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Bloomberg The trade war between the US and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA Chief Executive Officer Hilde Merete Aasheim said. The Oslo-based company pared its demand growth forecast for a second time this year, echoing the dimming outlook painted by top US producer Alcoa Corp. Russian ...

Bloomberg The US reached a deal with Guatemala to stop migrants from other parts of Central America from claiming asylum in the US, President Donald Trump said, and will instead force them to file a claim in Guatemala, a nation that one refugee advocacy group said is neither safe nor able to handle the task. Trump told reporters during a ...

ABU DHABI / WAM Abu Dhabi’s gross domestic product (GDP) at current prices for Q1 2019 rose by 3.3 percent to AED226 billion, compared to AED219 billion in the first quarter of 2018. The Abu Dhabi’s GDP at constant prices rose to AED207 billion in the first quarter of 2019, compared to AED196 billion for the same quarter of 2018, ...

JAKARTA / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, arrived in Jakarta, marking his state visit to the Republic of Indonesia. Upon the arrival at the Soekarno-Hatta International Airport, Sheikh Mohamed bin Zayed was received by President JokoWidodo of Indonesia. HH Sheikh Mohamed and President ...

DUBAI / WAM The UAE Space Agency (UAESA) and the Mohammed bin Rashid Space Centre (MBRSC) have confirmed that the launch of the Emirates Mars Mission (EMM)’s Hope Probe, is in less than a year. MBRSC said it plans to launch the Hope Probe into orbit around mid-July 2020, and it is expected to reach Mars orbit in the first ...

DUBAI / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has announced a record net profit of AED410 million in H1 2019, notching up a 29 percent increase over the first six months of last year and an 11 percent increase on the 2017 full-year net profit. Noor Bank’s revenue rose by seven per cent ...

Bloomberg Apple Inc has asked the Trump administration to exclude components that make up the forthcoming Mac Pro high-end desktop computer from import tariffs, weeks after planning to re-locate production of the line to China from Texas. The Cupertino, California-based technology giant is seeking relief from duties of 25 percent on key Mac Pro parts and accessories that go with ...

Bloomberg A group of Uber Technologies Inc. drivers lost a London lawsuit where they said a new fee to operate in the city centre amounts to race discrimination. The drivers said London Mayor Sadiq Khan’s demand that they pay a congestion charge was unfair because it didn’t apply to the capital’s traditional black cabs. Most cab drivers are white, while ...

Bloomberg China accused the US of undermining global stability, as the country released its first defense white paper since Chinese President Xi Jinping initiated a sweeping military overhaul in 2015. The paper titled “China’s National Defense in the New Era” — in a reference to a key Xi slogan — said that the US had provoked competition among major countries. ...

Bloomberg Alibaba Group Holding Ltd is opening its oldest online platform to US merchants, promising to help American businesses at a time US-Chinese tensions are darkening the outlook for global trade. The Chinese e-commerce giant opened up Alibaba.com to US sellers for the first time, allowing them to peddle to buyers around the world who seek merchandise to stock shelves ...