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Bloomberg Google, Twitter Inc. and Facebook Inc. have taken significant steps to expunge IS propaganda and other terrorist content from their platforms. But taking no chances, the European Union (EU) is set to propose a tough new law anyway — threatening internet platforms, big and small, with fines if they fail to take down terrorist material, according to people familiar ...

Bloomberg The US is now making “absolutely amazing’’ progress toward renegotiating the North American Free Trade Agreement (Nafta), and a deal could come as early as this fall, according to White House Council of Economic Advisers Chairman Kevin Hassett. “My guess is that we will see something by the fall,’’ Hassett said in an interview that aired Saturday on Fox ...

Bloomberg An escalating trade spat between the US and the European Union may be starting to leave its mark in France. Exports of manufactured goods from the country dropped in July for the first time in almost two years, IHS Markit said, noting the decline coincides with reports that global trade tensions are weighing on external demand. A gauge of ...

Bloomberg Harley-Davidson Inc. cut its forecast for profit margin this year, adding to its predictions of damage done by President Donald Trump’s trade war. Operating margin will drop to between 9 percent and 10 percent this year due to the expected impact of tariffs, the Milwaukee-based manufacturer said in a statement. The company had been projecting a margin of as ...

Bloomberg US farmers will see the first payments of a $12 billion subsidy program designed to shield them from a burgeoning trade war starting in September, Agriculture Secretary Sonny Perdue said. “The mitigation payments will be eligible in September in some degree and into October and the fall,” Perdue said on the sidelines of an event at the U.S. Embassy ...

Bloomberg President Nicolas Maduro announced a two-week delay to a planned currency redenomination to August 20, when Venezuela will lop five zeroes off the refurbished bolivar and also link it to the country’s Petro cryptocurrency. By “anchoring” the Sovereign Bolivar, as the new currency will be called, the Petro will help stabilize the economy, Maduro said in a speech on ...

Bloomberg Robots could destroy about 7 million existing UK jobs but create at least that many more over the next two decades, according to analysis by PricewaterhouseCoopers. There will still be winners and losers. Worst hit will be manufacturing, which could see 25 percent of current staff cut by 2037 because of artificial intelligence and related technologies, the report said. ...

HODEIDAH / WAM The Emirates Red Crescent (ERC), has sent an urgent relief convoy to the Tuhaita District and other liberated areas of the historic Zubid city in the governorate of Hodeidah as part of the UAE’s emergency relief response to the humanitarian situation in the Red Sea Coast liberated areas. The ERC said the urgent food assistance includes food ...

Bloomberg Major car-producing nations are due to meet without the US to discuss possibly coordinating their response to President Donald Trump’s threat of tariffs. Representatives of the European Union, Canada, Mexico, South Korea and Japan will convene in Geneva on July 31 to debate how to respond if the US imposes levies on car imports, as well as prospects for ...

NEW DELHI / WAM The UAE and Invest India have on Saturday signed a Memorandum of Understanding for the India – UAE Artificial Intelligence Bridge which is dedicated to spur discussion and explore options for both countries to grow their artificial intelligence economies. This partnership will generate an estimated $20 billion in economic benefits during the next decade. Omar bin Sultan ...