ÂÂÂÂÂÂÂÂÂÂÂBloomberg The quest to renew NAFTA is slowing to a crawl as Canada and Mexico tiptoe around America’s most controversial proposals, throwing into doubt the ability of the three nations to reach a quick deal. The US is frustrated with the reluctance of Canada and Mexico to present counter-proposals on key issues such as regional content rules for cars, which …
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Paris, Amsterdam emerge Brexit winners
Bloomberg France and the Netherlands won the contests to host two London-based European Union agencies in the first concrete political victories in the battle for Brexit spoils. The EU’s banking authority will move to Paris and the medicines regulator will relocate to Amsterdam by the time Britain departs from the 28-nation bloc in March 2019. The two cities emerged victorious …
Read More »Thanksgiving staple head for compost heap on US surplus
Bloomberg Cranberries might be a staple on Thanksgiving tables, but a glut of US supplies has gotten so large that fruit could be headed to the compost pile. Just as demand is hitting its seasonal peak, American processors are anxiously awaiting government approval that would allow them to turn excess fruit into fertiliser. The programme would be the first of …
Read More »May wants something in return as Brexit money offer set to rise
Bloomberg Prime Minister Theresa May is ready to put more money on the table to settle the Brexit divorce bill — but the Brits are plugging away at get-ting the European side to give her something in return. “We’re headed in the right direction and what matters now is that the UK and EU take a step forward together,†James …
Read More »Mohamed, Russian Deputy PM discuss ways to enhance ties
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Dmitry Rogozin, Deputy Prime Minister of Russia, at Qasr Al Bahr in Abu Dhabi. Sheikh Mohamed welcomed the visiting Russian Deputy Prime Minister and discussed bilateral relations and ways to enhance …
Read More »MoFAIC launches ‘humanitarian emergency response manual’
Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC), launched the third edition of the Humanitarian Emergency Response Manual, in cooperation with the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA). The new edition complies with the latest developments in the humanitarian sector and the emergence of new factors, which include climate change, conflicts …
Read More »Exhibition on ‘Birmingham Quran’ opens in Abu Dhabi
ABU DHABI / Emirates Business A digital exhibition of the manuscript of the ‘Birmingham Quran’, one of the oldest surviving parts of the Quran in the world, was inaugurated at the Umm Al Emarat Park in Abu Dhabi. The manuscript includes parts of Surahs 18-20 of the Quran, written in ink on parchment using an early Arabic Hijazi script. Part …
Read More »Schneider Electric showcases latest oil, gas solutions at ADIPEC
DUBAI / Emirates Business Real-time data captured from the field and conveyed to the cloud via sensors and analytical engines can impact the profitability of entire oil and gas (O&G) businesses. Building around this concept, Schneider Electric, the global specialist in energy management and automation, marks its seventh outing at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. …
Read More »Mom-and-pop pile into Hong Kong IPOs in $163bn bonanza
Bloomberg Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. That’s equal to more than three quarters of the territory’s monetary base. The most popular was China Literature Ltd., a local …
Read More »Duterte invites China to enter Philippine mobile-phone market
Bloomberg Philippine President Rodrigo Duterte has invited Chinese companies to take a role in the country’s wireless communications industry to add a third carrier to compete with PLDT Inc. and Globe Telecom Inc. Duterte offered China the right to operate in the Philippines during his bilateral talks with Chinese Premier Li Keqiang, Duterte spokesman Harry Roque told reporters in Manila …
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