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Bloomberg To understand why President Donald Trump slapped a global tariff on washing machine imports rather than singling out offending countries, it helps to follow the years-long cat-and-mouse game between US officials and South Korean manufacturers LG Electronics and Samsung Electronics. In 2011, US rival Whirlpool Corp. accused the two Asian companies of dumping machines made in South Korea and ...

Bloomberg Russia should stop blocking United Nations efforts to investigate alleged violations of a 2013 accord to remove chemical weapons from Syria, US Secretary of State Rex Tillerson said. As the party ultimately responsible for chemical weapons use by the Syrian regime, Russia should at least abstain during UN Security Council votes, Tillerson said in Paris at the end of ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, reviewed the progress of Dubai Creek Tower, the global icon in the heart of the 6 square kilometre Dubai Creek Harbour. His Highness was accompanied by HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received Aga Khan IV, Imam of the Shia Ismaili Muslims, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. During the meeting, Sheikh Mohammed and Aga Khan exchanged ...

DUBAI / WAM Expo 2020 Dubai has launched its first international marketing campaign, using hands to demonstrate the power of human collaboration. Using bold colours and the dexterity of dozens of hands, the campaign visuals create the illusion of easily recognisable objects, such as the Burj Khalifa, a lightbulb, Earth and wind turbines. The launch comes with 1,000 days to ...

Abu Dhabi / WAM A record 4.87 million people stayed in Abu Dhabi’s 162 hotels and hotel apartments during 2017, with the emirate recording an impressive 9.8 percent year-on-year rise. Figures released by the Department of Culture and Tourism – Abu Dhabi (DCT) for its hospitality sector reveal that the number of guests staying in Abu Dhabi city during the ...

Bloomberg The Tata Group sees potential for significant growth in financial services without relying on acquisitions, as India’s largest conglomerate looks to sharpen its focus on about half a dozen businesses. “Both our insurance business and non-banking finance company have got a huge opportunity to grow,” Natarajan Chandrasekaran, chairman of group holding company Tata Sons, said in an interview with ...

Bloomberg The Philippines retained its position as one of the world’s fastest-growing economies after expansion exceeded 6 percent for a sixth year. Gross domestic product increased 6.7 percent in 2017, the Philippine Statistics Authority said in Manila on Tuesday, matching the median estimate in a Bloomberg survey of economists. The economy rose 6.6 percent in the fourth quarter from a ...

Bloomberg After a year of chest thumping, President Donald Trump has finally delivered the type of trade blow his political base has been craving. Trump slapped tariffs on imported solar panels and washing machines in his first major move to level a global playing field he says is tilted against American companies. The decision came two days after the one-year ...

Bloomberg Britain recorded its smallest budget deficit for any December in 17 years as value-added tax receipts reached a record and the Treasury received a bumper credit from the European Union. Net borrowing narrowed to 2.6 billion pounds ($3.6 billion), well below the median forecast of economists, from 5.1 billion pounds a year earlier, figures showed. It left the shortfall ...