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Bloomberg Two sweeping goals have dictated the direction of China’s economic policy during President Xi Jinping’s presidency: Doubling per-person GDP and household incomes over the 10 years ending this December and containing an explosion in debt. Tiptoeing between the two conflicting ambitions hasn’t been easy, especially last year as the trade war with the US deepened. Yet policy restraint held ...

Bloomberg Sony Corp raised its profit forecast for the second time this fiscal year, boosted by strong demand for the image sensors that power smartphone cameras. Operating income will probably reach 880 billion yen ($8.1 billion) in the year ending on March 31, compared with the 840 billion yen Sony forecast in October and the 877 billion yen average of ...

Bloomberg Kim Jong-un has spent much of his time as North Korea’s leader developing bigger and more advanced nuclear weapons. This year, he may try to make them harder to find by putting them under the sea. Recent North Korean reports touting a new submarine and its test of a ballistic missile designed to be launched from one have fuelled ...

Bloomberg The Trump administration is going ahead with controversial new rules that would clear the way for the US to start applying punitive tariffs on goods from countries accused of having undervalued currencies, the Commerce Department said. The move would give new muscle to US complaints about currency manipulation that have in the past targeted economies like China and Japan ...

Bloomberg Huawei Technologies Co and ZTE Corp asked US regulators to keep them off a list of companies deemed national security threats, a label that would bar the Chinese telecommunications equipment makers from selling gear to subsidised US carriers. Mobile broadband providers separately told the Federal Communications Commission that it would be costly for them to replace gear made by ...

Bloomberg The world’s biggest trading bloc shouldn’t rush into more ambitious climate targets this decade without assessing how lower emissions could impact the economy, according to a top European Union (EU) lawmaker. With the EU preparing to forge its flagship Green Deal into law later this month, European People’s Party Parliamentarian Peter Liese said his party wants to see how ...

ABU DHABI / WAM The United Arab Emirates announced on Monday the discovery of 80 trillion standard cubic feet (TSCF), of shallow gas resources in place within the area between Saih Al Sidirah and Jebel Ali in the Emirates of Abu Dhabi and Dubai respectively. This new discovery reinforces the nation’s goal of achieving gas self-sufficiency, enabling major development projects ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured the winners of the second Emiratisation Award at the Emirates Palace. The ceremony was attended by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and HH ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that promoting environmental protection requires achieving a balance between economic and social growth, protecting the environment and ensuring the sustainability of its natural resources, noting that the leadership will stay the course laid by the nation’s Founding Father Sheikh Zayed bin Sultan Al Nahyan to ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) honoured its strategic partners and various business leaders, on the sidelines of the 14th Ambassadors and Heads of Diplomatic Missions Forum, in the presence of Ahmed Ali Al Sayegh, Minister of State. At the start of the event, which aimed to appreciate the efforts of the honourees ...