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Bloomberg Singapore is weighing options including the issuance of government bonds to fund the S$100 billion ($72 billion) it could take to fight rising sea levels over the next century. In the short-term, funding for projects such as a S$400 million upgrade to the city-state’s drainage systems to boost flood resilience will come from ministry-level expenditures, Minister for the Environment ...

Bloomberg US President Donald Trump said trade talks with China are back on after Beijing requested negotiations, easing immediate tensions after a weekend of tit-for-tat tariffs rocked financial markets and fuelled fears that the standoff would drag the global economy into recession. Speaking at the Group of 7 meetings in Biarritz, France, Trump said US officials received two “very productive” ...

Bloomberg The US and Japan agreed in principle on a trade deal that would slash Tokyo’s tariffs on American beef, and other agricultural products, while delaying for now the threat of additional levies on Japanese auto exports to the US. US President Donald Trump and Japanese Prime Minister Shinzo Abe announced the agreement on Sunday on the sidelines of the ...

Bloomberg The cost of producing hydrogen gas with renewables is likely to plummet in the coming decades, making one of the most radical technologies for reducing greenhouse gases economical. That’s the conclusion of an analysis by BloombergNEF, which said the most abundant element is likely to play a growing role in reducing pollution from power producers and industry. The findings ...

Bloomberg The US said that South Korea’s decision to pull out of an intelligence-sharing deal with Japan endangers American troops — an usually blunt criticism of one of Washington’s closest allies. The Trump administration is disappointed in South Korean President Moon Jae-in’s announcement that his government would stop participating in the 2016 General Security of Military Information Agreement with Japan, ...

DUBAI / WAM The Dubai International Financial Centre (DIFC) Courts released its figures for the first half of 2019, with a total volume of 463 cases across all divisions for the first six months of 2019, a 25 percent increase from the first half of 2018. The English-language common law courts continued to assist global businesses resolve their largest and ...

DUBAI / WAM To mark the 150th anniversary of the birth of Mahatma Gandhi on October 02, Emirates Post has issued a commemorative stamp to honour the life and times of India’s most influential leader. Gandhi played a crucial role in the development of India and notably led the country to independence through non-violent protest. Commonly referred to as the ...

ABU DHABI / WAM Mubadala Investment Company, through its healthcare arm, on Sunday signed a memorandum of understanding (MoU) with Nirvana Travel and Tourism to formalise their intention to collaborate on projects that will support the Abu Dhabi Vision 2030 objective of establishing the emirate as a leading medical tourism destination. Areas of collaboration will focus on potential visitors from ...

DUBAI / WAM Etihad Credit Insurance (ECI) signed a memorandum of understanding with Mohammed Bin Rashid School of Government (MBRSG) to jointly build a framework of excellence for ECI that will help to upskill its employees and elevate their competency levels. This partnership will lay the foundation to develop and nurture ECI’s workforce that will ensure the sustained development and ...

Bloomberg Japanese consumers may face a costlier bill to stay warm this winter if South Korea bans exports of heating fuel to its neighbour as the trade feud between the two countries deepens. Kerosene is used as a fuel in portable stoves and fan heaters, particularly in the colder northern part of Japan. While local production accounts for about 90% ...