Bloomberg The earliest-available indicators of China’s economic performance point to a continued slowdown in November. Economic growth was already the slowest in almost three decades in the third quarter, and Bloomberg Economics’ gauge aggregating the earliest data from financial markets and businesses shows that continuing, with a worsening picture for trade, sales manager sentiment, and factory prices. While tensions with ...
Read More »Uncategorized
Thailand backs down on plan to ban 3 pesticides
Bloomberg Thailand backed down on a plan to prohibit three pesticides from December 1 after coming under pressure from farmers, the US government and lobbyists for chemicals companies. The ban on paraquat and chlorpyrifos will be delayed until June 1 next year, industry minister Suriya Juangroongruangkit said in a briefing. Glyphosate — commonly sold as weedkiller Roundup — won’t be ...
Read More »Kim bolsters nuclear threat to US as Trump talks stall
Bloomberg It’s been about two years since Kim Jong-un launched a missile capable of hitting the entire US, declared his nuclear weapons programme “complete†and halted all ICBM tests. In that time, the North Korean leader has also become an even bigger threat to America. Kim’s testing freeze ushered in unprecedented diplomacy with US President Donald Trump, leading to historic ...
Read More »UAE launches Smart Corporate Social Responsibility Platform
Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the launch of the Smart Corporate Social Responsibility Platform at the ongoing 3rd UAE Government Annual Meetings, which started in Abu Dhabi Monday. The platform, overseen by the National Corporate Social Responsibility Fund, is aimed at ...
Read More »Fees of visa-on-arrival to six airports in India for Emiratis revealed
Abu Dhabi / WAM Emiratis visiting India for a period not exceeding 60 days for business, tourism, conferences and medical purposes under the Indian government’s new visa-on-arrival scheme will be required to fill a form and present it along with their disembarkation card at immigration counters, the Ministry of Foreign Affairs and International Cooperation has said. It is advisable to ...
Read More »GAC opens new branch at Hamriyah Free Zone
Sharjah / WAM To further enhance its presence in the region’s market, GAC Group, one of the largest Swedish shipping and logistics companies, which offers complete logistics, freight forwarding and marine services with a globally known, world-class fleet, has opened a new full-fledged branch at the Hamriyah Free Zone. The move is part of GAC’s expansion plans and in conjunction ...
Read More »Dubai issues 4,763 new licenses in October
Dubai / WAM The Department of Economic Development (DED), in Dubai issued 4,763 new licenses for various professional, commercial, industrial and tourism activities in October. This comes in line with the continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors. According to the Business Registration and Licensing (BRL), sector in DED 68.1 percent of the new ...
Read More »China, US reach consensus on resolving ‘relevant issues’
Bloomberg China and the US “reached consensus on properly resolving relevant issues†and agreed to stay in contact on the remaining points for a “phase one†trade deal during a phone call, the Ministry of Commerce said in a statement. Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin discussed core concerns, according ...
Read More »Hong Kong exports fall for 12th straight month
Bloomberg Hong Kong’s exports declined for a 12th straight month in October with the financial hub mired in recession under the ongoing US-China trade war and pro-democracy protests. Exports contracted to HK$348.5 billion ($44.5 billion), a 9.2% drop from a year ago, according to a government release. The median forecast was for a 8.4% retreat, according to economists surveyed by ...
Read More »Google fires four employees including protesting staffer
Bloomberg Google fired four employees for what the technology giant said were violations of its data-security policies, escalating tension between management and activist workers at a company once revered for its open corporate culture. Alphabet Inc’s Google sent an email describing the decision, titled “Securing our data,†to all employees, according to a copy of the document obtained by Bloomberg ...
Read More »