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China brands taking over Indian smartphone sector

  Bloomberg Chinese smartphone brands led by Vivo have muscled out local rivals in India with increasingly stylish yet affordable devices, challenging Samsung Electronics Co. for supremacy in the world’s fastest-growing major phone market. Chinese labels occupied four of the top five spots in 2016’s final quarter, shoving aside Micromax and Intex, according to a Counterpoint Research report released. Samsung ...

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Year of the Rooster waking up China’s palm oil demand

  Bloomberg As China welcomes the Year of the Rooster this week, bets that a recovery in Asian palm oil production will drive prices lower may be something for consumers to crow about. While high prices may keep Chinese buyers on the sidelines in the first part of the new year, an expected surge in supply later in 2017 in ...

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Vietnam factories optimistic despite Trump snub

  Bloomberg Vietnamese clothing maker NhaBe Garment Corp. had a lot riding on the Trans-Pacific Partnership. The supplier to brands such as Calvin Klein, Michael Kors and Kenneth Cole has seen its exports more than doubled since 2011 to $729 million last year — and it increased its factories two-fold to 35, betting on a big drop in tariffs from ...

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China’s metals curb plan risks shortages in alumina

  Bloomberg China’s proposal to halt some metals production to fight air pollution over the winter would create shortages of alumina but have a more limited impact on aluminum supply, according to China’s top industry body, which has been consulted on the plan. The proposal involves an alumina suspension in three provinces that would affect about a fifth of the ...

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Trump’s TPP pullout move US leaves farmers behind

  Bloomberg Donald Trump’s push against trade deals he says have devastated small-town US workers is bringing disappointment to another key piece of his rural American coalition: Farmers and ranchers who heartily supported the president in hopes of less regulation and lower taxes. Trump’s decision on Monday to pull out of the Trans-Pacific Partnership, which would have reduced tariffs and ...

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UK economy’s Brexit success still has companies fretting

  Bloomberg The UK economy may have cleared its 2016 Brexit test, but that’s not easing companies’ concern about the approaching challenges. Days before figures are predicted to show a healthy 0.5 percent expansion in the last quarter of 2016, businesses from airline EasyJet Plc to telecommunications firm BT Group Plc cited Brexit-linked problems such as a weaker pound and ...

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VP launches SME Classification System

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday launched the SME Classification System. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai attended the launch event at the headquarters of Dubai Executive Council, Emirates Towers. Sheikh Mohammed affirmed that the UAE will ...

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Russia-led Syria talks end with truce pledge amid Iran tensions

  Bloomberg Russian-led talks on Syria ended with agreement on Tuesday to bolster a cease-fire even as apparent disputes with Iran, a staunch supporter of Syrian President Bashar al-Assad, threaten to hold up efforts to end the six-year civil war. Russia, Turkey and Iran will set up “a trilateral mechanism to observe and ensure full compliance with the cease-fire, prevent ...

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DCCA partners with MOHAP to develop health sector

  Dubai / Emirates Business Dubai Creative Clusters Authority (DCCA), a government regulatory body mandated to foster the economic development of Dubai’s creative clusters and related knowledge industries, signed a partnership agreement with the UAE Ministry of Health and Prevention (MOHAP) to support the country’s efforts in developing the healthcare sector and providing an enabling environment for advancing the pharmaceuticals ...

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