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Abu Dhabi finalises preparations for UNIDO conference

Abu Dhabi / WAM Delegates of the eighteenth session of the General Conference (GC), of the United Nations Industrial Development Organisation (UNIDO), are set to arrive in Abu Dhabi on November 2 for five days of discussions around the future of manufacturing. The General Conference, UNIDO’s supreme policymaking organ convenes every two years to determine the guidelines and policies of ...

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Trump defends Syria retreat to fix ‘worst decision ever made’

Bloomberg President Donald Trump said the US “should never have been” in the Middle East and it was “the worst decision ever made” amid reports that Turkey has begun its operation to force back US wartime allies in Syria. In a series of tweets defending his decision that the US would stand aside and allow a Turkish incursion in an ...

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China open to partial US deal despite tech blacklist

Bloomberg China is still open to reaching a partial trade deal with the US, an official with direct knowledge of the talks said, signalling that Beijing is focussed on limiting the damage to the world’s second-largest economy. Negotiators heading to Washington for talks starting on Thursday aren’t optimistic about securing a broad agreement that would end the trade war between ...

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Beijing proposes punishing officials on data manipulation

Bloomberg A draft amendment to China’s Statistics Law will make officials and their bosses directly accountable for data accuracy and also increase the ceiling on fines for companies that report false information. The draft amendment was published by the National Bureau of Statistics on its website, with the bureau calling for feedback until November 9, according to a statement. If ...

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J&J unit ordered to pay $8b in anti-psychotic drug case

Bloomberg Johnson & Johnson’s Janssen unit was hit with an $8 billion punitive-damages verdict — the largest jury award in the US this year — over its alleged mishandling of an anti-psychotic drug blamed for disfiguring the physique of adolescent boys. A state court jury in Philadelphia concluded the Janssen’s wrongful marketing of its Risperdal drug to teens warranted the ...

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American farms face long-term losses from trade war, says BCG

Bloomberg US farmers and agribusinesses face a rising threat of long-term losses in export sales as President Donald Trump’s trade war with China continues, Boston Consulting Group (BCG) warned in a report. The finding by a blue-chip management consulting firm could feed mounting fears among major US agricultural players that the damage done from a tariff war that has already ...

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GE gaping pension deficit tiny part of companies’ $269b gap

Bloomberg General Electric’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of its employees come retirement. All across corporate America, underfunded pensions have become the norm. Even now, a decade after the financial crisis, the largest plans face a shortfall of $269 billion, right about ...

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UAE continues to support education sector in Yemen

TAIZ / WAM The UAE continues to support the education sector in Yemen, including opening a new school which is helping more than 1,000 students continue their studies. The Qutaibah ibn Muslim School in Al Wazi’iyah, Taiz, is the fifth school to be inaugurated since September as part of the UAE’s “Back to School Campaign” in the area, which so ...

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Global experts discuss adoption of blockchain tech in key sectors

Dubai / WAM The UAE’s Centre for the Fourth Industrial Revolution hosted local and international experts from government and private entities, and blockchain technology providers, to identify the main governance challenges in adopting blockchain technology in government and private sectors. The meeting was held as part of the centre’s Blockchain Governance Accelerator programme, organised in collaboration with the World Economic ...

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