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‘UAE Cabinet pursues key approaches for excellence in government work’

  Dubai / WAM The UAE Cabinet pursues leading approaches to excellence in government work, and relies on creative work and management teams that are committed to modernisation and innovation to meet world-class standards, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said on Monday. Stronger co-operation and co-ordination between local and federal ...

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New Zealand Foreign Minister conferred First Class Order of Zayed II

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, bestowed the First Class Order of Zayed II on Murray McCully, Minister of Foreign Affairs of New Zealand, in recognition to his efforts in strengthening joint bilateral relations and developing co-operation between the UAE and New Zealand. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign ...

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North Korea fires 4 banned ballistic missiles into sea

  SEOUL / AP North Korea on Monday fired four banned ballistic missiles that flew about 1,000 kilometers (620 miles) on average, with three of them landing in waters that Japan claims as its exclusive economic zone, South Korean and Japanese officials said. The test-launches appeared to be a reaction to huge US-South Korean military drills that those countries consider ...

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Housing worries may make Australia to hold rates

  Bloomberg Philip Lowe has some high-powered backing if he leaves interest rates on hold Tuesday as widely expected. Days after the Reserve Bank of Australia governor signaled that rate cuts weren’t in the national interest amid record household debt, the securities regulator said it was looking at mortgage lending standards across the banking sector. The Organisation for Economic Co-operation ...

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China defense-spending confusion highlights strategic worries

  Bloomberg China omitted a key defense spending figure from its budget for the first time in almost four decades — before an official disclosed the number — highlighting concerns about transparency in the world’s largest military. While authorities said defense expenditures would rise “about 7 percent” this year, the budget report published by the Ministry of Finance on Sunday ...

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China’s $150 billion dining out scene lures foreign dairy firms

  Bloomberg In an industrial kitchen in a leafy, residential suburb of central Shanghai, a quiet culinary evolution is taking place. Beside shelves stacked with butter mounds the size of bread loaves and 11 pound (5 kilogram) cheese wheels, chefs are experimenting with exotic ingredients that their New Zealand supplier, Fonterra Cooperative Group Ltd., wants to become ubiquitous in China: ...

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Beijing considers dialing back or delaying e-car quota

  Bloomberg China is considering dialing back or delaying proposed measures aimed at pushing automakers to produce more electric vehicles, after industry feedback that the targets are overly ambitious. Under draft rules released in September for public consultation, automakers will be required to obtain a new-energy vehicle credit score of 8 percent next year, derived from different weightings assigned to ...

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Standard Life to buy Aberdeen in US$4.7 billion stock deal

  Bloomberg Standard Life Plc, Scotland’s largest insurer, agreed to acquire Aberdeen Asset Management Plc for about 3.8 billion pounds ($4.7 billion), a deal that would create the UK’s largest active manager. The stocks soared in London trading. Under the terms, Standard Life shareholders will own 66.7 percent of the combined group, according to a joint statement on Monday. Aberdeen’s ...

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BT Group pays $1.5 billion to keep ‘broadcast rights’ in UK

  Bloomberg BT Group Plc will spend 1.18 billion pounds ($1.45 billion) to hold on to broadcast rights for Champions League soccer in the UK, agreeing to a 32 percent price increase to secure the future of its pay-TV business. Britain’s former telephone monopoly will pay 394 million pounds a year for three seasons ending in 2020-2021, BT said in ...

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Khalifa dedicates Year of Giving to UAE martyrs

  ABU DHABI / WAM The UAE President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, has dedicated the Year of Giving along with all its initiatives and activities to the UAE martyrs in memory of their heroic deeds and in appreciation of their sacrifices. The President’s directive aims to instill the values of generosity and selflessness, which the martyrs ...

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