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Bloomberg China has ordered all travel agencies to suspend sales of domestic and international tours as part of an effort to contain the spread of a novel coronavirus that has killed 25 and sickened hundreds. The Ministry of Culture and Tourism ordered travel agencies and tourism companies to stop selling tour packages beginning from January 24, according to a document ...

Bloomberg A US proposal to further restrict sales to China-based Huawei Technologies Co has encountered objections within the Trump administration and is being held up as officials debate whether the step could harm exporters, a person familiar with the process said. Commerce Secretary Wilbur Ross said new rules coming soon will put more limits on technology sales to Huawei, which ...

Bloomberg In deciding where to dine out in Hong Kong these days, many local residents are turning to a Yelp-like mobile app: Not for reviews of food or service, but to separate “yellow” from “blue” eateries. After more than seven months of unrest, even choosing a restaurant has become political in Hong Kong. Of 3,000 eateries listed on the app, ...

ABU DHABI / WAM The Ministry of Finance (MoF), announced on Wednesday morning the results of the 2018 Consolidated Annual Report of the federation, and the final accounts of independent entities. The announcement came alongside the ministry’s participation in the Federal National Council’s third meeting, which took place in Abu Dhabi. The report stated the value of revenues reached AED56.1 ...

DAVOS / WAM The UAE on Wednesday announced that it will co-host the world’s biggest humanitarian event on 26th September 2020. Dubai will host one of ten simultaneous live events organised by Global Citizen, the international organisation that aims to build a movement to end extreme poverty by 2030. The news was announced as part of the UAE delegation’s participation ...

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO) on Wednesday announced AED60 million of investment in the latest batch of startups and fund managers applying to its Ventures Fund. The recipients, Securrency, TruKKer, Sarwa, YACOB and Okadoc, are innovation-focused companies that are either based in Abu Dhabi or expanding into the emirate. ADIO also signed its first investment ...

SHARJAH / WAM Sheikh Khalid bin Essam Al Qasimi, Chairman of Department of Civil Aviation Sharjah, on Wednesday inaugurated the 16th International Education Show 2020 (IES 2020), which is being organised and hosted by the Expo Centre Sharjah, with the support of the Sharjah Chamber of Commerce and Industry (SCCI) and the Ministry of Education and Sharjah Education Private Authority. ...

Bloomberg President Donald Trump is gearing up another attempt at trade talks with the European Union (EU) and is hopeful the two can reach a “big trade deal,” with the head of the European Commission calling on the sides to draw on their similarities as the process unfolds. “A deal between ourselves and essentially Europe is something we all want ...

Bloomberg UK Chancellor of the Exchequer Sajid Javid presided over the continued easing of austerity last month as departmental spending rose at its fastest pace for any December since 2003 — when Tony Blair was prime minister. The 10.5% increase from a year earlier came as the government pumped money into pay rises in the state-run National Health Service. It ...

Bloomberg Apple Inc suppliers plan to begin assembling a new low-cost iPhone in February, people familiar with the plan said, as the company looks to address a wider swath of the global smartphone market ahead of its 5G handsets later this year. The Cupertino, California-based company is expected to officially unveil the new phone as early as March, one person ...