Bloomberg Europe’s relationship with the US has been stretched to the limit by President Donald Trump’s “America First’’ foreign policy. But disputes about aircraft subsidies and auto tariffs coming to a head over the next two months could put the allies in a trade war. And while transatlantic relations have been fraying since Trump came to office more than two ...
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John Malone’s $6.4 billion Swiss sale is too close to call
Bloomberg Liberty Global Plc Chairman John Malone’s latest move to reshape his European interests is hanging in the balance. The sale of his Swiss business to Sunrise Communications Group AG for 6.3 billion Swiss francs ($6.4 billion) is proving a tough sell for the buyer’s shareholders and the biggest of those, Freenet AG, on Monday rejected management’s latest move to ...
Read More »EU jobs offer some joy amid manufacturing, inflation gloom
Bloomberg Europe’s job market is giving some hope to the region’s economic story, which has been dominated by a deepening slump in manufacturing that’s tipped Germany close to recession. Figures showed the euro-area unemployment rate fell to 7.4 percent in August, the lowest in over 11 years. Italy also reported an unexpected drop in its rate to 9.5 percent and ...
Read More »Cabinet adopts 10 resolutions on supporting Emiratisation
Abu Dhabi / WAM The UAE Cabinet adopted ten strategic resolutions to support Emiratisation on Sunday during a meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, at the Presidential Palace in Abu Dhabi. The new resolutions are part of the outcomes of the committee, chaired by H.H. Sheikh Mansour ...
Read More »UAE calls for fight against terror, extremist ideologies
New York / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, underlined the central importance of starting “the new decade by protecting the future of our region and the world … and continue to fight terrorist groups and extremist ideologies.†HH Sheikh Abdullah made the statements while delivering the UAE’s statement before ...
Read More »UAE made significant progress in nuclear emergency preparedness
ABU DHABI / WAM The UAE has made significant improvements in developing and strengthening its nuclear emergency preparedness and response arrangements for Barakah Nuclear Power Plant since the 2015’s Emergency Preparedness Review (EPREV), Service visit to the UAE, according to experts of the International Atomic Energy Agency (IAEA). This came after a five-day follow-up review by IAEA experts to the ...
Read More »UAE, Russia discuss tech cooperation
MOSCOW / WAM Moscow has hosted the second meeting of the UAE-Russian Industrial, Technological and Scientific Cooperation Team. The meeting was chaired by Dr Mattar Hamed Al Niyadi, Under-Secretary of the Ministry of Energy and Industry, and Alexei Vladimirovic, Deputy Minister of Industry and Commerce of Russia. During the meeting, both sides highlighted the importance of the ongoing partnership between ...
Read More »Southeast Asia’s top phone carrier open to Huawei 5G
Bloomberg The largest Indonesian phone operator said it will wait to see how the spat between US officials and Huawei Technologies Co ends before picking suppliers for 5G wireless equipment. Southeast Asia’s largest market for telecom services is still several years from launching 5G services, allowing PT Telekomunikasi Indonesia time to decide whether to pick Huawei as a supplier, President ...
Read More »China stirs up patriotism by sending tourists to Mao’s old haunts
Bloomberg Dressed in a red guard uniform, Gao Hongli and a group of fellow kindergarten principals are laughing and whooping like they’re on a Marxist hen night. They’ve travelled to Jinggang Mountain in Jiangxi province as part of a 100-strong delegation of preschool heads to learn how members of the Communist Party’s first rural “soviet base†lived in the late ...
Read More »Pelosi’s impeachment move takes Dems on leap into dark
Bloomberg Nancy Pelosi set House Democrats on a course towards an impeachment of President Donald Trump without a clear road map for where it will go and how long it will take — even as new information comes to light. Democrats accelerated their inquiry, issuing a subpoena and setting plans for witness interviews. But Pelosi, the House speaker, must still ...
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