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Bloomberg Downside risks to Japan’s economy have increased in the past year and more work will be needed to sustain the recovery, the International Monetary Fund (IMF) said after its annual consultation with the Japanese government. Near-term risks include weaker global demand from trade or geopolitical tensions, which could undermine growth and trigger a strengthening of the yen, as well ...

Bloomberg Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability on the sovereign side,” the ...

Bloomberg Secretary of State Michael Pompeo arrived on Saturday in Japan on a trip that will take him to North Korea, as US disarmament demands are increasingly undermined by calls for sanctions relief and President Donald Trump’s eagerness for a second summit with Kim Jong-un. Pompeo will spend less than a day on the ground in Pyongyang on Sunday meeting ...

Bloomberg The European Union is set to offer the UK a free-trade deal deeper than any agreement that’s gone before, but will reject Prime Minister Theresa May’s demand for “frictionless trade,” according to EU diplomats. The EU’s vision for future ties with Britain will contain “about 30-40 percent” of May’s pitch for a wide-ranging trade and security deal, according to ...

Bloomberg Facebook Inc. has become the first big test case for the European Union’s beefed up privacy rules as Ireland’s data watchdog opened a probe into a security breach announced last week that affected as many as 50 million accounts. Ireland’s data protection authority said it has started investigating whether Facebook had “appropriate technical and organizational measures” in place to ...

Bloomberg Economic data have returned to the forefront for investors in US Treasuries, and may be turning the market around. Ten-year Treasury yields staged their strongest single-day upswing since November 2016, driving the rate to the highest since 2011. The surge followed a record-high reading on activity in the US services sector and stronger-than-anticipated gains in a private employment survey. ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday visited the ‘50 Years of Expo: Participant to Host’ exhibition that tells the story of the UAE’s extensive history of participation in World Expos, in the lead up to Expo 2020 Dubai. The showcase was ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), is gearing up for the most awaited technology event of the year (Gitex), with a number of new initiatives and innovative projects to be introduced. The initiatives will reflect TRA’s commitment to enhance smart lifestyle and support mGovernment activities in the UAE. The 38th edition of GITEX Technology Week is scheduled for ...

Dubai / WAM Marie Louise Coleiro Preca, President of the Republic of Malta, called for the establishment of new economic partnerships between the UAE and Malta, and expressed the intention to attract more UAE investors to her country. The Maltese President’s remarks came during the UAE-Malta Business Seminar, which was organised by Dubai Chamber of Commerce and Industry in cooperation ...

Dubai / WAM Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Dubai FDI, the investment development agency of Dubai Economy (DED), announced that it is set to convene global investors in Dubai at the upcoming Dubai Investment Week 2018. The major event, which will ...