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Bloomberg The US and China haven’t yet agreed on the critical issue of enforcement in a proposed currency deal that would ensure Beijing lives up to its promise to not depreciate the yuan, four people familiar with the matter said. Treasury Secretary Steven Mnuchin touted currency pact as the strongest ever, though he offered no details, following two days of ...

Bloomberg Huawei Technologies Co. would deny any Chinese government request to open up “back doors” in foreign telecommunications networks because they aren’t legally obliged to do so, the company’s chairman says. Liang Hua said the company had received an independent legal opinion about its obligations under Chinese law and said there is nothing forcing companies to create what he called ...

Bloomberg British Steel Ltd. may face a financial hit of 100 million pounds ($130 million) or more in three weeks’ time if Prime Minister Theresa May is unable to secure a Brexit deal, two people familiar with the matter said. The costs relate to the private equity-owned steelmaker’s carbon pollution bill for 2018, which is due for payment by March ...

Bloomberg A group of Microsoft Corp. employees are demanding that the company abandon a $480 million contract with the US Army to build versions of its HoloLens augmented reality headsets for the battlefield, the latest in a series of protests from workers at technology companies objecting to certain uses of the products they’re building. “We are alarmed that Microsoft is ...

Bloomberg There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other billions for the deal’s failure. A Delaware judge will start the process of deciding that pricey dispute on Monday in a trial of dueling ...

Bloomberg After days of preparation, the trucks rolled out. They bore beans, rice, sugar, salt and the possibility that Venezuela’s army would desert autocratic President Nicolas Maduro and the moribund nation might begin its revival. Instead, there came violent action but little motion. Maduro avoided a bloodbath despite a massive border face-off between protesters and soldiers. His army didn’t desert ...

Dubai / Emirates Business Meraas, a Dubai-based holding company, has announced that it will showcase its industry-defining maritime neighbourhood – Dubai Harbour during the 27th annual Dubai International Boat Show (DIBS) 2019. Set to the highest international standards, Dubai Harbour will be the first yachting community hub in the Middle East. Designed by leading architects with careful attention to detail, ...

ABU DHABI / WAM With the implementation of the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to embrace innovation as an institutional practice in nurturing a sustainable future for the upcoming generations, and utilise the UAE Government’s innovation tools which include innovation labs, and to mark ...

SHARM EL SHEIKH / WAM Egypt’s hosting of the Arab League-European Union, EU, Summit on Sunday in Sharm el-Sheikh underscores its pivotal role in international efforts to counter terrorism and realise peace in the Middle East region and as a facilitator for Arab-European dialogue on challenges facing the world, said HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member ...

Dubai / WAM The 11th meeting of the Dubai Free Zones Council,DFZ Council, headed by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the DFZ Council, announced plans to develop a comprehensive geo-economic map of Dubai in line with the Fifty-Year Charter that aims to position Dubai as a leading destination for investment and business set-up. Sheikh Ahmed ...