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Bloomberg The Trump administration is going ahead with controversial new rules that would clear the way for the US to start applying punitive tariffs on goods from countries accused of having undervalued currencies, the Commerce Department said. The move would give new muscle to US complaints about currency manipulation that have in the past targeted economies like China and Japan ...

Bloomberg Huawei Technologies Co and ZTE Corp asked US regulators to keep them off a list of companies deemed national security threats, a label that would bar the Chinese telecommunications equipment makers from selling gear to subsidised US carriers. Mobile broadband providers separately told the Federal Communications Commission that it would be costly for them to replace gear made by ...

Bloomberg The world’s biggest trading bloc shouldn’t rush into more ambitious climate targets this decade without assessing how lower emissions could impact the economy, according to a top European Union (EU) lawmaker. With the EU preparing to forge its flagship Green Deal into law later this month, European People’s Party Parliamentarian Peter Liese said his party wants to see how ...

ABU DHABI / WAM The United Arab Emirates announced on Monday the discovery of 80 trillion standard cubic feet (TSCF), of shallow gas resources in place within the area between Saih Al Sidirah and Jebel Ali in the Emirates of Abu Dhabi and Dubai respectively. This new discovery reinforces the nation’s goal of achieving gas self-sufficiency, enabling major development projects ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, honoured the winners of the second Emiratisation Award at the Emirates Palace. The ceremony was attended by HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and HH ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that promoting environmental protection requires achieving a balance between economic and social growth, protecting the environment and ensuring the sustainability of its natural resources, noting that the leadership will stay the course laid by the nation’s Founding Father Sheikh Zayed bin Sultan Al Nahyan to ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) honoured its strategic partners and various business leaders, on the sidelines of the 14th Ambassadors and Heads of Diplomatic Missions Forum, in the presence of Ahmed Ali Al Sayegh, Minister of State. At the start of the event, which aimed to appreciate the efforts of the honourees ...

Bloomberg A momentous, if anticlimactic, few days lie ahead in Washington as the Senate hears closing arguments in President Donald Trump’s impeachment trial, then holds two days of debate before voting for an all-but-guaranteed acquittal. In between, Democrats in Iowa’s caucuses took the first step on Monday towards choosing the candidate who’ll run against Trump in November. And on Tuesday ...

Bloomberg China said the US “inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance. “The US government hasn’t provided any substantial assistance to us, but it was the first to evacuate personnel from its consulate in Wuhan, the first to suggest partial ...

Bloomberg The hits just keep coming for Hong Kong. In 2019, there was the escalating US-China trade war, which squeezed exports. Then came violent protests beginning mid-year, with street-fighting between police and protesters driving away tourists and shoppers, hurting the services industries, and tipping the economy into its first contraction in a decade. Now, with advance figures on Monday confirming ...