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Bloomberg Finance chiefs from the world’s leading economies met in Buenos Aires at the weekend as trade tensions threaten to undermine the fastest growth in seven years. Finance ministers and central bank chiefs met after US President Donald Trump accused Beijing and the European Union of gaming their currencies to boost exports. He also attacked the US Federal Reserve for ...

Bloomberg Trade tensions threaten global growth as the engines of leading economies fall out of sync, the world’s top finance chiefs warned. Global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased, finance ministers and central bankers from the Group of 20 nations said in a statement published ...

Bloomberg Atos SE agreed to buy Syntel Inc. for about $3.4 billion in a cash deal that would give the French computer-services company access to large US financial customers including American Express Co. and State Street Corp. Bezons, France-based Atos will pay $41 a share for the US information technology firm, the companies said in a joint statement. The per-share ...

Bloomberg The UK Treasury began its search for a manager to oversee a new 400 million-pound ($526 million) fund that will encourage drivers to switch to electric vehicles (EV) by building charging infrastructure. The Charging Infrastructure Investment Fund manager will be tasked with raising 200 million pounds from the private sector to match the same amount of money set aside ...

Bloomberg Tesla Inc. asked some suppliers to return a portion of its payments to them in an attempt by the electric-car maker to turn a profit, the Wall Street Journal reported, citing a memo sent to a supplier last week. The company, whose eroding cash position has alarmed investors, requested a “meaningful” amount of payments made since 2016 to be ...

Bloomberg American manufacturers remain competitive and lower goods exports aren’t solely to blame for a widening US trade deficit and fewer manufacturing jobs, according to analysis by Goldman Sachs Group Inc. It sees three key factors explaining the burgeoning trade gap and fall in production jobs: Unit labor costs in manufacturing have grown slowly, reflecting a surge in productivity growth ...

HODEIDAH / WAM The Director of the UN Office for the Coordination of Humanitarian Affairs (OCHA) in Aden, has praised the UAE’s humanitarian and relief efforts through the Emirates Red Crescent (ERC) in Hodeidah Governorate and the Red Sea Coast of Yemen. This came during a meeting with Saeed Al Kaabi, UAE Humanitarian Operations Director for Yemen, where the UN ...

Abu Dhabi / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Executive Council of Abu Dhabi, issued a Resolution restructuring the Board of Directors of the Environment Agency — Abu Dhabi (EAD) under the chairmanship of HH Sheikh Hamdan bin Zayed Al ...

Bloomberg Two United Arab Emirates airlines have held talks with South African Airways about a partnership that it says is needed to revive its business, City Press reported, citing the UAE ambassador to South Africa. Talks between Emirates Airline and SAA, which have been going on for some months, are being facilitated by the UAE’s embassy in Pretoria, the Johannesburg-based ...

RAS AL KHAIMAH / WAM The Ras al-Khaimah Tourism Development Authority (RAKTDA) on Sunday announced a 14 percent increase in international visitors during the first six months of the year. These figures are larger than United Nations World Tourism Organisation (UNWTO) forecast of 4 percent tourism growth in the Middle East in H1 and demonstrates the ongoing strength of Ras ...