August, 2018

• 15 August

  Railways are path to North Korea peace: S Korea’s Moon

  Bloomberg South Korean President Moon Jae-in proposed setting up an “East Asian Railroad Community” that includes the US and North Korea as he seeks to tamp down rising tensions between the two adversaries. Moon said in an address on Wednesday that the new economic community would connect his country’s railroads to those of other northeast Asian nations. He compared the ...

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• 15 August

  Italian populists blame EU after 35 killed in bridge disaster

  

  Bloomberg The populists setting the agenda in Italy’s coalition government seized on the collapse of a bridge in northern Italy to question whether they should respect European Union budget constraints. Deputy Premier Matteo Salvini of the euroskeptic League led the way, telling reporters in Catania, Sicily, that the failure of a roughly 50-year-old suspension bridge in Genoa shows how important ...

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• 15 August

  Duterte won’t stop talking about quitting

  

  Bloomberg Philippine President Rodrigo Duterte keeps saying that he’s tired and ready to quit. What’s holding him back? He’s not satisfied with his successor. “Guys, I want you to know that I am thinking of stepping down because I’m tired,” Duterte told a group of executives and politicians at the launch of a business program. Still, he told them he ...

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• 15 August

  Nigerian senate head mulls running for president in Feb

  Bloomberg Nigerian Senate President Bukola Saraki is considering running against President Muhammadu Buhari when Africa’s top oil producer holds elections in February. “I am consulting and actively considering it,” Saraki, 56, said in an interview at his residence in the capital, Abuja. “I believe I can make the change.” After recently defecting from the ruling All Progressives Congress, Saraki said ...

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• 15 August

  Stocks sink amid technology weakness, commodities rout

  

  Bloomberg US stocks headed for their worst day in two months, joining a broad decline in global equities as disappointing earnings from Chinese internet giant Tencent Holdings Ltd. roiled technology shares and a plunge in commodities weighed on resource producers. Crude tumbled to below $65 a barrel after a report that American stockpiles rose the most since March 2017. The ...

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• 15 August

  China slides as yuan falls past 6.9 a dollar

  

  Bloomberg China’s equities and currency slid, with the yuan weakening past 6.9 a dollar for the first time since May 2017 and losses in tech stocks spiraling into a broad selloff. The Hang Seng China Enterprises Index fell 2 percent at the close for its fourth day of losses. Tencent Holdings Ltd. rattled equities after surprising investors with its first ...

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• 15 August

  UAE to spur ties with Australia’s agri, environmental sectors

  

  DUBAI / WAM A UAE delegation, led by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, concluded an official visit to Australia to promote collaboration on various environmental fronts. During the three-day visit, the delegates attended bilateral meetings with top Australian officials and toured multiple environmental and agricultural facilities in the country. At the Parliament House in ...

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• 15 August

  Dewa commissions 2MWp Solar Carport Project

  

  DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) commissioned the 2MWp Solar Carport Project, at its headquarters and at the Ministry of Climate Change and Environment (MOCCAE) building. Dewa launched the project last year as part of the Shams Dubai initiative, to increase reliance on clean energy, support the Smart Dubai initiative, and achieve its vision of becoming ...

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• 15 August

  Etihad, Al Nassr FC enter partnership

  

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC. The multi-season partnership was signed at Etihad Airways’ Innovation Centre in Abu Dhabi, and was attended by senior members of both organisations’ leadership ...

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• 15 August

  dnata launches new service at New York-JFK Airport

  

  New York / Emirates Business dnata, one of the world’s largest air services providers, has launched passenger handling operations at New York-JFK Airport. Already providing ground handling to over 50 airlines in the United States, this is a natural portfolio extension for dnata in New York. The launch customer is Copa Airlines, the flag carrier of Panama, which operates four ...

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