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Bloomberg Chinese authorities have taken over the US consulate in Chengdu following its closure, the latest historic milestone marking the deterioration in relations between Washington and Beijing. The US lowered its flag over the American consulate in the southwest Chinese city on Monday, less than three days after the US government forced their Chinese counterparts out of their mission in ...

Bloomberg Spain’s tourism industry is at increasing risk of being shut down as countries across Europe seek to restrict visits to the Mediterranean nation, following an order by the British government to quarantine visitors. A steady increase in new infections in Spain last week pushed Boris Johnson’s government to order a 14-day quarantine for all visitors from Spain. Other European ...

Bloomberg Wirecard AG rose the most since June after it revealed that more than 130 investors are eyeing the company’s assets. Some 60 potential buyers have signed confidentiality agreements relating to the bidding for Wirecard’s North America unit, and 77 have done so for its core business of acquiring and issuing, the company’s insolvency administrator, Michael Jaffe, said in a ...

Bloomberg German businesses are growing increasingly optimistic that government support at home and an unprecedented euro-area fiscal plan will bolster demand and drive an economic recovery later this year. Expectations at companies surveyed by the country’s Ifo institute improved to 97 in July from a revised 91.6 in June, the strongest reading since late 2018. The main business climate index ...

Bloomberg The UK proposed strict new limits on junk food advertising as ministers seek to control the country’s growing obesity problem, which has been identified as a factor in coronavirus deaths. Plans include banning TV and online advertising of foods high in fat, sugar or salt before 9 p.m., the Department for Health and Social Care said on Monday. Advertisers ...

Abu Dhabi / WAM Tabreed, the National Central Cooling Company, released on Sunday its consolidated financial results for the first six months of 2020. The company reported in a statement on Sunday a net profit of AED 224.30 million, driven by the acquisition of its Downtown Dubai district cooling business in a long-term partnership with Emaar, one of the world’s ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, signed a virtual Memorandum of Understanding (MoU) with Lina G. Mendoni, Minister of Culture and Sports of Greece, to reinforce the cultural and creative cooperation between the UAE and Greece. The signing took place on the sidelines of the UAE-Greece Strategic Cooperation Forum, which was held ...

Abu Dhabi / WAM Emirates Post is expanding its product offering with the introduction of a digital location management service for the UAE businesses, called ‘Smart Places’. In partnership with Local Knowledge, a local listings management company, the new service will provide an easy and accessible solution to business owners who seek to claim and update their business on Google ...

Sharjah / WAM A study by the Expo Centre Sharjah on the reality of the global exhibitions sector and the prospects amid the repercussions of the Covid-19 pandemic has shown that 74 percent of those participated in the study underlined that virtual shows are seen as important complementary to the physical exhibitions, while 60 percent said that online exhibitions will ...

Bloomberg FirstEnergy Corp’s chief executive officer pushed to distance the company from its former unit that owns nuclear plants benefiting from an Ohio state law at the crux of an alleged racketeering and bribery conspiracy. CEO Charles Jones said the company hasn’t had control of decisions made by its former FirstEnergy Solutions unit, now Energy Harbor, since November 2016. And ...