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Bloomberg China dashed prospects for a near-term resolution to the trade war with the US, warning President Donald Trump his threats of further tariffs are blocking any potential negotiations. The response, which came just over an hour after the US imposed new duties on $200 billion in Chinese goods on Monday, underscores a deepening gulf between both governments in a ...

Bloomberg Sky Plc shares jumped as much as 8.7 percent in London, gracing the per-share offer from Comcast Corp. that beat a competitor to acquire the British broadcaster with a knockout $39 billion bid. Sky traded at 17.22 pounds in London, just shy of the 17.28 pound per-share offer from Comcast, signaling investor optimism with the bid. Comcast trumped by ...

Bloomberg With Miami still on Amazon.com Inc.’s short list for a new headquarters, entrepreneurs gathered at the Endeavor Miami ScaleUP Summit to assess the city’s prospects as a technology hub. The takeaway? Amazon or not, most speakers thought the city was uniquely placed to benefit from its location between US and Latin American business hubs, as long as it could ...

Bloomberg Willi Breuckmann could have gone for the BMW motorcycle—it was a comfortable and affordable machine. And it made sense for him to stick with a ride made in his own country, Germany. Instead, he chose a Harley-Davidson. The Road King. “It comes down to a feeling,” what the Germans call “ein Gefühl,” said Breuckmann, a 54-year-old web developer who ...

Abu Dhabi / WAM The UAE gross bank assets amounted to AED2.8 trillion by the end of August 2018, four percent up from AED2.694 trillion by the end of December 2017, according to Central Bank of UAE statistics released on Sunday. Gross credit increased to around AED1.633 trillion by the end of August, a growth of 3.3 percent from AED1.58 ...

DUBAI / WAM Dubai Futures Foundation and Haykal media have kicked-off the region’s first ever EmTech Mena 2018, a platform designed to address the future trends of technology in an evolving world. The event is held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council. Organised ...

Bloomberg The rise of US shale oil is set to extend well into the 2020s, stealing market share from the Organization of Petroleum Exporting Countries (Opec), the group said in its latest World Oil Outlook. Total supply from outside of the Opec will surge by 8.6 million barrels a day from 2017 to 2023, to 66.1 million barrels a day ...

Abu Dhabi / WAM The Export Unit Value Index in the Emirate of Abu Dhabi was up to 87.3% during Q2, a growth of 7.6% from 81.2% during the same period in 2017, according to Statistics Centre- Abu Dhabi (SCAD), while the Import Unit Value Index likewise rises to 108.7% during the same monitored period from 103.4% as compared to ...

Abu Dhabi / WAM Jamal Saif Al Jarwan, Secretary-General of the UAE International Investors Council, described the ties between the UAE and Saudi Arabia as strong on all levels due to the support of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and King Salman bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques and King of Saudi ...

DUBAI / WAM Nakheel has signed a construction contract for Dragon Towers, its new, twin-building residential complex with a total development value of AED713 million ($194mn), to be built at Dubai’s rapidly-expanding Dragon City mixed-use community. Under the AED552 million contract, handed to UAE-based Ali Mousa and Sons Contracting, mobilisation will begin immediately, with anticipated completion in 2021. Nakheel also ...