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Bloomberg Hong Kong’s embattled leader, Carrie Lam, formally withdrew legislation to allow extraditions to China, a political retreat that may help ease — but not end — months of unrest in the Asian financial hub. Lam announced the move in a televised address on Wednesday, after a meeting with pro-establishment politicians including local legislators and the city’s representatives to national ...

ABU DHABI / WAM A group of 100 fledgling firms from across the globe will showcase their innovative products and services aimed at battling the causes of climate change. Hi-tech mobile solar containers that can provide energy in remote parts of Africa, an alternative to firewood made of sugarcane waste and a driverless electric haulage vehicle – are among the ...

Abu Dhabi / WAM The UAE has initiated a project in Liberia to help rural women achieve sustainable income, food security and nutrition opportunities, as part of the UAE’s ongoing humanitarian works to empower women across the world. For this purpose, the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the Food and Agriculture Organisation of the United Nations, FAO, and ...

Dubai / Emirates Business His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of RTA on Tuesday officially opened the 2019 edition of Materials Handling Middle East. The event, which runs until September 5 at the Dubai World Trade Centre (DWTC), is co-located with SPS Automation Middle East, opening to a crowd of logistics, ...

DUBAI / WAM An Emirati mechatronics and aviation engineer has invented a smart device which uses artificial intelligence technology to track passengers with the aim of improving children’s safety on school buses. Fahim Almas, Founder and CEO of the Almas Robotics, a Dubai-based technology and engineering company, launched ‘Safe Bus’, a device that can be connected to multiple sensors installed ...

Bloomberg China softened its tone towards Hong Kong’s protesters, saying peaceful demonstrations were allowed under the law, even as it ruled out a fundamental demand for direct democracy that has fuelled the unrest. In a wide-ranging briefing in Beijing, Chinese officials overseeing Hong Kong sought to make a clear distinction between violent protesters who have thrown petrol bombs in running ...

Bloomberg Hurricane Dorian is starting to move again, inching towards the northwest and potentially up the US East Coast after bashing the Bahamas for almost two days with high winds and driving rains that have inflicted huge damage, killing five on one island alone. The storm is now crawling at 1 mile per hour with sustained winds of around 120 ...

Bloomberg US factory activity unexpectedly contracted in August for the first time in three years as shrinking orders, production and hiring pushed a widely followed measure of manufacturing to its lowest level since January 2016. The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released ...

Bloomberg The contraction in the UK construction industry gathered pace in August as increased political uncertainty saw new orders fall at fastest pace in more than ten years. The sector shrank for a fourth-straight month as business optimism slipped to the lowest since the depths of the financial crisis in 2008, according to IHS Markit. The figures follow similarly disappointing ...

Bloomberg Talks between the economy ministers of Japan and France to strengthen the partnership between Nissan Motor Co and Renault SA are the latest sign that the two sides are working toward resolving a dispute between the carmakers. Hiroshige Seko, the economy and trade minister of Japan, and Bruno Le Maire, the French Finance Minister, reaffirmed their support for the ...