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Bloomberg For decades, there was just one way for China’s car market: up. Once the trend abruptly reversed 10 months ago, the free fall in the world’s largest market has shown no signs of easing. Retail sales of sedans, sport utility vehicles, minivans and multipurpose vehicles continued their plunge in March, dropping 12 percent to 1.78 million units, the China ...

Bloomberg Developers have been trying for six years to build a 124-mile natural gas pipeline from Pennsylvania to New York. Despite winning a federal approval in 2014, the project is still no closer to reality. Enter President Donald Trump, who on Wednesday is poised to issue an executive order to promote projects like the long-stalled Constitution Pipeline, according to people ...

Bloomberg The US is urging allies to ban networking products from countries without independent court systems, an approach intended to block China’s Huawei Technologies Co. and ZTE Corp. from competing for new 5G telecommunications networks in Europe and Asia. Rob Strayer, the State Department’s deputy assistant for cyber policy, said in an interview that some European countries are signaling support ...

Bloomberg Two years after Britain had its first coal-free day since the Industrial Revolution, the nation’s network operator is readying itself for life without any fossil fuels. The grid may start dropping its need for natural gas power for short periods in about 2025, coinciding with coal’s complete phaseout. The system wants to be “zero-carbon capable” by then, said Julian ...

Bloomberg Eastern-based warlord Khalifa Haftar struck Tripoli’s only functioning international airport, drawing a rebuke from the United Nations and escalating an advance on the capital that threatens to spark civil war and convulse oil markets. Mitiga International Airport, Libya’s largest, temporarily suspended flights after the airstrike, which the UN’s secretary-general, Antonio Gutteres, condemned. In a statement, Gutteres urged an immediate ...

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, on Monday received at Qasr Al Bahr Majlis the first certified Emirati women firefighters, who have recently graduated from a Women Firefighting Course in Sharjah. “The UAE woman is always proving her worth in ...

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, on Monday honoured a number of Emirati heroes of national duty in recognition of their significant efforts to advance humanitarian work overseas. Lt. General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the ...

ABU DHABI / WAM In a joint effort, the UAE and Saudi Arabia have pledged $200 million in relief assistance for Yemenis for the Holy Month of Ramadan. During a press conference held at the Foreign Correspondents Club of the UAE on Monday, Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, announced the third KSA-UAE Humanitarian Response ...

Dubai / WAM The membership database of the Dubai Business Women Council (DBWC), has grown by 10 percent in the first quarter of 2019, bringing the total number of members to 949, up from 864 by the end of 2018, according to DBWC announcement. The significant increase in the membership database reflects the important role played by the council in support ...

Bloomberg President Donald Trump’s top economic adviser says the US and China are “closer and closer” to a trade deal, and that top-tier officials would be talking again this week via “a lot of teleconferencing.” Larry Kudlow’s “guarded optimism, maybe more than guarded optimism” on CBS’s “Face the Nation” came after China’s state-run Xinhua news agency reported that progress was ...