November, 2018

• 28 November

  Work mechanisms in environment, municipalities sectors to be developed

  Abu Dhabi / WAM The UAE Government launched four new initiatives in a bid to develop work mechanisms in both the environment and municipality sectors in different regions across the UAE. The initiatives aim to promote the National Animal Welfare Plan, increase local agricultural and livestock production, and promote awareness about the concept of climate change and related measures amongst ...

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• 28 November

  UAE to bolster global position in AI, blockchain technologies

  Abu Dhabi / WAM The Second UAE Government Annual Meetings, held in Abu Dhabi, witnessed the launch of two national initiatives aimed at reinforcing the artificial intelligence, AI, and Blockchain sector to strengthen the UAE leading position globally. During the meeting held by the AI and Blockchain Joint Working Group, attendees tackled the appropriate mechanisms to attract foreign investment, encourage ...

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• 28 November

  Ukraine standoff part of Kremlin ‘long game’

  

  Bloomberg The flare-up between Russia and Ukraine off the coast of Crimea has stirred fears their conflict is set to reignite. Ukraine’s leader has warned dramatically of such a scenario. More likely, according to an analysis by Chatham House, is that the aggression is simply the latest gambit in President Vladimir Putin’s long game to chip away at his neighbour’s ...

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• 28 November

  Pakistan PM says army wants to mend frosty ties with India

  

  Bloomberg Pakistan’s Prime Minister Imran Khan said his political party and the nation’s powerful military are “all on one page” in wanting to mend ties with arch-rival India. “We want to move forward, we want a civilised relationship,” Khan said in a speechwhile opening a border crossing with India for Sikh pilgrims in Punjab. The former cricket star reiterated his ...

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• 28 November

  May backs down over Brexit votes in parliament

  

  Bloomberg UK Prime Minister Theresa May has backed down in a key Brexit battle with Parliament, ditching moves to stop lawmakers trying to re-write her plans, according to an official. The government had intended to try to prevent the House of Commons from changing the terms of May’s agreement with the European Union before politicians finally vote on it. But ...

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• 28 November

  French ‘yellow vests’ to continue protests

  

  Bloomberg Organisers of the demonstrations that blocked roads across France for 10 days say they are unimpressed by the government’s response and have called for another protest in Paris even after last weekend’s turned violent. President Emmanuel Macron said he heard the “deep anger” against the rising cost of living and offered “adaptations” to controversial energy taxes, while vowing to ...

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• 28 November

  Jack Ma is Communist Party member now

  

  Bloomberg Jack Ma, co-founder of China’s most valuable company, was officially confirmed as a member of the Communist Party in a state-backed newspaper recognizing business leaders for their contributions to the country’s development. Ma, co-founder and chairman of e-commerce giant Alibaba Group Holding Ltd., is one of 100 people the Communist Party of China’s Central Committee will honor as part ...

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• 28 November

  Stocks rally, dollar falls on dovish Powell signal

  

  Bloomberg US stocks rallied, Treasuries turned higher and the dollar fell after a dovish tone from the Federal Reserve chairman fueled speculation the central bank is closer than thought to pausing on rate hikes. The S&P 500 surged to a session high and the Dow Jones Industrial Average jumped more than 400 points after Jerome Powell said rates are “just ...

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• 28 November

  Pound may surge if Brexit hurdles passed

  

  Bloomberg The pound could revisit this year’s high above $1.43 if Brexit uncertainty is removed, as long-term foreign investors are waiting in the wings to scoop up UK assets for their attractive valuation, according to NatWest Markets. Sterling is undervalued against most Group-of-10 currencies in terms of OECD purchasing power parity. It has fallen 14 percent against the dollar, 13 ...

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• 28 November

  Bitcoin hits 4-month high

  Bloomberg Bitcoin’s biggest gain since July is providing some relief to battered cryptocurrency investors, but it may be too soon to call a bottom. That’s the assessment of Kenetic Capital’s Jehan Chu after Bitcoin rallied, climbing 5.6 percent to $3,980 in Hong Kong. The virtual currency is on course for its largest advance since July 24, according to Bloomberg composite ...

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