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Bloomberg President Donald Trump conceded there’s no evidence for his claim that Middle Eastern terrorists are among thousands of migrants travelling from Honduras towards the US border, but blamed Venezuela and unidentified “leftists” for encouraging the so-called caravan. Trump is trying to make immigration central to the midterm elections next month that will determine whether Republicans maintain control of Congress. ...

Bloomberg Pakistan has said that Saudi Arabia agreed to a $6 billion support package to bolster Islamabad’s dwindling finances following a second visit by Prime Minister Imran Khan to Riyadh seeking aid. Saudi Arabia will deposit $3 billion directly with Pakistan “as balance of payment support,” while another one-year deferred payment facility of up to $3 billion for oil imports ...

Bloomberg Innovent Biologics Inc., a Chinese biotech firm backed by Temasek Holdings Pte, raised HK$3.3 billion ($421 million) after pricing its Hong Kong initial public offering near the top of a marketed range, people with knowledge of that matter said. The Suzhou-based company priced it sale of 236.35 million shares at HK$13.98 apiece, the people said, asking not to be ...

Bloomberg The UK is planning legislation to prevent a repeat of the contagion that followed Carillion Plc’s collapse. When the construction giant failed in January, it left its 30,000 suppliers some 2 billion pounds ($2.6 billion) out of pocket after it took up to four months to pay its bills. The shockwaves reverberated through the UK economy, damaging confidence already ...

Bloomberg Procter & Gamble Co. has been dinged over the years for being too big, too slow and too cautious as it tried to break out of tepid growth. It has issued a rejoinder: the largest jump in five years of a key sales measure. Investors cheered the first-quarter results, which the company says is proof its turnaround is working. ...

Bloomberg Germany’s economy started the fourth quarter on the back foot, with private-sector activity slowing to the weakest since 2015 and factory orders contracting for the first time in four years. The composite Purchasing Managers’ Index for Europe’s largest economy dropped to 52.7 in October from 55.0 last month, according to a flash reading released by IHS Markit on Wednesday. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that building the future is not merely an improvisational decision but a strategic plan based on knowledge and clear goals. His Highness also said that decisions related to the future of human being and humanity should be ...

Bloomberg China called on the US to reconsider pulling out of a three-decade-old arms control treaty with Russia, saying the move would generate “multiple negative effects.” President Donald Trump said on Saturday he planned to pull out of the Intermediate-Range Nuclear Forces Treaty, known as INT, claiming that Moscow had breached the agreement on intermediate-range conventional and nuclear weapons. The ...

Dubai / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, attended on Monday the opening of the second United Nations Data Forum 2018 in Dubai. The three-day forum will bring together more than 2,500 data experts, high-ranking government officials and prominent policy makers from 120 countries around the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Monday in Madinate Jumeirah in Dubai, Deputy Secretary-General of the United Nations Amina Mohammed. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai also attended the meeting. Sheikh Mohammed and Amina Mohammed ...