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Bloomberg The US and Russian navies sniped at each other after a near collision between warships in the Philippine Sea. The US 7th Fleet in a statement called the Russian ship’s actions “unsafe and unprofessional,” while the Russian Pacific Fleet said the US vessel’s moves were “unacceptable,” according to state news agency TASS. The tiff happened on the same day ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member, Ruler of Sharjah, and President of American University of Sharjah (AUS), announced the allocation of AED550 million ($149.73 million) for scientific research at AUS over the next five years. The announcement came during a speech delivered by His Highness in the presence of HH Sheikh ...

MECCA / WAM The UAE condemned as a ”flagrant violation of international law” acts of terrorism on commercial ships in its regional waters and drone attacks on two pump stations in Saudi Arabia, said HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, while delivering the UAE speech at the 14th Summit of ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), organised an awareness programme during the Holy Month of Ramadan to promote the importance of using electricity and water sensibly and avoiding waste, as well as highlighting steps that can be taken to reduce consumption. The programme, that the authority Dewa provides on its website and smart app, supports Dewa’s strategy ...

NEW YORK / WAM The Sharjah Book Authority (SBA), met American and international publishers at BookExpo America to highlight the diverse investment opportunities in the publishing sector in Sharjah, and the incentives and facilities available in the UAE. The authority, the only Arab representative at the North American event, reviewed Sharjah’s year-long calendar of cultural events, which provides a window ...

Bloomberg China targeted FedEx Corp in its escalating trade war with the US, giving a hint of the kind of foreign companies it may blacklist as “unreliable.” As details of China’s criteria trickled out, the investigation into FedEx’s “wrongful delivery of packages” was framed by the state news agency as a warning by Beijing after the Trump administration imposed a ...

Bloomberg President Donald Trump opened another potential front in his trade war, terminating India’s designation as a developing nation and thereby eliminating an exception that allowed the country to export nearly 2,000 products to the US duty-free. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump ...

Bloomberg Top Justice Department officials want T-Mobile US Inc and Sprint Corp to lay the groundwork for a new wireless carrier — with its own network — as a condition to clearing their $26.5 billion merger, according to a person familiar with matter. The two companies have been pondering additional concessions that could help win Justice Department approval for their ...

Bloomberg President Donald Trump’s vow to impose a 5 percent tariff on Mexican goods comes just in time to hit exports from a $1 billion BMW AG factory that opens in the country next week. A swathe of the 3-Series sedans to be made at the plant in San Luis Potosi are destined for US dealers. Higher duties mean a ...

Bloomberg Brazil’s activity took its first quarterly plunge since 2016 as investment tumbled further, casting doubt on the recovery of Latin America’s largest economy. Gross domestic product shrank 0.2 percent in the first quarter, compared with a 0.1 percent increase in the three months through December, the national statistics agency said. The result was in line with the median estimate ...