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Bloomberg Myanmar’s military government rebuffed a plan by Southeast Asian leaders to help end violence in the country, saying any “suggestions” would need to fit with the junta’s stated roadmap and come after “stability” is restored. Leaders of the 10-member Association of Southeast Asian Nations, including coup chief Min Aung Hlaing, appeared to reach a five-point “consensus” on Myanmar during ...

Abu Dhabi / WAM The implementation team of the Hazardous Materials Monitoring Programme in Abu Dhabi has completed the inventory and classification of hazardous materials. They have checked the preventive and safety measures in the stores selling hazardous materials and taken appropriate corrective measures. The team was led by Brigadier Humaid Saeed Alefreet, Deputy Director of Security and Ports Affairs ...

Abu Dhabi / WAM The UAE on Monday sent an aid plane containing 49 metric tons of food to Mauritania as part of its humanitarian initiatives during the Holy Month of Ramadan to assist those facing humanitarian challenges resulting from the Covid-19 pandemic. Hamad Ghanem Al Mehairi, UAE Ambassador to the Islamic Republic of Mauritania, said, “The UAE constantly seeks ...

Sharjah / WAM The Hamriyah Free Zone (HFZA)-based Awail Al-Sham, owner of the Al Awail brand for prayer times clock and other innovative e-products, has announced that its products have become available in 100 markets worldwide, as opposed to 50 markets in 2013, the year in which the company has opted for the HFZA as its new headquarters, achieving a ...

Bloomberg China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan. The State Administration for Market Regulation (SAMR) announced the investigation, which began recently, in a statement. The antitrust watchdog is looking into alleged abuses including forced exclusivity arrangements known as “pick one of two.” The company ...

Bloomberg As global banks make inroads into China’s $15 trillion asset management market, China International Capital Corp is launching a counter-offensive spanning from overseas acquisitions to hiring. CICC is searching for potential targets among medium-sized, Asia-focused managers including stock houses and hedge funds, said Frank Xu, head of asset management. Without takeovers, the size of his business line is already ...

Bloomberg Ronnie Screwvala pioneered cable television in India in the 1980s and then built a unicorn that was acquired by Walt Disney Co. At 64, the entrepreneur’s latest venture UpGrad is speeding towards a landmark $1 billion valuation. The higher education and upskilling startup raised $120 million from Singapore-based investor Temasek Holdings Pte, according to its co-founder. That’s the first ...

Bloomberg With the US dragging its feet in offering India help to combat the world’s worst virus crisis, China is moving to drive a wedge between the democratic security partners. In a barrage of editorials, political cartoons and social-media posts in recent days, the Communist Party-backed Global Times newspaper blasted the US for failing to provide aid while calling on ...

Bloomberg Prime Minister Mario Draghi goes to Parliament to present details of his 235 billion-euro ($284 billion) plan to re-engineer Italy’s economy that will be a test of the European Union’s (EU’s) post-pandemic recovery fund. Draghi’s plan taps 191.5 billion euros in EU grants and loans plus 30 billion euros in domestic funding and other small amounts of separate EU ...

Bloomberg Finland’s government is set to resume talks on its economic stance after coming close to a breakup during the weekend. The negotiations intended to hammer out a spending framework for the next four years ended up exposing tensions within the five-party coalition half way through its term. Social Democrat Prime Minister Sanna Marin and the left-leaning parties are pushing ...