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Bloomberg Taiwan has signalled to US officials that it will move swiftly to complete the purchase of 66 new F-16 fighters once congressional foreign relations committees complete their review this month, according to a State Department official. The department formally notified Congress on August 20 that it approved the sale, which includes munitions, defensive electronics and a top-of-the line fire-control ...

DUBAI / WAM New export markets and projects being launched ahead of Expo 2020 Dubai are energising economic activity in Dubai, particularly in the trading and construction sectors and businesses are confident of improved outcomes in the months ahead. The quarterly survey of the Dubai Economy shows Composite Business Confidence Index (BCI), in the emirate improving by 2.2 points to ...

ABYAN / WAM As part of the UAE’s urgent response campaign launched during the month of September in the Yemeni governorates of Aden, Lahij and Abyan, the country has dispatched a shipment of food supplements to alleviate the suffering of Yemeni people. The Emirates Red Crescent (ERC), supervised the distribution of the aid which is part of the UAE’s series ...

Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar), a subsidiary of the Mubadala Investment Company, and French low-carbon electricity leader (EDF), have signed an agreement to establish a 50:50 joint venture energy services company (ESCO), in order to expand into non-utility scale renewables and energy-efficiency investments in the UAE, GCC region and other emerging countries. These would ...

Abu Dhabi / WAM Driving change for sustainable energy, the use of technology and the future of oil were among the key topics discussed as day two of the 24th World Energy Congress focused on the business outlook of the industry. The most critical issues continued to be addressed in Abu Dhabi as thousands of people including ministers and delegates ...

Bloomberg US companies on the front line of the trade war are increasingly pessimistic about President Donald Trump’s strategy to boost their sales in the Chinese market, according to a new survey by a leading business organisation. Of the 333 members taking part in an annual survey by the American Chamber of Commerce in Shanghai, 75 percent said they opposed ...

Bloomberg Apple Inc is jumping into India’s crowded film and TV streaming market with services that could undercut premium global brands like Netflix Inc and Amazon.com Inc that are also betting on growth in the country. The technology giant’s Apple TV+ includes original content from filmmakers including M Night Shymalan and will be available from November 1 via the Apple ...

Bloomberg Apple Inc’s decision to skip support for the latest wireless standard on its new iPhones may cost the company a chance at capturing China’s biggest smartphone replacement wave in years. The iPhone maker, which is the only foreign brand to hold a top-five position in China, is struggling to fight off local competitors Huawei Technologies Co, Oppo and Xiaomi, ...

Bloomberg Charles Schwab Corp said it is cutting 600 jobs, or about 3 percent of the workforce, as the San Francisco-based broker-dealer and wealth-advisory firm faces “an increasingly challenging economic environment.” “These actions are a prudent step to ensure we manage our expense growth while continuing to invest in initiatives that allow us to achieve greater scale and efficiency,” the ...

Bloomberg State attorneys general investigating Google are ordering it to turn over a wide range of information about its advertising business, according to an investigative demand that takes direct aim at the biggest source of the company’s revenue. Texas Attorney General Ken Paxton’s office, which is leading the nationwide probe, issued a 29-page civil investigative demand obtained by Bloomberg. In ...