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Bloomberg Twelve hours after the UK formally left the European Union, the bloc’s poorer members gathered in an old Franciscan convent in southern Portugal to rally against a looming budgetary shortfall that’s partly due to the loss of British contributions. Brexit is deepening the rift between richer and poorer EU states as they clash on the bloc’s trillion-euro ($1.1 trillion) ...

Bloomberg The libertarian financial website Zero Hedge was permanently suspended from Twitter after it published an article questioning the involvement of a Chinese scientist in the outbreak of the deadly novel coronavirus. On its website, Zero Hedge’s pseudonymous author “Tyler Durden” said he received a notification from Twitter that he had violated “our rules against abuse and harassment.” Earlier, BuzzFeed ...

Bloomberg In July of 2017, International Business Machines Corp executive Arvind Krishna walked into a routine meeting with senior leaders and delivered a surprise pitch that changed the course of the iconic 108-year-old company’s future. For months Krishna, the head of IBM’s cloud computing division, had been thinking about a way to connect clients’ most important data, which was often ...

DUBAI / Emirates Business Leading trade enabler, DP World, UAE Region and Zhejiang Zhidi Holding Ltd. (ZZH or Zhidi Company) of China will jointly explore the establishment of a sophisticated next-generation logistics hub to meet the rising demand for conventional and e-commerce services in Dubai. The memorandum of understanding (MoU) signed between the two sides states that the intent is ...

DUBAI / Emirates Business Dubai Corporation for Tourism and Commerce Marketing (DCTCM), part of Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism), signed a memorandum of understanding (MoU) with the Promotion and Real Estate Investment Management Sector of Dubai Land Department (DLD), as part of a strategic alliance for enhancing cooperation and mutual facilitation of their business ecosystems. Under ...

DUBAI / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) announced that the construction progress on the bridges leading to the entrance of Deira Islands has reached 75 percent. Works cover the construction of three bridges of six lanes in each direction linked with the bridge crossing over ...

ABU DHABI / WAM Making the UAE the first Arab country to deliver safe, clean and peaceful nuclear energy, Barakah is the first major national achievement this year. Nawah Energy Company, the subsidiary of the Emirates Nuclear Energy Corporation (Enec) responsible for the operation and maintenance of nuclear energy plants in the UAE, has confirmed that the World Association of ...

Bloomberg The Senate sent the months-long impeachment inquiry into President Donald Trump to its final stages with a vote to acquit the president set for Wednesday, after Republicans defeated Democrats’ efforts to call new witnesses. Senators will hear closing arguments on Monday from lawyers for both sides, then will have two days for debate before voting at 4 pm on ...

Bloomberg India’s finance minister slashed taxes for individuals and widened budget deficit targets for the current and next fiscal years to help spur a slowing economy. The government will miss its deficit goals for a third year, pushing the shortfall to 3.8% of gross domestic product from a planned 3.3% in the year ending March, finance minister Nirmala Sitharaman said ...

Bloomberg A decline in South Korean exports worsened in January despite signs of green shoots in global trade as the Lunar New Year holiday reduced the number of working days at the end of the month. Exports shrank 6.1% from a year earlier, following a 5.2% drop in December, trade ministry data showed on Saturday. Economists had forecast an 8.6% ...