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Bloomberg A Vietnamese conglomerate is entering the cashew market with possible deals in West Africa for more than a 10th of global output, a bold start to take on the $7 billion industry’s dominant buyers such as Olam International Ltd. In a fractured sector with dozens of producers, the purchase of such a large amount of cashews by a single ...

Bloomberg Investors could get their first look at hundreds of pages of detailed information about Uber Technologies Inc. as soon as Thursday, as the ride-hailing giant gears up to publicly file for an initial public offering. The global ride-hailing company will kick off a road show to market shares to potential investors this month and would begin trading publicly in ...

Bloomberg The UK economy is on course for a stronger-than-forecast first quarter despite an escalating Brexit crisis that’s divided Parliament and the government. Gross domestic product rose 0.2 percent in February after a 0.5 percent jump in January. That means the economy will expand 0.5 percent in the first quarter if GDP is unchanged in March. That’s more than double ...

Bloomberg Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government, ending years of negotiations and paving the way for Big Oil to access enormous crude deposits in the area. Energy Minister Bento Albuquerque told reporters that compensation for a 2010 contract review will be paid in one settlement, and the resolution will ...

Bloomberg A year ago, South Korean President Moon Jae-in was preparing to host Kim Jong-un on the southern side of their fortified border — a historic high-water mark that fuelled talk of a Nobel Peace Prize. Now, he’s heading back to Washington, hoping a direct appeal to US President Donald Trump can keep all that from slipping away. The South ...

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, and President Muhammadu Buhari of Nigeria, discussed bilateral ties across multiple sectors, and exchanged views on issues of common interest. In a meeting held on Tuesday in Abu Dhabi, Sheikh Mohamed bin Zayed welcomed ...

BELGRADE / WAM The Serbian capital, Belgrade, on Tuesday hosted the ministerial meeting of the first session of the “UAE-Serbia Joint Committee.” The meeting was headed by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, and Sinisa Mali, Minister of Finance of Serbia. The UAE delegation included several officials representing various federal and local government authorities and private ...

DUBAI / WAM Evo Morales, President of Bolivia, praised the relations between the UAE and Bolivia while highlighting the fact that the two countries enjoy many factors that encourage growth, especially in light of their promising economic, trade and investment capabilities. He made this statement while meeting Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, on the ...

Dubai / WAM The Business Registration and Licensing (BRL), sector of the Dubai Department of Economic Development, DED, has issued 2,459 new licences in March 2019, a growth of 35.4 percent compared to March 2018 (1,816). According to the department, the new licences have created 9,661 jobs in the labour market. “Among the new licences issued, 58 percent were commercial, 39.3 ...

Bloomberg Carlos Ghosn lashed out at Nissan Motor Co’s top ranks for playing “a very dirty game” by orchestrating his arrests in Japan and his ouster from its global alliance with Renault SA and Mitsubishi Motors Corp. Speaking in a video recorded before he was detained again, the former chairman of the three automakers said some Nissan executives conspired to ...