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Bloomberg Chinese exports expanded faster than expected in October, providing support for the recovering economy and driving increasing demand for imports, which rose for a second straight month. Exports increased 11.4% in dollar terms in October from a year earlier, while imports gained 4.7%, the customs administration said. That left a trade surplus of $58.4 billion for the month. Economists ...

Bloomberg Car sales continued to recover in China last month as the coronavirus pandemic eased in the country and electric vehicles won more users. Retail sales of cars, SUVs and multiple-purpose vehicles increased 8% from a year earlier to 2.02 million units in October, the China Passenger Car Association (CPCA) said on Monday. Wholesales of new energy vehicles, which includes ...

Bloomberg Ethiopia’s prime minister said he expects conflict in the north of the country to end quickly, dismissing concerns that the fighting may escalate into a full-blown civil war. Federal soldiers continued to clash on Monday with fighters loyal to the Tigray region’s ruling party, six days after Prime Minister Abiy Ahmed ordered forces to respond to an alleged attack ...

Abu Dhabi / WAM AIQ, Schlumberger and Group 42 (G42), signed on Sunday a strategic framework agreement to collaborate on the development and deployment of artificial intelligence (AI), machine learning and data solutions for oil and gas industry. Under the terms of the agreement, the three companies will leverage their combined domain knowledge in digital technology, high-performance computing and cloud ...

Dubai / WAM Dubai Land Department (DLD) announced that the first virtual edition of the International Property Show (IPS) in partnership with Invest in Dubai Real Estate (IIDRE) is set to welcome a diverse international audience and bring the global real estate community together, through the IIDRE programme, from November 11-20. As one of the highlights of the 10-day virtual ...

Dubai / WAM Dubai Customs announced it celebrated 32 disruptive innovations developed throughout 2020, raising the number of innovations developed by the government department between 2010 and 2020 to 237. Dubai Customs also received 14 global awards for outstanding achievement in innovation in 2020 to raise the total number of recognitions and awards to 124. “Prioritising innovation today is essential ...

Dubai / WAM The Roads and Transport Authority (RTA) revealed that the Lost & Found Unit at its Call Centre, Customers Happiness Dep’t received 31,073 reports of items lost in Dubai Taxis during the period from January to September 2020. The resolution rate of these reports within the specified time was as high as 99.9%. “RTA considers customers and service ...

Bloomberg President-elect Joe Biden called on Americans to put aside the divisiveness of the past four years under Donald Trump with a victory speech that promised swift action against the coronavirus pandemic and an orderly transfer of power after a bitter election. “Let’s give each other a chance,” Biden told a cheering, honking crowd at a drive-in rally on in ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced the inauguration of 20 new electricity substations in 2020, as part of its efforts to provide electricity and water services according to the highest standards of availability, reliability and efficiency. The move includes a 400 kV substation in Dubai South with a conversion capacity of 2020 megavolt-amperes (MVA) and nineteen ...

DUBAI / WAM Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) announced the arrival of all the 50 new Dubai Metro trains. 15 of these trains, he said, are designated for serving Expo 2020, and the remaining 35 trains are meant to improve the level of service of the ...