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Bloomberg One of president Donald Trump’s top economic advisers played down the prospects of the administration concluding further phases of a trade deal with China, saying any future negotiations would depend on how an initial accord — due to be signed next week — is implemented. “Phase two’s going to depend a lot on how phase one goes,” Larry Kudlow ...

Bloomberg The US labour market ended the year with less momentum, as payroll gains cooled by more than forecast and wages rose at the weakest annual pace since 2018, even as unemployment held at a half-century low of 3.5%. Nonfarm payrolls rose 145,000 in December, the least since May, after a downwardly revised 256,000 advance the prior month, according to ...

Bloomberg US antitrust enforcers are proposing new guidelines for determining whether to approve mergers that combine companies that don’t compete with one another but operate in the same supply chain. The Justice Department and Federal Trade Commission announced criteria for how they would evaluate so-called vertical mergers in the future. If finalised, the guidelines would replace rules that haven’t formally ...

Bloomberg Amazon.com Inc said it had fired employees for leaking customer email addresses and phone numbers to an unspecified third party, the second time this week the technology giant acknowledged some workers had improperly accessed customer data. “We are writing to let you know that your email address and phone number were disclosed by an Amazon employee to a third ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have officially launched the ‘Seven Lines’ logo as the UAE Nation Brand. The ...

ABU DHABI / WAM The UAE will take a leading role in discussions on the global energy transition at the 10th International Renewable Energy Agency, IRENA, Assembly between 10th and 12th January in Abu Dhabi, at the start of the 13th Abu Dhabi Sustainability Week, ADSW 2020. The UAE delegation to the Assembly will be led by Dr Thani bin ...

Abu Dhabi / WAM Masdar City, Abu Dhabi’s flagship innovative and sustainable urban development, has officially broken the Guinness World Record for the world’s largest mosaic made from recycled materials. The mosaic, which measures 1,015 square metres – around the size of two basketball courts – took one month to assemble and contains almost 90,500 recycled items, including plastic bottles, ...

ABU DHABI / WAM The hospitality sector in Abu Dhabi reported impressive growth across all major KPIs during the last quarter of 2019, revealed the Department of Culture and Tourism – Abu Dhabi. The figures were presented during DCT Abu Dhabi’s regular industry development meeting which sees key representatives from Abu Dhabi’s hotels and industry partners highlighting the latest trends ...

Bloomberg Europe’s manufacturers headed into the new year on a downbeat note, with expectations for both export orders and employment weakening at the end of a rough 2019. The latest sentiment figures from the European Commission came just hours after Germany reported an unexpected drop in manufacturing orders. That’s a volatile figure, but it adds to signs that Europe’s largest ...

Bloomberg For Paul Boudre, US president Donald Trump’s push against Chinese telecommunications companies is less about espionage than the race for technological supremacy. Boudre, the chief executive officer of Soitec, a French maker of semiconductor materials that go into 5G equipment, automobiles, cloud computing and IT infrastructure, says Trump’s actions are aimed primarily at allowing American firms to catch up. ...