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Hamdan bin Zayed inspects infra projects in Al Mirfa

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, visited the city of Al Mirfa to inspect several current and future development and infrastructure projects. Sheikh Hamdan visited several residential, commercial, industrial and investment areas that were recently surveyed, with the aim of developing them as residential and commercial properties for ...

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Dubai among 50 cities selected to host innovation contest

Dubai / WAM Dubai is among the 50 international destinations selected to play host to the 2018 edition of ‘Falling Walls Lab’, a global innovation challenge that aims to identify ground-breaking ideas and nurture high potential talent. The competition, which will take place at the Canadian University Dubai (CUD), on September 30, was launched at the Dubai Technology and Entrepreneur ...

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Poland isolation shown as EU flays PM over judicial reform

Bloomberg Polish PM Mateusz Morawiecki faced off against European Union lawmakers over a domestic judicial overhaul that has put a political and legal EU pinch on Poland, which also risks suffering a financial hit as a result of the dispute. In an appearance at the European Parliament, Morawiecki gave an unabashed defense of Polish legislation that forced two-fifths of Supreme ...

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Micron’s China ban latest blow to chipmaking giants

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 ...

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Beijing vows not to fire tariff shot ahead of US in trade war

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 ...

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‘Sprint acquisition needs scrutiny over China links’

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 ...

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UK services sector growth hits 8-month high

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 ...

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Android fine may come in mid-July as EU dances around Trump

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 ...

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‘Focus on prevention to address root causes of conflict’

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, ...

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Dubai FDI signs deal to ease foreign investors licensing

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 ...

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