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Bloomberg A collapse in exports pushed Europe’s largest economy to the brink of recession in the second quarter. In a sign that an increasingly hostile trade war between the US and China is at least partially to blame for Germany’s deepening manufacturing malaise, shipments abroad declined 1.3%, the most in more than six years. That led to a contraction in ...

Bloomberg The International Monetary Fund’s (IMF) record loan to Argentina last year was supposed to turn the page on a troubled history. It’s looking more like a case of déjà vu. Less than two decades ago, Argentina crashed out of an IMF program, defaulted on debt and plunged into depression. As Fund officials arrived in Buenos Aires to assess the ...

Bloomberg Hong Kong’s leader said her government can handle unrest without assistance from Chinese forces, and still wants to hold talks with protesters despite a flare up in violence. “To this day, the SAR [Special Administrative Region] government is still confident it’s able to solve the disturbance that’s gone on for two months,” Chief Executive Carrie Lam told a regular ...

ABU DHABI / WAM Emirati women make up 45 percent of the UAE’s space sector workforce, which reaffirms the government’s commitment to encourage a more diverse career path for Emirati women, said Dr Mohamed Nasser Al Ahbabi, Director-General of the Emirates Space Agency. Speaking to the Emirates News Agency (WAM) on the occasion of Emirati Women’s Day, which is observed ...

Dubai / WAM Brigadier Abdullah Hussain Ahli, Acting Commander-in-Chief of Community Happiness at the Dubai Police, chaired the meeting of the “Support Sector” of the Expo 2020 Dubai. The meeting of the sector, which is one of the expo’s security sectors, along with the operations and criminal investigation sectors, discussed the media plan prepared by the “Information and Communication Committee,” ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec) on Monday released its events calendar for the upcoming season in 2019. Adnec, the emirate’s premier event venue, and the Al Ain Convention Centre (AACC) are gearing up to host world-class exhibitions, conferences and events in Abu Dhabi and Al Ain. Humaid Matar Al Dhaheri, Group CEO of Adnec, ...

DUBAI / WAM A Service Centre at Dubai International Airport’s terminal three witnessed 768 percent increase in number of UAE passport renewals in the past five years, mainly due to the passport’s jump in global ranking and increased awareness among Emiratis, a senior official told Emirates News Agency (WAM). “Emiratis travelling abroad used to ensure that their passports were renewed ...

Bloomberg Indonesia will build a new capital city on the island of Borneo, home to some of the world’s biggest coal reserves and orangutan habitats, as President Joko Widodo seeks to ease pressure on congested and sinking Jakarta. The new administrative headquarters will be located between North Penajam Paser and Kutai Kartanegara in East Kalimantan, Jokowi, as the president is ...

Bloomberg Singapore is weighing options including the issuance of government bonds to fund the S$100 billion ($72 billion) it could take to fight rising sea levels over the next century. In the short-term, funding for projects such as a S$400 million upgrade to the city-state’s drainage systems to boost flood resilience will come from ministry-level expenditures, Minister for the Environment ...

Bloomberg US President Donald Trump said trade talks with China are back on after Beijing requested negotiations, easing immediate tensions after a weekend of tit-for-tat tariffs rocked financial markets and fuelled fears that the standoff would drag the global economy into recession. Speaking at the Group of 7 meetings in Biarritz, France, Trump said US officials received two “very productive” ...