Bloomberg At least six people were killed and hundreds more injured in clashes between police and supporters of Indonesian presidential candidate Prabowo Subianto in the worst political violence to hit Jakarta in two decades. Jakarta Governor Anies Baswedan appealed for public order and urged police to exercise restraint and avoid conflict with the protesters in the capital city. About 200 ...
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Emirates Steel, Finnish firm sign slag management deal
ABU DHABI / WAM An estimated 1.6 million tonnes of slag, a byproduct of steel manufacturing, of Emirates Steel will be processed in two years after the company signed an agreement with Finnish ECOFER Technologies. The agreement, due to take effect in 2020, will provide Emirates Steel with sustainable slag management services for the next ten years, in line with ...
Read More »Mohamed: Media a key partner in UAE’s development process
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, underscored the vital role being played by the media in the ongoing national development and progress process. “The UAE views the media as a key partner in the inclusive development process and spares no ...
Read More »UAE, Mali discuss ways to expand cooperation across multiple sectors
ABU DHABI / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, received Prime Minister Boubou Cisse of Mali, who is currently visiting the UAE. During the meeting held at headquarters of the Ministry of Foreign Affairs and International Cooperation (MoFAIC), in Abu Dhabi, the two sides discussed bilateral relations and opportunities to expand cooperation across multiple ...
Read More »Sky is the limit for Emirati female doctor Nadia Bastaki
Abu Dhabi / WAM Dr Nadia Bastaki, the first Emirati woman to be registered as a specialist in aviation medicine, has achieved her lifelong ambition and has become involved in the UAE space programme, conducting medical tests for UAE astronauts. “In partnership with the Mohammed bin Rashid Space Centre, I have participated in conducting medical tests for the team chosen ...
Read More »China faces new competition as Japan, India eye Lankan port
Bloomberg India, Japan and Sri Lanka are weighing the development of a terminal at the bustling port of Colombo in a country that’s seen ongoing political controversies related to investments from China’s Belt and Road initiative. The three countries are set to sign a memorandum of understanding in the coming months to build out the east container terminal at the ...
Read More »Huawei ban clouds world’s growth outlook
Bloomberg US restrictions on China’s telecom giant Huawei threatens to snuff out a nascent recovery in semiconductor demand, a key driver of economic growth in technology powerhouses including South Korea and Taiwan. China dominates purchases from Asian semiconductor exporters and bought 51 percent of their exports in 2017, according to analysis by Citigroup Inc economists Jin-Wook Kim and Johanna Chua. ...
Read More »Oil firms join lobbying push for US carbon tax
Bloomberg Oil companies, automakers and consumer products manufacturers will unleash a campaign for a US tax on carbon dioxide emissions even though it may lead to higher prices for their products. Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each to the Americans for Carbon Dividends advocacy campaign, underwriting its efforts to persuade Congress to ...
Read More »T-Mobile under pressure to sweeten Sprint package to get regulatory nod
Bloomberg T-Mobile US Inc. suffered a significant setback in its bid for regulatory approval of its takeover of Sprint Corp. after failing to win over the US Justice Department with a remedy package, putting pressure on the companies to offer more concessions. The wireless carriers could try to sell additional assets to resolve the department’s concerns that the deal would ...
Read More »Tesla in ‘code red’ as sell-off after capital raise exceeds 20%
Bloomberg Tesla Inc.’s stock rout following this month’s $2.4 billion capital raise intensified after a once-bullish analyst called the range of issues facing the electric-car maker a “code red situation.†The shares have dropped in nine of the last 10 trading days, a stretch that started the day Tesla closed offerings of new stock and convertible bonds to shore up ...
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