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Bloomberg President Donald Trump opened another potential front in his trade war, terminating India’s designation as a developing nation and thereby eliminating an exception that allowed the country to export nearly 2,000 products to the US duty-free. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump ...

Bloomberg Top Justice Department officials want T-Mobile US Inc and Sprint Corp to lay the groundwork for a new wireless carrier — with its own network — as a condition to clearing their $26.5 billion merger, according to a person familiar with matter. The two companies have been pondering additional concessions that could help win Justice Department approval for their ...

Bloomberg President Donald Trump’s vow to impose a 5 percent tariff on Mexican goods comes just in time to hit exports from a $1 billion BMW AG factory that opens in the country next week. A swathe of the 3-Series sedans to be made at the plant in San Luis Potosi are destined for US dealers. Higher duties mean a ...

Bloomberg Brazil’s activity took its first quarterly plunge since 2016 as investment tumbled further, casting doubt on the recovery of Latin America’s largest economy. Gross domestic product shrank 0.2 percent in the first quarter, compared with a 0.1 percent increase in the three months through December, the national statistics agency said. The result was in line with the median estimate ...

Bloomberg US President Donald Trump has urged Britain to name Nigel Farage, a flamboyant and popular advocate for leaving the European Union, to negotiate a final Brexit agreement, the Sunday Times reported. Trump said the UK should refuse to pay the 39 billion-pound ($49 billion) settlement to cover commitments to the EU and walk away unless it gets “a fair ...

Abu Dhabi / WAM The Abu Dhabi Social Support Authority announced that since launching in January 2019, 3,200 low-income Emirati families have benefitted from phase one of the Abu Dhabi Social Support Programme. The Programme’s core objective is to improve living conditions for low-income Emirati families in Abu Dhabi by providing financial and employability support to partners for family members ...

Abu Dhabi / Emirates Business Etisalat customers will now experience one of the fastest broadband speeds in the region from the comfort of their homes, enhancing their experience while using multiple smart devices at one time. Today Etisalat has raised the benchmark for home entertainment by delivering an incredible 12x greater broadband speed on its advertised entry plan compared to ...

Abu Dhabi / WAM The UAE has continued to promote values of cross-cultural and religious interaction, tolerance, harmony and peaceful coexistence, during the month of May. The country launched various programmes and engaged in numerous activities and events to confirm its status as a global centre of tolerance. The Emirates News Agency (WAM), shed light on the major events during ...

Dubai / Emirates Business The United Arab Emirates’ key business and innovation hubs have strong career appeal for the world’s digital talent pool, according to a new study by Boston Consulting Group (BCG) and The Network. In a report based on BCG’s 2019 study, titled Decoding Digital Talent, Dubai ranked as the sixth most appealing country to relocate to for ...

Bloomberg Acting Defense Secretary Patrick Shanahan said the US and China would eventually resolve their differences, downplaying the significance of escalating trade tensions even as he ripped Beijing’s leaders for behavior that “sows distrust” in Asia. In a speech in Singapore that came hours after he met a top Chinese defense official, Shanahan indirectly blasted Beijing for employing a “toolkit ...