June, 2017

• 3 June

  Bridge linking Al Khail Road and Financial Centre Road hits 90% completion

  Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has announced that completion rate had exceeded 90 percent in the project works of the bridge running from Al Khail Road to the Financial Centre Road. Works in the AED177 million project, which is undertaken by RTA in coordination ...

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• 3 June

  UAE voluntary team treats children, elderly people in Sudan

  

  Khartoum / WAM The UAE Voluntary Team have launched the mobile clinics and hospital in the White Nile State, Sudan, to provide medical treatment to hundreds of children and elderly people there. The joint team of Emirati-Sudanese doctors supervise the campaign within the framework of the UAE Societal Voluntary Programme. The move comes in response to the official invitation from ...

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• 3 June

  TBHF calls for Zakat donations to help Iraq, Syria, Palestine refugees

  Sharjah / WAM As part of its efforts to alleviate the suffering of refugees and improve their quality of life, The Big Heart Foundation (TBHF), announced that it is welcoming all Zakat donations from individuals and corporations in the UAE. The funds generated from the campaign will go towards supporting refugees and displaced populations, particularly women and children. TBHF has ...

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• 3 June

  India to review $900bn export target in trade policy rejig

  

  Bloomberg India is set to prune its ambitious export target of $900 billion as Prime Minister Narendra Modi’s government works on reviewing the foreign trade policy amid continued global weakness and uncertainty. The reassessment comes as India slogs it out in negotiations for a regional trade deal that would account for almost 30 percent of global GDP and over a ...

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• 3 June

  Western Digital plans new offer for Toshiba chip unit

  

  Bloomberg Western Digital Corp. plans to present Toshiba Corp. with a revised offer for its memory chip unit next week in order to resolve an increasingly bitter conflict over the future of a business the two companies jointly own, according to a person familiar with the matter. The US company’s Chief Executive Officer Steve Milligan will travel to Tokyo next ...

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• 3 June

  China’s graduate salary slumps

  

  Bloomberg Wages for China’s newest college graduates are plunging even as their ranks rise to a record. That’s unwelcome news for the nation’s young elite, but it may aid policy makers striving to shift the economy into higher technology industries and services. Monthly salaries plummeted 16 percent to 4,014 yuan ($590) this year for a second-straight annual decline, data from ...

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• 3 June

  Chinese firm buys 253-yr-old crystal maker Baccarat

  Bloomberg French crystal maker Baccarat is changing hands 253 years after it was founded by royal decree of King Louis XV. Chinese investment company Fortune Fountain Capital Ltd. is buying a controlling stake from Baccarat’s private-equity owners for about 164 million euros ($184 million), according to a statement. The deal ends more than a decade of ownership by Starwood Capital, ...

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• 3 June

  Paris exit leaves Trump isolated

  

  Bloomberg The response to President Donald Trump’s announcement he was exiting the Paris climate accord and wanted to renegotiate on his terms was immediate: The leaders of France, Germany and Italy said no. On Wall Street, corporate executives pilloried the businessman president. Goldman Sachs’ CEO tweeted for the first time, calling the move a setback for the world. Tesla Inc.’s ...

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• 3 June

  Trump reviewing whether to block Comey ‘testimony’

  Bloomberg The White House is reviewing whether to invoke executive privilege to prevent former FBI Director James Comey from testifying before a congressional panel next week. Comey is scheduled to testify on Thursday before the Senate Intelligence Committee about his May 9 firing by President Donald Trump. The panel is investigating Russian meddling in the 2016 presidential election and whether ...

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• 3 June

  UK voters grill May, Corbyn in last TV event of election

  Bloomberg The final television event of Britain’s general election campaign saw both Prime Minister Theresa May and her main challenger, Labour leader Jeremy Corbyn, take a pummeling from angry voters. May has refused to directly debate Corbyn, and so the BBC’s “Question Time” featured the two leaders consecutively, with the prime minister going first. There was no gentle warming up, ...

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