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Bloomberg The decision by a Chinese court to temporarily ban some sales by Micron Technology Inc. adds to a series of setbacks for the world’s chipmaking giants in their most important market. Micron, which has been caught up in dueling intellectual property lawsuits with United Microelectronics Corp., received a preliminary injunction from the Fuzhou Intermediate People’s Court in Fujian province ...

Bloomberg China said that it wouldn’t implement tariffs ahead of the US on Friday, after previous arrangements put it on course to do so. “We will never fire the first shot and will not implement tariffs ahead of the US,” the Ministry of Finance said in a statement, after media reported that Beijing would start levying tariffs hours ahead of ...

Bloomberg US lawmakers plan to pressure the Trump administration to closely scrutinise T-Mobile US Inc.’s planned purchase of Sprint Corp., arguing the acquisition poses a threat to American security because the owner of Sprint has ties to Chinese telecommunications company Huawei Technologies Co. A draft letter to Treasury Secretary Steve Mnuchin, who leads a US national security review of the ...

Bloomberg The UK’s dominant services sector grew at the fastest pace in eight months in June, driving a bounce back in the nation’s economy and boosting the case for a Bank of England rate increase as soon as next month. The unexpected gain in the gauge of activity followed reports this week showing faster growth in manufacturing and construction. IHS ...

Bloomberg It’s no secret that Google is set for another round of hefty antitrust fines. The decision could come as soon as July 18, judging by the gaping hole in the European Commission’s calendar the week after US President Donald Trump visits Brussels. But while the size of the penalty will grab the headlines — after last year’s record 2.4 ...

NEW YORK / WAM At a critical United Nations General Assembly meeting, the UAE reaffirmed its shared commitment to the “Responsibility to Protect.” “With the passing of time, historical memory of atrocities and crimes against humanity fades – and the significance of ‘never again’ wanes. However, we must not forget the events, actions, and inaction that led to such atrocities, ...

Dubai / WAM Dubai FDI, the investment development agency of Dubai Department of Economic Development (DED), signed a Memorandum of Understanding (MoU), with VFS Global, one of the leading specialists on visa processing, identity and citizen services with presence across 139 countries to facilitate administrative processing requirements of investors, including visa and other documentation services. The partnership with VFS Global ...

Dubai / Emirates Business The state of the UAE’s non-oil private sector improved to the greatest extent in the year-to-date, buoyed by strong inflows of new business and output growth. Promotional activity helped to stimulate client demand, reflected by new order books expanding at the fastest pace since December last year. Despite companies ramping up output, backlogs of work built ...

Dubai / WAM Dubai Electronic Security Centre (DESC), is set to launch the first of its kind ‘Cyber Security Standard’ on Autonomous Vehicles (AV), in the region. The move marks a great achievement to the journey of excellence of the Dubai Cyber Security Strategy that was launched under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice ...

Bloomberg Tata Group, India’s biggest conglomerate, is evaluating a proposal to integrate its food and beverage businesses into a single company, people with knowledge of the matter said. The Mumbai-headquartered group is considering separating the salt and branded lentils businesses of Tata Chemicals Ltd. and folding them into Tata Global Beverages Ltd., according to the people who asked not to ...