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Bloomberg Donald Trump summoned the nation’s attention to the Oval Office for a prime time pronouncement on the border wall standoff at the centre of the government shutdown. Then, he offered nothing new. Instead, Trump used the president’s most symbolic and powerful perch — traditionally reserved for times of war or calls for national unity — to rattle off familiar ...

Bloomberg The growth engine for the world’s car industry has been thrown into reverse, with China recording the first annual slump in auto sales in at more than two decades and more pain predicted in 2019. Sales in the world’s biggest market fell 6 percent to 22.7 million units last year, the first annual decline in at least two decades, ...

Bloomberg China and the US wrapped up three days of trade talks, with people familiar saying their positions were closer on areas including energy and agriculture but further apart on harder issues. Beijing will be releasing a statement soon on the negotiations, Chinese foreign ministry spokesman Lu Kang said, adding that a one-day extension shows both sides are serious about ...

Bloomberg Siemens AG and Alstom SA are pushing ahead with the sale of train-equipment assets in a bid to salvage their rail merger amid European Union antitrust scrutiny, people with knowledge of the matter said. Companies including Hitachi Ltd, Wabtec Corp, Switzerland’s Stadler Rail AG and Thales SA submitted offers by a deadline earlier this month, the people said, asking ...

Bloomberg Fiat Chrysler Automobiles NV is nearing a settlement with the US Justice Department that would end a two-year criminal investigation into whether it knowingly sold diesel vehicles that violated clean-air rules, according to two people familiar with the matter. The resolution would include a financial penalty in line with Fiat Chrysler’s guidance to investors, one of the people said. ...

Bloomberg International Business Machines Corp took another step towards bringing the world of quantum computing to commercial applications — and CEO Ginni Rometty sees real results coming as soon as 2021. “We’re probably in a two- to five-year time frame that you’ll actually start to see commercial businesses doing real commercial applications,” Rometty said in an interview on Bloomberg TV. ...

Abu Dhabi / WAM The UAE Cabinet meeting, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has reviewed the achievements of the UAE Government in 2018. These achievements were presented during the first cabinet meeting of this year and included the most important decisions and policies in ...

Abu Dhabi / WAM A major shift in the UAE’s human capital development is underway with the launch of the ‘National Experts Programme.’ Launched by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, at a special ceremony at the Founder’s Memorial in the UAE capital, the ...

ABU DHABI / WAM Masdar, the Abu Dhabi Future Energy Company, officially launched the first fully electric passenger bus in the region in partnership with the Department of Transport in Abu Dhabi (DoT), Abu Dhabi-based bus manufacturer Hafilat Industry, and leading technology company Siemens. The vehicle will serve a six-stop route between Marina Mall, Abu Dhabi Central Bus Station and ...

Dubai / WAM Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, has initiated efforts to release approximately AED250 million ($68 million) in bank guarantees that have been furnished by tourism-related service providers, following the waiver of this prerequisite regulatory requirement to start a travel and tour business in the emirate. The new deregulatory measure allows for instant liquidity to ...