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Bloomberg A slump in German business confidence deepened in June as trade tensions weighed on manufacturers. US-led protectionist thr-eats have clouded the growth outlook in Europe’s largest economy for mon-ths, contributing to a manufacturing slump and bo- osting fears that domestic demand will be undermined. European Central Bank President Mario Draghi last week said he’ll inject fresh monetary stimulus for ...

ABU DHABI / WAM The UAE has become the first country in the Gulf to launch a new reporting platform developed by the United Nations Office on Drugs and Crime (UNODC), to curb organised crimes. The UAE’s Financial Intelligence Unit (FYU), launched the new anti-money laundering platform ‘goAML’ , which has been open for registration since May, officials of the ...

Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal Credit Insurance Company signed a Memorandum of Understanding (MoU), with the Jordan Loan Guarantee Corporation (JLGC), to explore, develop and strengthen the trade relationship between the UAE and Jordan on the basis of equality, mutual benefit, respect and trust. This partnership will enable enhance trade and business activities through the ...

Manama / WAM Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, UAE Ambassador to Bahrain, on Sunday attended signing of an agreement to launch the first phase of the ‘Sheikh Zayed Highway’ development project in Bahrain. The agreement was signed by Issam bin Abdullah Khalaf, Bahrain’s Minister of Works, Municipal Affairs and Urban Planning, and representatives of the Emirati company, ...

ABU DHABI / WAM The ‘Sanad Initiative’, launched by the Higher Colleges of Technology (HCT), in 2017, aims to assist the college’s graduates in obtaining appropriate certificates and entering the labour market, ensuring their readiness to begin their careers, a HCT official noted. Sanad targets graduates looking for work and employs them in various administrative positions for three to six ...

Bloomberg FedEx Corp rejected a package containing a Huawei Technologies Co phone being sent from the UK to the US in what the mail company says was a mistake, which has elevated beyond routine because of President Donald Trump’s decree in May that limits trade with the Chinese technology company. The phone was being sent to a PCMag.com phone analyst, ...

Bloomberg Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch Solutions. Japanese-backed projects in the region’s six biggest economies — Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam — are valued at $367 billion, the figures show. China’s tally is ...

Bloomberg The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5 percent of the radioactive fuel ...

Bloomberg T-Mobile US Inc.’s acquisition of Sprint Corp. drew additional opposition from states as four more attorneys general joined a lawsuit seeking to block the merger of the wireless carriers, sending Sprint shares lower. The attorneys general of Massachusetts, Hawaii, Minnesota and Nevada are signing on to the complaint, a lawyer for New York said at a court hearing. That ...

Bloomberg Flames leap from cauldrons brimming with molten iron as they’re tipped into giant vats at one of Europe’s largest steel mills. Heated to over 1,000 degrees Celsius (1,832 Fahrenheit) in furnaces fired by coal, the liquid metal sloshing at Thyssenkrupp AG’s facility in Duisburg, Germany, will eventually wind up in automobiles, wind turbines and everyday household items from washing ...