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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 ...

Bloomberg The cost of pollution in the European Union’s cap-and-trade system is likely to surge again next year, contributing to rising electricity costs that are already uncomfortable for industry. Carbon futures, reflecting the price factories and utilities pay for their emissions, tripled in 2018, making it the best performing major commodity of the year. Those contracts may surge again in ...

Bloomberg The UK has awarded contracts worth 108 million pounds ($137.2 million) to charter extra ferries for freight shipments between southern England and the rest of Europe in the event that a no-deal Brexit creates bottlenecks at Dover’s port, the BBC said. Department for Transport officials hired Brittany Ferries of France, Danish shipping firm DFDS and UK-based Seaborne Freight for ...

Bloomberg As Canadian grain companies spend millions to upgrade and build new export terminals in Vancouver, a new problem is threatening to cause transportation bottlenecks at the nation’s largest port: vessels can’t load grain in the rain. And it rains a lot in Vancouver. In Canada’s wettest major city, the practice of loading ocean-bound vessels with grain in rainy weather ...

Bloomberg Kim Jong-un is intent on resolving the nuclear impasse that has stalled negotiations with the US and wants to hold more meetings with South Korean President Moon Jae-in, Moon’s office said. The North Korean leader sent Moon a personal letter of well wishes on Sunday, expressing a willingness to meet often in 2019 to advance peace talks and achieve ...

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised his pride of the triumphant journey of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in service to the Homeland. This came ...

DUBAI / WAM The Dubai Islamic Economy Development Centre (DIEDC), and Bosna Bank International (BBI), have agreed to foster collaboration between Dubai and Bosnia and Herzegovina in developing the Islamic economy sectors, and strengthening cooperation between the two markets by leveraging the knowledge and expertise of DIEDC and its stakeholders. This was stated after Abdulla Al Awar, CEO of Dubai ...

DUBAI / WAM The Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), Mattar Al Tayer has launched the test run of the first hybrid abra; preserving the authentic design and features of the traditional abra. The step marks the addition of the first hybrid marine transit means to RTA’s marine transport fleet. ...

Dubai / WAM The aviation sector is a key pillar in enriching the national economy, said Sultan bin Saeed Al Mansouri, the UAE Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), in a statement on the upcoming Global Investment in Aviation Summit (GIAS 2019). The first edition of the summit will kick off in Dubai with ...