June, 2019

• 24 June

  Mohammed bin Rashid celebrates 10 years of presence on Twitter

  

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, among the early adopters of social media in the region, completes a decade of his presence on Twitter this June. To commemorate his decade-long presence on Twitter, a book featuring a collection of tweets by Sheikh Mohammed ...

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• 24 June

  Ministry approves Uber-Careem deal

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy (MoE), issued a ministerial decision approving the status of Economic Concentration in the UAE market for the upcoming acquisition of Careem – one of the leading start-ups established in the UAE – by global company Uber. Under the Competition Law No. 04 of 2012 and the Executive Regulation ...

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• 24 June

  Trump warns of more Iran sanctions, but few targets left

  

  Bloomberg President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the US to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The US is already sanctioning significant sectors including oil, banks and steel, leaving smaller targets including certain exports and government officials. Trump could hit Iran’s ...

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• 24 June

  Russia accuses US of stoking anti-Kremlin campaign in Georgia

  

  Bloomberg Russia accused the US of stoking mass anti-government protests in neighbouring Georgia that were triggered by public anger at Moscow’s influence in the ex-Soviet nation. The surge in tensions came after at least 240 people were hurt in clashes between police and demonstrators in the Georgian capital, Tbilisi. Protesters were angered by pictures of a Russian lawmaker, Sergei Gavrilov, ...

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• 24 June

  Palestinians protest against Kushner’s economic peace plan

  

  Bloomberg Palestinians demonstrated in the West Bank on Monday against a Trump administration plan to raise tens of billions of dollars to boost their economy, calling it a “snow job” meant to persuade them to give up their goal of statehood. About 2,000 people converged on central Ramallah carrying a coffin meant to symbolise the death of this week’s US-backed ...

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• 24 June

  Prague’s massive protest fails to budge PM

  

  Bloomberg Andrej Babis, the billionaire Czech prime minister, is brushing off the nation’s biggest protest in 30 years, when the nation rose up and toppled communism. As many as 250,000 people rallied in Prague, seeking to pressure Babis to resign over his business interests and concern he may meddle with the courts. The premier, who won power in 2017 on ...

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• 24 June

  Hunt: Johnson dodges scrutiny amid PM race

  

  Bloomberg Boris Johnson faces mounting pressure to submit to public scrutiny, after his rival in the race to be UK prime minister tried to turn questions about the front-runner’s character to his advantage. Foreign Secretary Jeremy Hunt, the underdog candidate in the contest to lead the ruling Conservative Party, called on Johnson to take part in more media interviews and ...

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• 24 June

  Thailand’s $13b plan may woo 65m tourists

  

  Bloomberg Thailand is already struggling to cope with the environmental impact of a tourism boom that’s expected to lure 40 million visitors this year. The influx is on course to hit 65 million a decade from now, signalling an even bigger challenge ahead. Southeast Asia’s second-largest economy plans to pour about $13 billion into expanding airport capacity and connecting major ...

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• 24 June

  Bosideng falls most on record

  

  Bloomberg Bosideng International Holdings Ltd shares fell the most on record after a short seller report questioned the company’s accounting practices. Hong Kong-listed Bosideng overstated its revenue and profit, according to a note published on Monday by Bonitas Research. The stock fell as much as 28 percent before being suspended. Bosideng said in a statement that the report contains “untrue ...

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• 24 June

  China buying more bananas from abroad

  

  Bloomberg Chinese consumers are buying more bananas from abroad than ever before as an increasingly health consciousness middle class helps propel the fruit’s popularity. Imports of bananas surged to a record 227,199 tons in May, according to China’s general administration of customs. That helped lift total shipments of fruits and nuts to 720,000 tons, an almost 8-fold increase from the ...

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