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Bloomberg Hong Kong’s economy continues to defy its skeptics. It was meant to be the year when monetary tightening from the Federal Reserve, which dictates the city’s interest rates thanks to the local currency’s peg to the greenback, would prick a property bubble. And it was assumed that mainlanders would keep a firm grasp on their wallets, hurting sales across ...

Bloomberg UK Chancellor of the Exchequer Philip Hammond will announce a plan to increase house building by almost 40 percent as his Conservative Party seeks to woo younger voters with promises to give them the same home-ownership opportunities as their parents. The government hopes to see 300,000 new homes a year—an increase from the 217,000 built in the past fiscal ...

Bloomberg The Trump administration reiterated its goal to reduce the trade deficit with its NAFTA partners in revised negotiating objectives, while adding in proposals it made during talks that were opposed by Canada and Mexico. The US wants reciprocal market access for manufactured goods as part of its push to improve its trade balance with Canada and Mexico, the office ...

Bloomberg New sport utility vehicles like the Peugeot 5008 and a jump in demand in France helped revive European car sales in October, offsetting another month of consumer unease in the UK on big-ticket purchases. Registrations rose 5.9 percent from a year earlier to 1.21 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said in a statement. This ...

Bloomberg US Thanksgiving travel will jump to the highest level since 2005 boosted by a stronger economy, even as gasoline prices will be higher than a year earlier. About 50.9 million Americans will journey 50 miles or more from home for the November 22-November 26 holiday period, the ninth consecutive increase and a 3.3 percent jump over a year earlier, ...

Bloomberg Envoys from almost 200 nations agreed to step up the pace of their work on reining in global warming even without additional help from the world’s richest polluter. Two weeks of discussions organised by the United Nations concluded, after talks were delayed by a grammatical error in the draft text. The delegates, drawn from energy and environment ministries set ...

ABU DHABI / Emirates Business Agriscape 2017, the first international exhibition on agricultural investments abroad, wrapped up a highly successful inaugural edition at Rosewood Abu Dhabi, facilitating business deals worth over AED4 billion during its two-day run. Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the event drew ...

Dubai / WAM Trade between Jafza and France grew $1.5billion in 2016 up from $1.3billion that was recorded in the previous year. There are more than 130 French companies operating from Jafza, ranging from healthcare, equipment, oil & gas, cars and transportation. Almost one-third of UAE trade with France involves companies operating in Jafza, a subsidiary of global trade enabler ...

ABU DHABI / WAM Developmental projects worth nearly AED200 million have been appro- ved by the Follow-up Committee of the Initiatives of the UAE President. The approval comes in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the orders of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Dubai / Emirates Business Etihad Energy Services Company (Etihad ESCO) has been awarded the development, and installation of solar photovoltaic (PV) systems to be installed at Dubai Electricity and Water Authority (DEWA) water reservoirs. The installation of solar PV systems on DEWA’s water reservoirs will reduce the Emirate’s carbon footprint and increase the proportion of solar power in Dubai’s energy ...