s largest port: vessels can’t load grain in the rain. And it rains a lot in Vancouver. In Canada’s wettest major city, the practice of loading ocean-bound vessels with grain in rainy weather ...

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised his pride of the triumphant journey of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in service to the Homeland. This came ...

Bloomberg President Donald Trump said on Saturday that he’d spoken at length with Chinese President Xi Jinping and that “big progress” is being made towards a deal between the world’s largest economies. The agreement will be “very comprehensive” and will cover “all subjects, areas and points of dispute,” the president said in a tweet. Trump’s comment comes as a US ...

DUBAI / WAM The Dubai Islamic Economy Development Centre (DIEDC), and Bosna Bank International (BBI), have agreed to foster collaboration between Dubai and Bosnia and Herzegovina in developing the Islamic economy sectors, and strengthening cooperation between the two markets by leveraging the knowledge and expertise of DIEDC and its stakeholders. This was stated after Abdulla Al Awar, CEO of Dubai ...

ABU DHABi / WAM The United Arab Emirates has condemned the terrorist bomb attack that hit a tourist bus on Friday near the Giza Pyramids, in Egypt. A reported four civilians were killed in the roadside bomb attack, wounding 11 others. In a statement, the Ministry of Foreign Affairs and International Cooperation (MOFAIC), said that the UAE strongly condemns these ...

DUBAI WAM Highlighting the importance of accompanying transformations in the Arab region through strong education systems, the United Arab Emirates and Unesco Emirates have signed an agreement that renewed the Regional Centre for Educational Planning’s special relationship with Unesco. Based in Sharjah, this Centre under the auspices of Unesco has trained over educational planners and managers over the years and ...