Bloomberg China’s pledge to boost imports from the US under a recently signed trade deal could end up costing the European Union about $11 billion next year. “If trade costs and hence relative prices do not change, Chinese imports from the US must come at the expense of third countries,” according to Germany’s Kiel Institute for the World Economy, contradicting …

Bloomberg Oil fell as global markets remained comfortably supplied despite the suspension of exports from Libya, and as equities faltered on political and economic worries in Asia. Brent crude lost as much as 1.8% in London, approaching $64 a barrel. Libyan ports have been closed on the orders of militia leader Khalifa Haftar while he haggles over a peace settlement …

DUBAI / WAM Emaar Properties PJSC signed a Memorandum of Understanding with Xiaomi, a global technology leader with the world’s largest Internet of Things (IoT), consumer platform, to launch ‘Emaar Smart Home’ – a new, next-generation product for customers to experience the latest smart home technology powered by Artificial Intelligence. Emaar’s new product will launch in 2020 as an exclusive …