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Bloomberg China heads into the new year with its factories back in contractionary territory as the threat of a prolonged trade war dampens sentiment and stimulus struggles to gain traction. The manufacturing purchasing managers index dropped to 49.4 in December, the weakest since early 2016 and below the 50 level that denotes contraction. Measures of new orders and new export ...

Bloomberg Canadians will start paying a carbon tax in what is set to be a key political battleground of the 2019 election. From January 1, Justin Trudeau’s government will start rolling out a “backstop” price on provinces that don’t have their own levies on emissions. That includes Ontario, an industrial heavyweight whose populist premier scrapped an existing plan, setting up ...

Bloomberg The world’s best-paying bond has a big fan in one of the world’s largest bond investors. Pacific Investment Management Co and its parent company, Allianz Global Investors, have snapped up an Argentine government note that pays a floating coupon equal to the country’s benchmark interest rate — which at one point in October reached a staggering 74 percent. They ...

Bloomberg College football won’t go dark on New Year’s Day. Millions of TV customers from Boston to Washington were spared the loss of channels such as ESPN — and popular college football games — after Verizon Communications Inc and Walt Disney Co struck a distribution agreement on the eve of the New Year. The companies reached a broad-based, multiyear agreement, ...

DUBAI / WAM The representation of UAE nationals, both males and females, in the UAE Internal Auditors Association (UAE IAA), will be 44 percent in the coming years, according to its chairman. “Emiratis to account for 44 percent in internal auditing in the coming years,” Abdulqader Obaid Ali said at an honouring ceremony for graduates of the 8th batch of ...

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), completed 64 percent of the Al Ghuwaifat Border Post Rehabilitation Project in collaboration with Abu Dhabi Police General Headquarters, the General Authority for the Security Ports, the General Directorate of Customs and the Federal Authority for Identity and Citizenship. The AED149.7-million project, extending over a total area of 350K square ...

Abu Dhabi / WAM Saif Mohammed Al Suwaidi, Director-General of the General Civil Aviation Authority, GCAA, has said that estimated total investment in the UAE’s aviation sector amounts to AED1 trillion. This investment includes improvements to airport infrastructure and a fleet of 884 commercial aircraft, reflecting the UAE’s position as a significant competitor in the international aviation sector, he added. ...

Abu Dhabi / WAM The Abu Dhabi Department of Culture and Tourism has made many achievements, in light of the emergence of specialist tourism trends and its efforts to improve local tourism infrastructure and to inaugurate new attractions that combine originality, modernity and hospitality. These achievements have positively affected the number of visitors to the emirate and its hotel occupancy ...

Bloomberg China is the latest victim of the wild swings in oil prices that have roiled trading firms across the globe this year. Two top officials at Unipec, one of the country’s most powerful trading companies, were suspended this week following losses on bets related to oil prices in the second half of the year, according to people with knowledge ...

Bloomberg China’s Ministry of Education has asked universities to inspect all research work on gene editing and submit a report to the government by year end showing that the work doesn’t breach ethical boundaries. The order comes a month after Shenzhen-based researcher He Jiankui shocked the world by claiming he had edited the genes of a pair of twin baby ...