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Buhumaid discusses cooperation with India, Greece ambassadors

Abu Dhabi / WAM Hessa Essa Buhumaid, Minister of Community Development, met with Dr Catherine Boura, Ambassador of Greece, and Navdeep Singh Suri, Ambassador of India to the UAE, to discuss means of enhancing cooperation in social and community development. The minister expressed her pleasure at holding discussions with the two ambassadors, highlighting that the meeting comes within the framework ...

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Abu Dhabi’s Seha appoints new group CEO

Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha), on Saturday announced the appointment of Dr Gareth Goodier, as the new Group Chief Executive Officer. Announcing the appointment, Salem Rashed Al Nuaimi, Chairman at SEHA, said, “At SEHA we have a vision to elevate the quality of healthcare through innovation and skills, and we are confident that we have the ...

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Abu Dhabi records 10.5% rise in hotel guests in August

Abu Dhabi / WAM The number of hotel guests staying in Abu Dhabi during August rose by 10.5 percent compared to the same month in 2017, with double-digit growth in most key source markets underpinning the upward trend, latest figures released by the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, for the emirate’s hospitality sector have ...

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Duke Energy ash basin overflows, spilling coal byproduct into river

Bloomberg Floodwaters have overwhelmed an ash basin at a Duke Energy Corp. power plant in North Carolina, spilling a byproduct of burning coal into the Cape Fear River. The company said coal ash at the site “remains in place” but that tiny beads called cenospheres are flowing into the river. The hollow beads, left over from burning coal, are comprised ...

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China’s tech boom at risk over tax hike plan

Bloomberg The venture capitalists of China are starting to get nervous. Venture investments have driven a boom in technology startups over the past five years, but funding has started to slow in recent months. Now the government is floating new tax policies that could hammer investors, persuading some to pull back on cutting deals until they get more clarity. The ...

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New iPhone no help to its assembler Hon Hai

Bloomberg The contrast between Apple Inc.’s ascension to a $1 trillion stock and the share performance of its biggest iPhone assembler just got even starker. Hon Hai Precision Industry Co. has surrendered its position as Taiwan’s second-biggest stock after six years. Concern is mounting for some Taiwanese Apple suppliers, which are struggling to adjust to a new dynamic of higher-priced ...

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Tariff tiff turn soy merry-go-round

Bloomberg President Donald Trump’s trade war with China is turning the global soybean market into a merry-go-round. With Brazilian exports drying up at this time of the year, traders are having to get creative to supply the world’s largest buyer. One strategy is to bring US soy to Argentina and ship the South American nation’s output to China, thereby avoiding ...

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South Korea exports hit one-year high despite trade war

Bloomberg South Korean exports are holding up just fine so far as the US-China trade war escalates, with shipments jumping by the most in a year during the first 20 days of September. Exports rose 22 percent from the same period a year earlier, the biggest increase since September last year, according to preliminary data released by Korea Customs Service. ...

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US drafts order to look into Google, Facebook practices

Bloomberg The White House has drafted an executive order for President Donald Trump’s signature that would instruct federal antitrust and law enforcement agencies to open investigations into the business practices of Alphabet Inc.’s Google, Facebook Inc. and other social media companies. The order is in its preliminary stages and hasn’t yet been run past other government agencies, according to a ...

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Apple planning for ‘in-case-of’ delay in its new London HQ

Bloomberg Apple Inc. is making contingency plans in case construction of its new London headquarters at the iconic Battersea Power Station is delayed, the Times newspaper reported. The iPhone maker has had early-stage talks about extending existing leases and finding temporary bases if needed, the paper said, citing people in the property market that it didn’t identify. The project’s Malaysian-backed ...

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