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Indonesia detects 4,000 haze hotspots

Bloomberg More than 4,000 hotspots were detected in the central and western parts of Indonesia as authorities deployed thousands of personnel to fight the fires that are contributing to a haze blanketing parts of Southeast Asia. Indonesia said it has sealed off dozens of plantations, including concessions owned by foreign companies. In what has become a ritual once the haze ...

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Carcinogen in Zantac, generics triggers FDA, EU investigates

Bloomberg Global health regulators sounded a coordinated alarm about the possibility that a stomach drug taken by millions of people could be tainted with the same cancer-causing agent that has sparked a worldwide recall of blood-pressure pills. Drug-safety officials in the US and Europe said that they were looking into whether Sanofi heartburn medication Zantac and generic versions made by ...

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Storm to scrape Florida coast as it strengthens, turns seaward

Bloomberg The storm system that’s rained on the Bahamas for two days, slowing the recovery from Hurricane Dorian, is set to become Tropical Storm Humberto when it scrapes by Florida and veers sharply out to sea. Parts of Florida remain on a tropical storm watch and will probably get heavy rain in any case. The system has sustained winds of ...

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Employers ring alarm as Poland promises to double ‘wage’

Bloomberg Polish employer groups are voicing alarm over government plans to nearly double the minimum wage and hike social security fees, saying that businesses and the wider economy will face major risks from fast-rising costs. Seeking to further boost its poll-leading standings ahead of next month’s general election, Poland’s ruling party has pledged to raise the minimum wage by 78 ...

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Taiwan ‘ready to move swiftly’ to seal F-16 jet deal with US

Bloomberg Taiwan has signalled to US officials that it will move swiftly to complete the purchase of 66 new F-16 fighters once congressional foreign relations committees complete their review this month, according to a State Department official. The department formally notified Congress on August 20 that it approved the sale, which includes munitions, defensive electronics and a top-of-the line fire-control ...

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Dubai businesses upbeat on new export markets, projects

DUBAI / WAM New export markets and projects being launched ahead of Expo 2020 Dubai are energising economic activity in Dubai, particularly in the trading and construction sectors and businesses are confident of improved outcomes in the months ahead. The quarterly survey of the Dubai Economy shows Composite Business Confidence Index (BCI), in the emirate improving by 2.2 points to ...

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UAE provides emergency relief to Abyan in Yemen

ABYAN / WAM As part of the UAE’s urgent response campaign launched during the month of September in the Yemeni governorates of Aden, Lahij and Abyan, the country has dispatched a shipment of food supplements to alleviate the suffering of Yemeni people. The Emirates Red Crescent (ERC), supervised the distribution of the aid which is part of the UAE’s series ...

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Masdar, EDF to establish joint venture energy services firm

Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar), a subsidiary of the Mubadala Investment Company, and French low-carbon electricity leader (EDF), have signed an agreement to establish a 50:50 joint venture energy services company (ESCO), in order to expand into non-utility scale renewables and energy-efficiency investments in the UAE, GCC region and other emerging countries. These would ...

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Enabling new opportunities, technology explored at WEC

Abu Dhabi / WAM Driving change for sustainable energy, the use of technology and the future of oil were among the key topics discussed as day two of the 24th World Energy Congress focused on the business outlook of the industry. The most critical issues continued to be addressed in Abu Dhabi as thousands of people including ministers and delegates ...

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US firms in China reject Trump’s trade war tactics

Bloomberg US companies on the front line of the trade war are increasingly pessimistic about President Donald Trump’s strategy to boost their sales in the Chinese market, according to a new survey by a leading business organisation. Of the 333 members taking part in an annual survey by the American Chamber of Commerce in Shanghai, 75 percent said they opposed ...

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