Bloomberg The Brexit battle between the UK and the European Union (EU) resumed as British leader Boris Johnson clashed with the bloc’s chief negotiator Michel Barnier at the start of 11 months of talks on a future trade deal. The pound fell. Barnier said in Brussels that a “highly ambitious†trade deal is on offer for the UK — but ...
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Merkel’s Huawei plan gets pushback from within her own ranks
Bloomberg Chancellor Angela Merkel’s efforts to rule out a ban on Huawei Technologies Co have hit a wall of resistance in parliament. While the UK and the European Union introduced policies that allow Huawei’s partial participation in next-generation wireless networks, Merkel has failed to forge a compromise with hard-line lawmakers in her Christian Democratic-led bloc who want to ban China’s ...
Read More »UK manufacturing output avoids contraction
Bloomberg UK manufacturing output unexpectedly avoided a contraction for the first time since April at the start of 2020, providing further evidence that ebbing political uncertainty is supporting the economy. IHS Markit said its Purchasing Managers Index for the sector climbed to 50 in January, right at the level that separates contraction from expansion. That’s also an improvement from an ...
Read More »UAE, Mauritania keen to advance relations
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Sunday, President Mohamed Ould Ghazouani of Mauritania. Ghazouani is on an official state visit to the UAE. The Mauritanian President was accorded an official reception ceremony upon arrival where the Mauritania national ...
Read More »UAE supports all efforts to ensure permanent solution in Palestine
CAIRO / WAM Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, has underlined the UAE’s support for all efforts aimed at finding a permanent and comprehensive solution to the Palestinian cause, underscoring the importance of prioritising reason and addressing current developments wisely. He called for direct negotiations between the Palestinians and Israelis, noting that dialogue is an ...
Read More »Dubai region’s first to host Kauffman Fellowship Summit
DUBAI / WAM Dubai will become the first city in the Middle East and North African (Mena), to host Kauffmann Fellows Summit, announced the Dubai Future Foundation on Sunday. The globally renowned non-profit fellowship programme will take place from February 9-12, as the Emirate of Dubai fortifies its reputation for convening the world’s top talent to power a knowledge-based economy. ...
Read More »Abu Dhabi to scatter1m native wild plant seeds
ABU DHABI / WAM More than one million seeds of native wild plant species will be scattered across Abu Dhabi by the Environment Agency – Abu Dhabi (EAD) across four different locations. The move comes as part of the EAD’s aim to rehabilitate natural habitats, support seed stock in different types of soils and enhance the plant cover of selected ...
Read More »First coronavirus death outside China reported in Philippines
Bloomberg A 44-year-old Chinese male from Wuhan died in the Philippines on February 1 from the novel coronavirus, the first death recorded outside of China, the World Health Organization (WHO) said on Sunday. The man arrived in the Philippines on January 21 accompanying the country’s first confirmed case, a 38-year-old woman, after they had travelled from Wuhan via Hong Kong, ...
Read More »Samsung profit slides 38% with memory-chip slump
Bloomberg Samsung Electronics Co reported a 38% decline in profit due to falling memory chip prices, a warning sign for the global technology industry as it navigates trade tensions and the coronavirus outbreak. Net income tumbled to 5.23 trillion won ($4.4 billion) for the three months ended in December, compared with the 5.31 trillion won average of projections. The miss ...
Read More »US criticises UN agencies for Taiwan exclusion amid virus
Bloomberg US politicians, including Senators Mitt Romney and Cory Gardner, criticised international organisations for excluding Taiwan amid a global effort to curb the spread of the deadly coronavirus. China has placed pressure on the World Health Organization (WHO), International Civil Aviation Organization (ICAO) and International Criminal Police Organization to exclude Taiwan from discussions, Romney said, echoing calls for immediate inclusion ...
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