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Bloomberg Russia withdrew from a landmark 1987 nuclear disarmament treaty as President Vladimir Putin signaled he’s open to new talks, the Kremlin said, a day after Donald Trump announced the US is pulling out of the agreement citing years of Russian violations. Putin disclosed the plan to suspend the Ronald Reagan-Mikhail Gorbachev agreement during a working meeting on Saturday with ...

Bloomberg Indian Prime Minister Narendra Modi made a populist push in his final budget before elections, cutting taxes for middle-class voters and giving cash handouts to farmers. The government will allocate 750 billion-rupee ($10.6 billion) a year for the cash plan for about 120 million farmers and give taxpayers 185 billion rupees of relief in the year to March 2020, ...

Bloomberg China has snapped up more US soybeans following two days of trade talks in Washington. State-run buyers Cofco Corp. and Sinograin purchased more than one million tons of American soybeans each, the companies said in separate statements on Saturday. The purchases are “to implement the consensus that the leaders of both China and the US have come to,” according ...

Bloomberg The British automotive industry saw investment plunge last year as carmakers delayed decisions on upgrading machinery and factories amid mounting concern about the impact of a hard Brexit. Spending plunged 46 percent to 589 million pounds ($769 million), the lowest since the global financial crisis, the Society of Motor Manufacturers said in a statement. Concern about the impact of ...

Bloomberg Italy fell into recession at the end of 2018, capping a year of political turmoil, higher borrowing costs and fiscal tensions that took their toll on the economy. Output shrank 0.2 percent in the three months through December, following a 0.1 percent decline in the previous quarter, statistics agency Istat said in a preliminary report. The year-end shrinkage was ...

Bloomberg While many Americans in the frozen Midwest hunker down indoors, central Iowa farmer Ethan Crow has been outside lining his barn and fences with extra bales of hay and corn stalks to break the wind hitting his cattle. He checked on his roughly 50-head herd every few hours to make sure they had feed and he chipped ice off ...

ABU DHABI / WAM Emirates Steel, a subsidiary of the General Holding Corporation (Senaat), has signed a strategic agreement with Abu Dhabi Marine Services (Safeen), a subsidiary of Abu Dhabi Ports, valued at AED1 billion ($270mn). The agreement was signed by the Chief Executive Officer of Emirates Steel, Saeed Ghumran Al Remeithi, and Captain Mohamed Juma Al Shamisi, Chief Executive ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the 44th Arab Health Exhibition, which is being held at the Dubai World Trade Centre (DWTC) on Wednesday. His Highness Sheikh Mohammed bin Rashid toured the four-day exhibition, which is hosting many major international companies in the healthcare ...

Bloomberg A month after President Donald Trump said he’d pull US forces from Syria, a critical global security question is unanswered: What to do with hundreds of IS fighters and their families —including Europeans and Americans—held by Kurdish forces in makeshift prisons? US officials estimate there are 800 prisoners who need to be dealt with at a series of Kurdish-run ...

SHARJAH / WAM Sharjah Islamic Bank (SIB), achieved good results for the full year of 2018 and declared a net profit of AED510.4 million compared to AED477.7 million reported in 2017, showing an increase of 7 percent. An 8 percent cash dividend is proposed for the shareholders. These results reflect the success of the bank’s strategy to achieve steady and ...