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Bloomberg President Vladimir Putin signaled Russia will aim new weapons at the US if it stations missiles in Europe after quitting a landmark Cold-War-era treaty, amid growing fears of a new arms race. Still, the tone of Putin’s annual state-of-the-nation speech was less belligerent than a year ago, when he showed computer-graphics demonstrations of a series of new missiles and ...

Bloomberg The US is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralising any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said. Officials from the two countries are discussing how to address currency ...

Bloomberg India’s top court warned billionaire Anil Ambani he’ll be put behind bars unless his group pays its dues to Swedish supplier Ericsson AB, the latest twist in a dispute that helped push the tycoon’s mobile-phone carrier to file for bankruptcy. Ambani, 59, disobeyed an earlier Supreme Court order for his Reliance Communications Ltd. to pay 5.5 billion rupees ($77 ...

Bloomberg A group representing top US mobile service providers disagreed with European and Asian counterparts over alleged security threats from Chinese equipment maker Huawei Technologies Co. ahead of a conference that will highlight a US-Europe divide on the issue. A February 14 release from GSMA, a London-based wireless industry group, urged European lawmakers not to ban Huawei as a supplier. ...

Bloomberg One of the world’s biggest sellers of coal is yielding to investor pressure on climate change, the clearest sign yet that movement is sweeping the natural resources industry. Glencore Plc has promised to limit coal production and align the business with Paris climate targets. It’s a surprising about-face from a company that’s spoken glowingly of coal in the past ...

Bloomberg Ford Motor Co. is shutting a factory in Brazil in an attempt to turn around its money-losing South American business, dealing a blow to Jair Bolsonaro less than two months into his presidency. The automaker expects to record $460 million in charges related to exiting the heavy-truck business in all of South America, according to a statement. It’s halting ...

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, met a number of delegations and defence ministers who are visiting the country to participate in Idex 2019 being organised at Adnec. His Highness Sheikh Mohamed bin Zayed met, separately, with Ibrahim Kasuri Fofana, ...

ABU DHABI / WAM The Defense and Security Development Fund of Tawazun Economic Council signed a funding agreement reaching the potential total of AED 193 million with Halcon Systems LLC, a company owned by the Abu Dhabi-based Yas Holding Group. The agreement was signed during Idex 2019 by Abdulla Al Huwar, Strategic Technology Investments Director at Defense and Security Development ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday that Fitch Ratings, Fitch, has assigned Adnoc Group a standalone credit rating of AA+. The rating, according to Fitch, highlights the company’s high upstream output and significant reserves, strong profitability, commercially-focused business model, downstream integration and conservative financial profile. The rating, Fitch said, sits at the ...

Dubai / WAM The Dubai Entertainment, Amusement and Leisure Show (DEAL 2019), will feature a USA pavilion for the first time in its 25-year history. With 25 American organisations choosing to participate in the largest entertainment and amusement industry event in the Middle East, the show organisers have earmarked a prominent location for the exhibitors. Apart from China, the US ...