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Bloomberg In the agriculture world, news of the partial US-China trade deal has sparked a lot of buzz about soybeans. It turns out, wheat could actually end up being a bigger surprise winner. Speculations is mounting that China will work to fill its wheat-buying quota as part of the detente, a pledge it failed to stick to in the past. ...

Bloomberg A New York University cardiologist claims Apple Inc’s Watch uses his patented heartbeat-monitoring invention and he wants compensation. Dr Joseph Wiesel, who teaches at NYU School of Medicine, filed a suit recently against the tech giant, in federal court in Brooklyn. Wiesel claims the Apple Watch infringes his patent for a method to detect an irregular heartbeat. Apple promotes ...

Bloomberg Amazon.com Inc’s purchase of a minority stake in UK food startup Deliveroo faces a British probe in another sign of mounting antitrust scrutiny of American tech giants. The Competition and Markets Authority said it’s opening an in-depth investigation of Amazon’s investment of about $500 million, saying it risked a “substantial lessening” of competition “in the supply of online food ...

Bloomberg The US denied a report that it’s demanding South Korea pay as much as 20% more to host American troops, as funding talks between the two nations continue. The 10%-20% figure referred to in Korean media is “ungrounded speculation,” a Trump administration official said by email. US negotiators will seek a “fair and equitable” outcome at the next round ...

Bloomberg Tesla Inc will start delivering China-built cars on Monday, a major milestone for Elon Musk’s company as it expands in the world’s largest electric-vehicle market. The first 15 units of Model 3 sedans assembled at Tesla’s new multi-billion-dollar Shanghai plant — its first outside the US — will be delivered to company employees on December 30, capping several months ...

Bloomberg Japan’s financial regulator ordered a three-month suspension of insurance sales by two units of Japan Post Holdings Co as punishment for improper sales practices. The Financial Services Agency said it found examples of Japan Post customers being sold unduly expensive policies, without proper explanation of what they were buying. The penalty applies to the group’s mail and insurance subsidiaries, ...

Abu Dhabi / WAM The Central Bank of the UAE (CBUAE), signed a Memorandum of Understanding (MoU), with Emirates Foundation to roll out financial literacy programmes through Emirates Foundation’s ‘Esref Sah’ programme, which aims to raise financial awareness among youth and educate them on ways of managing their finances. The MoU was signed by Saif Hadef AlShamsi, Deputy Governor of CBUAE, ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of Dubai Sports Council, has said that the emirate pays special attention to its sports sector. This attention, he explained, is reflected in the growing number of local and international competitions and events that Dubai hosts, as ...

Dubai / WAM The Director-General of Dubai Customs Ahmed Mahboob Musabih has held a meeting with Adamu Aba Bajnan, Consul-General of Benin in Dubai. The two discussed means of boosting bilateral trade and customs cooperation between Benin and Dubai. “It’s very important for us to boost ties of partnership with Beninese diplomatic missions and businesses. We have priorities which include ...

NUR-SULTAN / WAM Nursultan Nazarbayev, First President of Kazakhstan, has received Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan. During the meeting, which took place at Nazarbayev’s palace in the Kazakh capital, Nur-Sultan, both sides discussed bilateral ties, which have witnessed significant development in recent years, particularly following signing of a mutual visa exemption agreement for citizens ...