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Bloomberg The US accused China’s navy of “unsafe and unprofessional” conduct near a Chinese occupied reef in the disputed South China Sea, in the latest show of tensions between the countries amid their escalating trade war. A US Navy vessel, the USS Decatur, was sailing “in the vicinity” of Gaven Reef on Sunday, when a Chinese destroyer confronted it with ...

Bloomberg Axiata Group Bhd.’s dream of building a carrier that spans southern Asia from Singapore to Pakistan, Indonesia and India is fading as it risks losing hold of overseas units to rivals. Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd. and Keppel Corp. to buy out its stake in M1 Ltd., the latest in a series ...

Bloomberg Indonesia’s rupiah weakened past 15,000 per dollar for the first time in 20 years as sentiment towards emerging-nation assets soured and oil prices jumped. The currency has tumbled almost 10 percent this year as rising US interest rates have boosted the dollar and Indonesia’s current-account deficit has left the economy exposed to the financial turmoil that afflicted Turkey and ...

Bloomberg With a Nafta deal on the table — and a bullet dodged for the auto sector — the clock is ticking for the next key trade talks for Canada’s steel and aluminum industries. After a marathon weekend of discussions, negotiators secured a deal to replace the 24-year-old Nafta agreement just before the deadline. However, the steel and aluminum tariffs ...

Bloomberg The UK government envisages a post-Brexit immigration system that treats all nations equally, but gives ministers the flexibility to tailor rules for countries striking trade deals. High-skilled workers will be prioritised and low-skilled immigration curbed under new rules announced by Prime Minister Theresa May on Tuesday, a day before her leader’s speech at the Conservative Party annual conference. May ...

Bloomberg BMW AG has packed its revamped 3-Series sedan with tech gadgetry like smartphone entry, auto-reverse and an in-car assistant that learns drivers’ routines, aimed at delivering a crucial sales bump after growth slowed. The best-selling model, unveiled at the Paris car show and available in March, demonstrates how manufacturers have moved away from luring customers with luxurious trimmings and ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the second dialogue session of the Dubai Majlis on Monday. The session, held at Dubai Opera, saw the attendance of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of ...

Dubai / WAM Dubai Investments has announced that it will be showcasing its real estate projects portfolio at Cityscape Global 2018, that is set to take place at the Dubai World Trade Centre from October 2-4. Dubai Investments will showcase Mirdif Hills, a mixed-use, residential, commercial, and retail development by DIRC and the only freehold development currently in Mirdif. The ...

SHARJAH / WAM The Sharjah Investment and Development Authority (Shurooq) announced the launch of the development and redesigning project of Khorfakkan Beach. The project aligns with Shurooq’s strategy to integrate tourism and family destinations across the Emirate of Sharjah. The project includes the establishment of service facilities and world-class hospitality amenities to host recreational activities. This adds to the tourism ...

ABU DHABI / WAM To build upon its commitment to bring together thought leaders from organisations across the world, the Organising Committee of the 24th World Energy Congress announced on Monday that the Arab Petroleum Investments Corporation (Apicorp) will actively support the 2019 Congress by becoming a Gold Sponsor. To further its ambition of becoming the trusted financial partner to ...