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North Korea’s UN envoy says denuclearisation off table

Bloomberg Denuclearisation is off the negotiating table with the US, North Korea’s ambassador to the United Nations said in a strongly-worded statement that also criticized EU member nations for playing “the role of pet dog” to Washington. Ambassador Kim Song said that the “sustained and substantial dialogue” sought by the US with Pyongyang was a trick done to suit its ...

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WEEGS 2019 to enhance capacities of women

Sharjah / WAM Twenty-nine action and result-oriented workshops touching upon a diverse range of topics, and which seek to promote women’s economic participation and advancement across sectors, will be amongst the key highlights of the second edition of the Women’s Economic Empowerment Global Summit (WEEGS), to be held from December 10-11, at the Al Jawaher Reception and Convention Centre in Sharjah. ...

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Sharjah set to hold bargain furniture fair on Dec 11

Sharjah / WAM With the onset of the festival season, residents looking for best quality furniture and furnishing materials can bank on an upcoming consumer fair in Sharjah. Showcasing the widest range of products from fast-moving high-volume items to high-end designs, at bargain deals, the inaugural home furnishing exhibition “Furniture 360” will bring together leading brands and stores in the ...

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Trump, Moon agree dialogue with N Korea should continue

Bloomberg US President Donald Trump and his South Korean counterpart Moon Jae-in said talks involving North Korea should continue, referring to the situation on the peninsula as grave. The two leaders spoke by phone for about 30 minutes on Saturday morning in Seoul, in a call that took place at Trump’s request, according to Moon’s spokeswoman Ko Min-jung. “The two ...

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Indian economy sputters, but its stocks power ahead

Bloomberg India’s economy may be faltering, but its $2.1 trillion stock market has been powering to new highs as foreign investors pile into country’s shares, betting the worst may have already passed. Economic growth is at the lowest since before prime minister Narendra Modi came to power in 2014. The economy expanded 4.5% in July-September, slowing for a sixth straight ...

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Soybeans advance as US-China trade talks move forward

Bloomberg Soybean futures climbed for the fourth straight day as officials signalled optimism that the US and China will reach a trade deal. China was processing applications for tariff waivers on imports of US soy, a procedural step that could set the stage for a broader agreement. The Asian nation is the top consumer of each commodity, and US shipments ...

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SoftBank to have ‘last laugh’ on WeWork deal: Bernstein

Bloomberg SoftBank Group Corp’s massive investment in WeWork triggered a multi-billion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the “last laugh.” Chris Lane of Sanford C Bernstein says WeWork can have a bright future if SoftBank overhauls the business plan and ...

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US high court temporarily keeps Trump financial records private

Bloomberg A US Supreme Court justice temporarily blocked subpoenas that would force Deutsche Bank AG and Capital One Financial Corp to turn over years of President Donald Trump’s financial documents to two House committees. Justice Ruth Bader Ginsburg put the subpoenas on hold until December 13. The justices are already scheduled to discuss at a private conference that day whether ...

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Reddit bans accounts for suspected Russia meddling in UK elections

Bloomberg Reddit said it was banning 61 accounts over suspected Russia-led meddling in the run-up to the UK’s December 12 election involving leaked trade documents.The social platform said the accounts violated its policies against vote manipulation and platform misuse. Reddit said its investigation occurred after Facebook discovered a Russian campaign on its network earlier this year dubbed “Secondary Infektion.” More ...

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DP World acquires 77% stake in leading marine logistics provider

Dubai / WAM Unifeeder, a 100 percent owned subsidiary of DP World PLC, has announced the acquisition of a 77 percent stake in the Feedertech Group. The deal, which is expected to close in the first quarter of 2020, is the latest step in DP World’s vision to build end-to-end logistics capability to serve the needs of shipping lines and ...

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