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China’s public-private partnerships are ‘public-public’

  Bloomberg China’s effort to promote public-private partnerships to fund roads, bridges and railways and keep a lid on rampant debt growth is succeeding in luring companies to the projects. Problem is, they’re mainly state-owned. Two years into the PPP push, the majority of partners in the projects have turned out to be state-owned enterprises, according to analysts at Fitch ...

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Turkey seeks US support to attack IS group Syria bastion

  Bloomberg Turkey is seeking US support to lead a ground offensive against IS main stronghold in Syria, a Turkish official said, a move that could give President Recep Tayyip Erdogan more influence in the conflict and undermine Kurdish groups linked to separatists he’s fighting at home. Troops and Syrian rebels loyal to Ankara would advance on Raqqa through areas ...

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Samsung’s big deals, decisions on hold as Lee faces indictment

  Bloomberg The indictment of Samsung Electronics Co. de facto chief Jay Y. Lee and four other top executives on bribery and embezzlement charges threatens the company’s ability to make major strategic decisions, including acquisitions and management changes. While the world’s biggest maker of mobile devices has capable managers who will, as before, continue to roll out new products and ...

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Hyperloop One pitches to operate carrier in India

  Bloomberg Hyperloop Technologies Inc., which is building a super-fast transportation solution based on an idea by billionaire Elon Musk, is in initial talks with the Indian government and companies to partially build and operate the vehicle on some routes, its chief executive officer said. The Los Angeles-based company, known as Hyperloop One, will decide by end of this year ...

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Escondida deal hopes fade over contradicting views

  Bloomberg Copper traders were left confused over the state of play at the world’s top copper mine: the owner said wage talks had resumed, while the union said striking workers have had no contact with management for a week. “The good news is that we are back around the table and things are starting to come together in some ...

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UK steel warns of Brexit pain as protectionism spreads

  Bloomberg Brexit may aggravate a headache for the UK’s embattled steel industry: more under-priced Chinese supply, according to a trade group. Britain, which is looking toward a future of free trade outside the European Union, has for years resisted a proposal that would raise EU tariffs on imported steel, saying it would increase costs for users. If the UK ...

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‘National service builds generations capable of addressing challenges’

  ABU DHABI / WAM The national service is one of the bedrocks for building generations who are capable of addressing challenges and instilling the values of loyalty, belonging and sacrifice for protecting the nation, preserving its achievements and gains, spurring national development and consolidating the nation’s security and stability, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

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Mohammed tours Gulfood 2017

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, toured on Monday the Gulfood 2017, a food and beverage commodity expo, held at Dubai World Trade Centre (DWTC). Sheikh Mohammed was accompanied by Chairman of Dubai Civil Aviation and Chief Executive of Emirates Group HHSheikh Ahmed ...

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Foundation stone laid for AED1.3bn Silicon Park Project

  Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, unveiled on Monday the commemorative plaque and laid the foundation stone of “Silicon Park”, the first integrated smart city project taking shape at the hi-tech park. Once complete, ...

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New anti-IS strategy ‘may mean’ deeper US involvement in Syria

  WASHINGTON / AP A new military strategy to meet President Donald Trump’s demand to “obliterate” the IS group is likely to deepen US military involvement in Syria, possibly with more ground troops, even as the current US approach in Iraq appears to be working and will require fewer changes. Details are sketchy. But recommendations due at the White House ...

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