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Bloomberg Sri Lanka will “redouble” efforts to strike a free trade deal with China and conclude and expanded trade pact with India as part of the island nation’s strategy of becoming an Indian Ocean hub for investors and multinationals, the country’s top diplomat says. Colombo inked a comprehensive free trade deal with Singapore in January and now has the bandwidth ...

Bloomberg US President Donald Trump called for continued pressure against Kim Jong Un, after China said the North Korean leader expressed an openness to disarmament talks during a surprise visit to Beijing. Trump struck an optimistic tone after the unexpected summit with Chinese President Xi Jinping, saying in a pair of early morning tweets on Wednesday that Kim might “do ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday received the President of South Korea, Moon Jae-in, and his accompanying delegation, currently on an official visit to the country. Sheikh Mohammed bin Rashid welcomed the guest and expressed hope that the visit would result in ...

Dubai / WAM South Korea is committed to expanding cooperation with the UAE in new sectors as both countries push ahead with strategic plans to further develop their economies, President Moon Jae-in of South Korea, told government and business leaders at the UAE-Korea Business Forum on Tuesday in Dubai. Speaking at the forum, which will run until Wednesday, President Jae-in ...

Abu Dhabi / Emirates Business Figures released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) for its hospitality sector reveal that the number of hotel guests staying in the emirate during February rose 15.2% compared to the same month the previous year, with a surge in Chinese guests spearheading impressive increases for all key source ...

ABU DHABI / WAM The National Media Council (NMC’s), Board of Directors has underlined the importance of developing local media content production to achieve the National Agenda 2021 and the UAE Centennial 2071 Plan, at its meeting, chaired by Dr Sultan bin Ahmad Al Jaber, Minister of State and NMC Chairman. Present at the meeting were Noura bint Mohammed Al ...

Bloomberg The US president often accused of cozying up to the Kremlin suddenly looks closer than ever to the European allies he’s sometimes snubbed. Donald Trump expelled 60 Russian diplomats considered spies from the US, the most since 1986, demonstrating united resolve with Europe after the UK blamed Vladimir Putin’s government for a March 4 nerve-agent attack on a former ...

Bloomberg Xiaomi Corp. unveiled its latest top-tier smartphone to bring the fight to Apple and Samsung, as the Chinese startup readies a highly anticipated initial public offering. Co-founder Lei Jun showed off the MIX 2S, which starts at 3,299 yuan ($527). The phone—on paper— sports many of the bells and whistles familiar to power users but is about half the ...

Bloomberg Commercial land prices in Japan rose by the most in a decade last year, thanks to a years-long tourism boom and ultra-low lending rates. The average price of commercial land nationwide rose 1.9 percent, the most since 2008, the land ministry said. The average price outside the three biggest metropolitan areas rose 0.5 percent—the first gain in 26 years. ...

Bloomberg British employers have become reliant on European Union workers and are concerned about restrictions after Britain leaves the bloc next year, according to a government-commissioned study published. “Employers were fearful about what the future migration system might be,” the Migration Advisory Committee said in an interim report. “Many employers in lower-skilled sectors have built a business model in which ...