Uncategorized

Bloomberg Chinese private soybean processors purchased about five cargoes from the US this week, according to people familiar with the deals, less than what was expected by the market. The private crushers in the world’s biggest soybean importer bought the cargoes for December and January shipment, said the people, who asked to not be identified as the matter is private. ...

Bloomberg Hangzhou Hikvision Digital Technology Co Ltd’s shares fell by the most in more than a month after China’s securities regulator opened a probe into alleged misconduct by its billionaire vice chairman. The investigation, announced in a filing, deals another blow to the surveillance giant that’s blacklisted by Washington. The Chinese seller of video cameras said the China Securities Regulatory ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai; and H.H. Sheikh Saif bin Zayed Al Nahyan, ...

Abu Dhabi / WAM The strategic partnership between the UAE and Egypt in the field of government modernisation has translated the vision of the two countries’ leaderships in developing a common Arab model of government action according to the best international standards. In April 2018, the United Arab Emirates and the Arab Republic of Egypt launched a strategic partnership to ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), in collaboration with France’s Total, is to deploy drones and unmanned vehicles to collect 3D seismic data as it expands its search for new oil and gas resources throughout the emirate of Abu Dhabi. It will be the first time, in the region, the technology has been used to ...

DUBAI / WAM Austria laid foundation stone for its pavilion in Expo 2020 Dubai, in the presence of Beatrix Karl, Commissioner-General, and Najeeb Mohammed Al-Ali, Executive Director, Dubai Expo 2020 Bureau. As part of Austria’s participation in Expo 2020’s Opportunity District, extensive activities are planned to further deepen the bilateral relations between Austria and UAE, as well as the whole ...

Bloomberg Chancellor Angela Merkel’s government is prepared to make a key concession to security hawks by tightening barriers aimed at Chinese equipment supplier Huawei Technologies Co, according to people familiar with the plans. A draft of security measures being rolled out by the German government aims to block Huawei components from entering the core network of the country’s ultra high-speed ...

Bloomberg Cheaper gas and electricity pushed UK inflation to its lowest rate in almost three years last month, bringing respite for Prime Minister Boris Johnson after two days of disappointing data. Consumer prices rose 1.5% from a year earlier, the smallest increase since November 2016, after a new energy price cap came into force, the Office for National Statistics said ...

Bloomberg Elon Musk picked a glitzy event in Germany, a few hours’ drive from the birthplace of the internal combustion engine, to drop the news before some of the world’s biggest car bosses: Tesla Inc plans to set up shop in their backyard. The billionaire chief executive officer announced that Tesla will round out its global manufacturing network with a ...

Bloomberg China Evergrande Group, the property giant with ambitions to become the world’s biggest maker of electric vehicles, plans to unveil its debut car by June — a year later than first promised. The car, to be sold under the ‘Hengchi’ brand, will debut in the first half of next year, with mass production starting in 2021, the company said ...