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Bloomberg For the past few days, the question has been popping up on trading desks across Hong Kong: What’s up with Alibaba’s health unit? Largely ignored by analysts and stuck in a tight trading range for more than a year, the stock on May 17 suddenly turned into one of the world’s best performers for no apparent reason. It surged ...

Bloomberg China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the US, according to people with knowledge of the matter. Chinese officials are currently looking at boosting purchases from West Virginia in particular, said the people, who asked not to be identified because they’re not authorised to speak ...

Bloomberg Canada will buy Kinder Morgan Canada Ltd.’s Trans Mountain oil pipeline and its controversial expansion project for C$4.5 billion ($3.5 billion) in a bid to ensure it gets built amid fierce opposition. “It must be built and it will be built,” Finance Minister Bill Morneau said in Ottawa, as he and Natural Resources Minister Jim Carr unveiled the deal, ...

Bloomberg A proposed class action lawsuit alleging Facebook’s ad placement tools facilitate discrimination against older job-seekers has been expanded to identify additional companies, further widening the latest front in claims that candidates are being filtered out by gender, geography, race and age. “When Facebook’s own algorithm disproportionately directs ads to younger workers at the exclusion of older workers, Facebook and ...

Bloomberg Czech workers are slowly winning the war on low wages. Faced with the European Union’s lowest unemployment rate, companies are tackling a dearth of able bodies in the country of 10.6 million with bonuses and higher salaries. According to Josef Stredula, the head of the nation’s umbrella union, that will continue for several more years as labor costs lie ...

Bloomberg North Korean leader Kim Jong-un has dispatched one of his top aides to New York for talks ahead of his planned summit with Donald Trump next month, the president said on Twitter. “Meetings are currently taking place concerning Summit, and more,” Trump said in a Twitter posting that misspelled the envoy’s name. “Kim Young Chol, the Vice Chairman of ...

OTTAWA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Francois-Philippe Champagne, Minister of International Trade of Canada at the Canadian Foreign Ministry in Ottawa. During the meeting, which was held on the sidelines of Sheikh Abdullah’s official visit to Canada, the two sides discussed bilateral relations and ways to further ...

ROME / WAM The UAE Ambassador to Italy, Saqr Nasser Al Raisi, met the General Commander of the Italian Military Force or ‘Carabinieri’, Giovanni Nistri, in the presence of a number of senior generals and officials. During the meeting, Al Raisi emphasised the UAE’s keenness to work with friendly countries in all fields, especially enhancing international security and community safety. ...

Dubai / WAM As part of its contribution to the Dubai 10X initiative, the Dubai Land Department (DLD), has announced the introduction of the Real Estate Self Transaction ‘REST’, a platform for conducting real estate trading and transactions with multiple parties, anywhere and anytime. The new platform enables the complete digital management of real estate transactions, eliminating paper documents and ...

Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE), and Fish Farm LLC have installed 300 artificial caves made of eco-friendly materials across 30 sites, stretching from Al Baiya Island in Fujairah to Loulouiya Harbor in Sharjah, to enhance fish stocks in UAE waters. The installation sites were carefully chosen in proximity to the country’s coasts with the ...