July, 2018

• 8 July

  UAE imported 18,485 tonnes of European cheese

  Dubai / WAM The UAE is one of the largest importers of European cheese according to the latest statistics from the European Union, with 18,485 tonnes imported in 2017. Saudi Arabia, Lebanon, Iraq, Jordan and Kuwait also underscored the popularity of cheese, importing 17,900 tonnes of French cheese alone. “European cheese exporters are keen to explore opportunities in the region ...

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• 8 July

  UAE medics save 3-year old Yemeni girl in Hodeidah

  

  HODEIDAH / WAM A four hour operation carried out by the UAE Advanced Surgical team has saved the life of a three-year old Yemeni girl who was seriously injured by a mortar shell fired by the Houthi militia. The child, Sumaiya, was at her family home in the At Tuhayat District of Hodeidah when it was hit by the shell, ...

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• 8 July

  ZTE loses Italy deal even as US restrictions begin to ease

  

  Bloomberg The Trump administration is letting ZTE Corp. resume some business activities while the US weighs an end to a seven-year ban on the Chinese telecommunications company. The easing of restrictions didn’t come soon enough for ZTE’s bid to win a contract in Italy to supply wireless equipment to Wind Tre SpA. ZTE lost the deal because it’s barred from ...

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• 8 July

  Tencent plans spinoff, US listing of online music unit

  

  Bloomberg Chinese internet giant Tencent Holdings Ltd. is planning to spin off its online music entertainment business and list its shares in the US through a public offering, the company said in a filing to the Hong Kong stock exchange on Sunday. Tencent, China’s largest social media and gaming company, said terms of the proposal, including size, price and range, ...

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• 8 July

  Singapore announces surprise property curbs to cool market

  

  Bloomberg Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling, as analysts predicted the end of a nascent home price rebound and the deflation of a buoyant market for collective sales. The tightened rules sharply increase buyers’ stamp duties for entities such as developers. Singapore’s benchmark Straits Times Index dropped 2 percent Friday as property developers and ...

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• 8 July

  Japan floods: Death toll rises to 66

  Bloomberg Flooding and landslides throughout western Japan have killed at least 66 people, forced thousands from their homes, knocked out electricity and halted operations at companies ranging from Panasonic Corp. to Amazon.com Inc. The death toll from what’s described as “historical rainfall” nearly tripled on Sunday from July 7, with local television showing overflowing rivers, submerged vehicles, collapsed roads and ...

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• 8 July

  India sees slower shift to EVs in blow to green vehicles goal

  

  Bloomberg India’s shift to electric vehicles has to be “gradual,” a government adviser said, signaling that the country may have further watered down its ambitions of having green vehicles comprise about a third of its fleet by 2030. India needs to push for EVs in a consistent manner over a long period of time and ensure that automobile jobs stay ...

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• 8 July

  US-N Korea talks fail as regime dismisses Trump demands

  

  Bloomberg US-North Korea talks hit their first major stumbling block since last month’s landmark summit between President Donald Trump and Kim Jong-un, with Pyongyang dismissing American demands after two days of negotiations as “cancerous” and “gangster-like.” North Korea’s criticism of the talks in Pyongyang fuelled further doubts about whether Trump will ever achieve his goal of “compete denuclearisation,” much less ...

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• 8 July

  Fate of jailed American hangs over Pompeo’s Vietnam visit

  

  Bloomberg The fate of an American arrested almost a month ago during a rare protest in Vietnam is likely to be raised by US Secretary of State Mike Pompeo in Hanoi. Houston native William Nguyen was detained June 10 during a Ho Chi Minh City protest against proposed special economic zones that Vietnamese fear will lead to Chinese encroachment and ...

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• 8 July

  S Africa ex-president’s son to face court charges

  

  Bloomberg The son of South Africa’s ex-President Jacob Zuma will appear in two separate court cases this week after returning to the country to attend his brother’s funeral, adding to the controversy around the former ruling family’s activities. Duduzane Zuma, 34, has been asked to appear in the Specialized Commercial Crimes Court in Johannesburg on Monday, his lawyer Rudi Krause ...

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