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  Bloomberg China’s steel juggernaut is picking up speed closer to home. As governments in Europe and the U.S. limited supplies of Chinese metal they said was dumped on the market, the world’s largest producer is expanding exports to its neighbors in Southeast Asia. A third of all Chinese shipments now end up in countries like Vietnam, Thailand and the …

  AFP Family patriarch Ratan Tata sought to reassure rattled investors of stability at India’s biggest conglomerate Tuesday after the sudden sacking of chairman Cyrus Mistry sent Tata company shares falling. Seventy-eight-year old Tata has taken interim charge of the sprawling $100 billion tea-to-steel Tata Group, after Mistry was abruptly dumped on Monday evening, four years after being appointed chairman. …

  Bloomberg The US will capture a higher share of the global wheat market this season as poor weather that’s hurt French and Canadian crops helps the second-largest exporter step up shipments from a 44-year low last season. US wheat exports are forecast to rebound 26 percent in the year that began June 1 to 26.5 million metric tons, according …

  Bloomberg Europe’s ability to sign trade deals with the rest of the world was thrown into doubt after Belgium’s government said it had failed to persuade its regional parliaments to sign up to a proposed pact between the European Union and Canada. Despite weeks of talks, Belgium Prime Minister Charles Michel said he hadn’t convinced the Socialist-controlled, French-speaking region …

  Dubai / Emirates Business Smart Dubai Government Establishment (SDG), the technology arm of Smart Dubai Office which assumes the responsibility for managing and supervising the implementation of Dubai Government’s electronic and smart transformation, revealed the signing of a Memorandum of Understanding (MoU) with Emaratech, an IT and software company, to prepare a work plan and conduct a feasibility study …

  Bloomberg Germany is seeking tighter control over foreign investment in European companies, in a sign of a growing protectionist reaction to China’s appetite for overseas acquisitions. Economy Minister Sigmar Gabriel on Monday reopened a review of the takeover of Aixtron SE, which supplies equipment to the semiconductor industry, by China’s Grand Chip Investment GmbH. That follows calls by Gabriel, …

  Qayyarah / AFP The smoke from fires lit by IS extremists to provide cover from air strikes has painted the northern Iraqi sky black, providing a dramatic backdrop for the Mosul offensive. The use of smoke in warfare is likely as old as war itself but the masks and technology available to Iraqi forces in this conflict leave civilians, …

  Dubai / WAM Expo 2020 Dubai announced on Monday Luxembourg as one of the first countries to formally confirm its participation, raising to 70 the national commitments received from countries from all around the world. The agreement was made at a meeting with HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, during a …

  Dubai / Emirates Business A high profile delegation comprising 25 delegates from Thrissur Chamber of Commerce, India, under the leadership of its President TS Pattabhiraman, Chairman and Managing Director, Kalyan Silks held a high level discussion with officials from Dubai Chamber of Commerce on Monday in Dubai. Announcing this in a press release, Pattabhiraman said that the team from …

  Dubai / Emirates Business Despite a softening in some markets of the GCC construction sector, and slow global oil price recovery, retail industry in the region is expected to see yearly growth between 7 to 12 percent, this on the back of expansions in leisure facilities like theme parks, new malls, as well as mega events like Expo 2020, …