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Bloomberg Hong Kong’s economy is set to contract in the fourth quarter as the city reels from six months of violent social unrest, the financial chief said on Sunday. “Based on the situation of these few months, it is inevitable that negative growth will continue,” Financial Secretary Paul Chan said in a blog post. “This means the government will be ...

Bloomberg China is expanding its generic drug-procurement programme to include an additional 33 drugs, pitting domestic and international drugmakers in a price war that could see Chinese players dominate. Less than three months after China went nationwide with a pilot bulk-buying programme for 25 medicines, the government on Sunday announced a second batch of 33 drugs treating everything from diabetes ...

Bloomberg India may roil the global sugar market again as prospects for next year’s cane crop have brightened due to brimming reservoirs. Bountiful monsoon rains this year have led to above average water levels in reservoirs, which will in turn boost the amount of sugar cane that’s planted, according to industry and Indian government officials. Sugar output in the country ...

DUBAI / WAM A new survey on local perceptions of Dubai’s brand has revealed that the city is home to the most vibrant creative sector in the region. The survey, which looked at perceptions of Dubai’s creative sector among UAE-based arts and culture professionals and consumers in comparison to other countries in the region, was commissioned by the Dubai Culture ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), opened on Saturday Al Qudra-Lehbab Roads Interchange Development Project. Works covered building a flyover providing free traffic in all directions and improving the traffic flow on both Al Qudra and Lehbab Roads. Lehbab Road is a strategic traffic corridor that provides a traffic solution for motorists heading to Expo Road, Jafza, ...

Abu Dhabi / WAM Voting for the logo of the UAE Nation Brand will continue until December 31, marking the end of 2019. The UAE Nation Brand has so far attracted an overwhelming 7.2 million votes in less than two weeks since its launch to select the logo that will represent the country to the world. The public cast their ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), announced on Saturday that it is providing $300 million in development aid to the Hashemite Kingdom of Jordan. The move comes following the directives of President President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with the support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...

Bloomberg In the agriculture world, news of the partial US-China trade deal has sparked a lot of buzz about soybeans. It turns out, wheat could actually end up being a bigger surprise winner. Speculations is mounting that China will work to fill its wheat-buying quota as part of the detente, a pledge it failed to stick to in the past. ...

Bloomberg A New York University cardiologist claims Apple Inc’s Watch uses his patented heartbeat-monitoring invention and he wants compensation. Dr Joseph Wiesel, who teaches at NYU School of Medicine, filed a suit recently against the tech giant, in federal court in Brooklyn. Wiesel claims the Apple Watch infringes his patent for a method to detect an irregular heartbeat. Apple promotes ...

Bloomberg Amazon.com Inc’s purchase of a minority stake in UK food startup Deliveroo faces a British probe in another sign of mounting antitrust scrutiny of American tech giants. The Competition and Markets Authority said it’s opening an in-depth investigation of Amazon’s investment of about $500 million, saying it risked a “substantial lessening” of competition “in the supply of online food ...