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Bloomberg World leaders reached a compromise on trade at the Group of 20 summit as officials agreed to fight protectionism while tacitly recognizing US President Donald Trump’s concerns about excess steel capacity and what he says are unfair trade practices. Hours after the agreement was struck early on Saturday, the final statement nonetheless left the U.S. isolated on climate change, ...

Bloomberg Allianz SE, Europe’s biggest insurer, is partnering with Columbia Property Trust Inc. to create a $1.26 billion joint venture for US real estate. The Munich-based insurer contributed an office tower at 114 Fifth Ave. in Manhattan that’s valued at $220 million to the partnership, Allianz’s real estate unit said in a statement. Columbia added University Circle, a $540 million ...

Bloomberg Mexico is no longer the biggest buyer of corn from the US, a sign that trade tensions are pushing American grain toward other markets while its southern neighbor lines up new suppliers. Sales to Mexico through May were $1.04 billion, down 6.7 percent from a year earlier, the US Department of Agriculture said in a monthly update. That contrasts ...

Bloomberg The Trump administration is considering easing steeper fines proposed by Obama-era regulators for automakers that don’t meet tougher fuel economy standards, a move that would give a break largely to luxury brands like Jaguar, BMW and Porsche that have paid the highest penalties in the past. The National Highway Traffic Safety Administration said in a regulatory filing it will ...

CAIRO / Reuters Foreign ministers from the four Arab states leading the boycott of Qatar expressed disappointment on Wednesday with the tiny Gulf nation’s “negative” response to their demands, but did not announce new sanctions against Doha. “The response the four states got was overall negative and lacked any content. We find it did not provide a basis for Qatar ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) has launched a web application to help customers easily decide on the installation of photovoltaic (PV) panels on their rooftops to generate electricity from solar power. Introduced under the ‘Shams Dubai’ initiative, the application, dubbed ‘Shams Dubai Calculator’, will provide detailed comparisons and additional information to help consumers conveniently and smoothly ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) declared its technical and logistical readiness to provide general clearing service, in a move to improve performance of financial markets in the UAE and promote them among global markets over the coming period. The Securities and Commodities Authority (SCA) had granted Emirates NBD, the license for the service after modifications on ...

Dubai / Emirates Business A UAE delegation headed by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment (MOCCAE), is taking part in the FAO Conference 40th Session, attended by His Excellency Saqer Nasser Al Raisi, UAE Ambassador to Italy and the Permanent Representative to the United Nations’ Agencies in Rome. The 40th Session of ...

Abu Dhabi / WAM Safety of tyres and passenger vehicles was the crux of a workshop organised recently by the Ministry of Economy (MoE) as part of ongoing collaboration among all state departments concerned at the local and federal levels to ensure consumer safety and protection against all forms of commercial fraud.. The workshop was organised in collaboration with the Emirates ...

Abu Dhabi / Emirates Business The Ministry of Health and Prevention (MOHAP) issued 11 warnings against the use of fake pharmaceutical products marketed as food supplements and sexual enhancement products for men. The products contain undeclared ingredients and pose a high risk to patients with heart disease, diabetes, dyslipidemia, and those taking drugs containing nitrate. Dr Amin Hussein Al Amiri, ...