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Bloomberg American farmers already stung by President Donald Trump’s trade wars now face billions of dollars in potential losses as controversial data from the US government snuffs out a rally in corn. The Agriculture Department said farmers planted a bigger corn area than analysts estimated and pegged crop yields that also exceeded expectations, sparking the biggest rout in futures since ...

Bloomberg If you want to know what a large set of data points feels like, try carrying 500 tulips through the streets of the Netherlands. This was the life of 34-year-old British artist Anna Ridler, when she set out to build with her own two hands the most extensive dataset of tulips possible. While it sounds scientific, the project was ...

ABU DHABI / WAM The meeting between the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, which took place in the Mina Palace in Makkah, highlighted the special ties between ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited several infrastructure projects related to the Expo 2020 Dubai, which will begin in October 2020, with the participation of 195 countries. His Highness Sheikh Mohammed bin Rashid visited the Expo 2020 Office in Dubai South, accompanied ...

Bloomberg US President Donald Trump decried what he called China’s “massive” intervention to suppress the yuan, portraying the US as the beneficiary of his tariffs on Chinese imports and suggesting — despite recent evidence to the contrary — that prices aren’t rising. “Through massive devaluation of their currency and pumping vast sums of money into their system, the tens of ...

DUBAI / Emirates Business Despite a sustained correction in prices across nearly all communities in Dubai, developers are completing construction and handing over projects with speed, according to the ‘Property Finder Trends’ report for H1 2019. According to data in ‘Trends’ report, a total of 20,978 residential units completed in the first half of 2019. The total comprised 14,999 apartments, ...

Bloomberg China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone. The brutal market selloff began three months ago as Donald Trump’s administration slapped restrictions on ...

Bloomberg Singapore’s government cut its forecast for economic growth this year to almost zero as the escalating US-China trade war dampens the region’s most trade-reliant economies. Singapore’s economy now is seen growing 0.0%-1.0% this year, down from a previous projection of 1.5%-2.5%, the Ministry of Trade and Industry said on Tuesday, with growth expected to come in near the midpoint ...

Bloomberg Russia said it’s far ahead of the US in developing new nuclear-powered missiles despite a failed test that prompted President Donald Trump to boast of American superiority in the field. President Vladimir Putin “has repeatedly said that Russian developments in this area surpass the level achieved by other countries, and are quite unique,” Kremlin spokesman Dmitry Peskov told reporters ...

Bloomberg Nearly three decades after the fall of the Berlin Wall, Germany is moving to eliminate the so-called solidarity tax that helped finance reunification. The 5.5% tax that was levied on all but low-income earners is to be abolished from 2021 for 90% of those currently paying it, Finance Minister Olaf Scholz said in Berlin. In 2018 the levy generated ...