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Bloomberg US Secretary of State Michael Pompeo cited “fundamental disagreement” with China’s foreign minister during a testy exchange in Beijing that highlighted rising tensions between the world’s two largest economies. Pompeo’s retort came after Chinese Foreign Minister Wang Yi accused the US on Monday of escalating trade disputes, interfering on Taiwan and meddling in the country’s domestic affairs. “These actions ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has signed a Memorandum of Understanding with the Medical Tourism Association (MTA), to coordinate efforts to position Abu Dhabi as a world-leading medical tourism destination, with the MTA’s annual World Medical Tourism & Global Healthcare Congress event now being hosted in Abu Dhabi ...

DUBAI / Emirates Business Collector Consulting showcased its growth plans and its products targeted at the global audience at Gitex 2018 held in World Trade Center Dubai. The company currently operates from its head office which is located in Dubai Media City and has its workshop in Al Quoz. Established in 2010 by Omar Chappuis the company is one of ...

Abu Dhabi / WAM The French Embassy in the UAE on Sunday opened a representative office of the French space agency in Abu Dhabi (Centre National d’Etudes Spatiale, CNES) to be the first foreign space agency opening a representative office in the UAE. The announcement was made on the occasion of the visit of Jean-Yves Le Gall, President of the ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), represented by Hamad Obaid Al Mansoori, TRA Director-General, participated in the 16th Annual Meeting of the Arab Regulators Network of telecommunications and information technologies (Aregnet), which was held in Bahrain based on the decisions of the 15th Aregnet meeting, which was hosted by the UAE in Abu Dhabi in September 2017. As ...

Bloomberg Singapore Inc. is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad. Companies in the city-state announced around $91 billion of overseas deals this year through September, more than double the $41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show. Temasek Holdings Pte and GIC Pte ...

Bloomberg Indonesia stands ready to respond to global risks brought about by an intensifying trade war and rising US interest rates that have driven the nation’s currency to a two-decade low, officials said. The government will coordinate its policy response with the central bank and the financial services authority, Finance Minister Sri Mulyani Indrawati told reporters in Jakarta. Bank Indonesia ...

Bloomberg Carmakers are discovering there are limits when it comes to influencing European Union climate policy. A decade after the EU crafted its first caps on carbon dioxide from autos by heeding manufacturers’ calls to go easy, the bloc will likely ignore similar pleas regarding the next set of proposed reduction targets. Slated for 2025 and 2030, these limits will ...

Bloomberg European Commission President Jean-Claude Juncker called on Italy to redouble its fiscal efforts to avoid deviating from the goals agreed to with Brussels, saying the government in Rome has already enjoyed concessions on spending. The commission “has to look out for the observation of the rules, and in the case of Italy we have introduced lines of flexibility in ...

Bloomberg The US boom won’t be enough to stop the rest of the world economy from slowing. Finance ministers and central bankers head to Indonesia next week for the International Monetary Fund’s annual meeting, with the lender signalling it will cut its global growth forecasts for the first time in two years after the best upswing since 2011. That’s despite ...