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Bloomberg China’s homegrown nuclear technology is gaining favour in the battle for the nation’s next generation of reactors, according to a state-owned developer, as it seeks to move on after delays and cost blowouts from imported designs. China’s reactor, known as the Hualong One, will be faster and easier to repair and maintain than competing foreign designs because it will ...

Bloomberg European Union governments are struggling to reach consensus on a mandate to begin trade talks with the US, risking a delay that would further provoke Donald Trump’s ire after the bloc’s refusal to include agriculture in the negotiations. At a meeting of EU ambassadors in Brussels on Wednesday, France is expected to resist giving the European Commission the green ...

Bloomberg Fresh off reports that it’s exploring a venture with PSA Group to build cars in Europe, the chairman of Fiat Chrysler Automobiles (FCA) said the automaker will remain an active player in helping to shape an automotive industry being transformed by technology. John Elkann, the chairman and chief executive officer of Exor NV, wrote in a letter to shareholders ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating some 3 million US vehicles made by Hyundai Motor Co and Kia Motors Corp. following thousands of complaints that the vehicles went up in flames even without being involved in a crash. NHTSA tallied more than 3,000 complaints about the Hyundai and Kia vehicles that drivers lodged with the agency ...

Bloomberg Battered by more than a month of protests, Algerian President Abdelaziz Bouteflika said he would step down before the end of his fourth term on April 28, but suggested he would still craft the foundations of the transition to come. The announcement appeared aimed at avoiding what could be a military-sanctioned, and embarrassing, constitutional push to have him declared ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited Dubai Arena, the new multi-purpose arena developed by Meraas at City Walk. The venue is the largest indoor arena of its kind in the Middle East and North Africa region. His Highness affirmed that the ...

ABU DHABI / WAM In a bid to support the UAE’s national economy, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, has facilitated business deals worth AED16.5 billion for UAE companies over the last 10 years to implement ADFD-funded projects in developing countries. Capitalising on its close relations with developing countries, the Fund has ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Monday, that it has expanded its In-Country Value (ICV), Programme by appointing a group of six additional third-party certifying bodies who will be responsible for verifying and measuring suppliers’ ICV performance, bringing the total number of the Program’s certifying bodies to 12, from six. The signing ceremony ...

abu dhabi / wam Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of the Abu Dhabi Agriculture and Food Safety Authority, Mariam Hareb Almheiri, Minister of State for Food Security, opened the 6th edition of the Global Forum for Innovations in Agriculture (GFIA), in Abu Dhabi, in the ...

Bloomberg South Korean President Moon Jae-in urged Kim Jong-un to heed calls to return to the negotiating table after talks broke down between the North Korean leader and President Donald Trump. “I expect North Korea to respond to efforts made by South Korea and the US,” Moon said during a meeting with his senior advisers in Seoul. Moon is expected ...