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Bloomberg China will host US officials for a new round of dialogue on trade issues, Vice Foreign Minister Zhang Yesui said at a briefing, as tensions rise between the world’s two largest economies. Zhang, who is also spokesman for the National People’s Congress, said that China doesn’t want a trade war but wouldn’t allow its interests to be harmed. He ...

Bloomberg Tencent Holdings Ltd. Chairman Ma Huateng called on the Chinese government to introduce an ID system that would link multiple sets of travel documents with a mobile phone as part of a plan to boost regional trade between Hong Kong and Mainland China. China’s second-richest man said new technology systems and laws could let Hong Kong residents make electronic ...

Bloomberg The European Union may beef up a plan to screen foreign investments as China’s pursuit of acquisitions abroad fosters political unease in the bloc, according to a key EU lawmaker. Franck Proust, a French member of the European Parliament, said the assembly and EU governments may reach an agreement by year-end on the first bloc-wide rules meant to prevent ...

Bloomberg Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a recent meeting included changing the division’s legal structure to a private limited company under ...

Bloomberg Embattled Anbang Insurance Group Co.’s plan to convert much of Manhattan’s Waldorf Astoria hotel into luxury condos has been the subject of speculation from Wall Street earnings calls to the pages of the New York Post. Now, evidence that the project is going forward is emerging from an unlikely source: a moving van owned by a little-known religious group. ...

Bloomberg South Korean President Moon Jae-in will send his top national-security adviser as well as his chief spy as special envoys to Pyongyang on Monday in a bid to persuade Kim Jong Un to open talks with Washington, in the latest bid to avoid a potential conflict over the country’s nuclear program. The 10-member group will be led by Chung ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has affirmed that the UAE supports all forms of creativity and innovation and will continue its efforts to bring happiness and greater welfare to its people. His Highness Sheikh Mohammed made the remarks on Saturday while visiting the Dubai ...

Abu Dhabi / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) has started the implementation of the first phase of its initiative to cultivate three coral gardens over a total area of 850 square meters in Ras Al Khaimah, Umm Al Quwain, and Ajman. As part of the initiative, MOCCAE has succeeded in cultivating 24 species of corals ...

DUBAI / WAM The Ministry of Economy (MoE), the Abu Dhabi Department of Economic Development (DED), and the Emirates Scientists Council (ESC), have signed a joint cooperation agreement to reinforce partnership between the three parties to support the Technology and Innovation Pioneers Platform (TIP), and the UAE Council of Sciences to encourage national inventors and innovators to continue their creative ...

DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), stressed the importance of adopting innovative solutions for financing RTA’s future projects, establishing creative models for funding mobility projects, and boosting the public-private partnership (PPP). Al Tayer made these remarks during the opening of the Innovation Lab about the ...