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Bloomberg US President Joe Biden said he and China’s Xi Jinping have reaffirmed their agreement on Taiwan, as top envoys for the two countries were expected to discuss simmering tensions over the democratically ruled island during talks in Zurich. Biden told reporters after returning from a trip to Michigan that he and the Chinese president spoke and agreed to stick ...

Bloomberg The US trade deficit widened to a record in August, reflecting a pickup in the value of imports of consumer goods and industrial supplies. The gap in trade of goods and services increased 4.2% to $73.3 billion, from a revised $70.3 billion in July, according to Commerce Department data. The median estimate in a Bloomberg survey of economists was ...

Bloomberg Canada’s trade surplus with the rest of the world expanded significantly in August on larger energy exports. The country’s merchandise trade surplus was C$1.94 billion ($1.5 billion) from a revised C$736 million surplus in July, Statistics Canada reported in Ottawa. Economists were expecting a surplus of C$430 million, according to the median estimate in a Bloomberg survey. August was ...

Bloomberg Prime Minister Boris Johnson sought to play down a supply chain crisis that’s seen fuel shortages across the country and farm animals threatened with destruction, calling it a “turning point” for the UK economy as it emerges from the pandemic and after leaving the European Union. In interviews, Johnson pushed his relentlessly positive message that the country will benefit ...

Bloomberg Facebook Inc Chief Executive Officer (CEO) Mark Zuckerberg addressed a series of negative stories about the company for the first time by saying accusations that it puts profit over user safety are “just not true.” “It’s difficult to see coverage that misrepresents our work and our motives. At the most basic level, I think most of us just don’t ...

ABU DHABI / WAM The UAE Space Agency on Tuesday announced the commencement of a new Emirati interplanetary mission, designed to further accelerate the young nation’s space engineering, scientific research and exploration capabilities and drive innovation and opportunity in the country’s private sector. The announcement was made during a ceremony attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy and Chairman of the Expo 2020 Dubai Higher Committee, on Tuesday inaugurated the 23rd Water, Energy, Technology, and Environment, Exhibition (Wetex) and Dubai Solar Show, at Dubai Exhibition Centre, Expo 2020 Dubai. Dubai Electricity and Water Authority (Dewa) is organising the ...

Abu Dhabi / WAM Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi, has inaugurated the second exhibition by Louvre Abu Dhabi this year, titled ‘Dragon and Phoenix – Centuries of Exchange between Chinese and Islamic Worlds’. The exhibition opens to the public on Wednesday October 6 and will run until February 12, 2022. ...

Bloomberg UK oil-service provider Petrofac Ltd must pay a $95 million penalty by a London judge for failing to prevent bribery between 2011 and 2017. The penalty includes a $64 million fine and a $31 million confiscation order. The levy comes after the company pleaded guilty to seven bribery offenses, in a deal with the UK’s Serious Fraud Office (SFO). ...

Bloomberg Secretary of State Antony Blinken met French President Emmanuel Macron and other top French officials in Paris on Tuesday as the US looks to move past a spat over a defense agreement with Australia and the United Kingdom. Blinken and Macron met for 30 to 40 minutes to discuss deeper cooperation in the Indo-Pacific and the Sahel region of ...