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Bloomberg Queen Elizabeth II approved Boris Johnson’s request to suspend parliament for almost five weeks ahead of Brexit. The prime minister’s move sets up a showdown with lawmakers who want to block him from taking the UK out of the European Union without a deal. The pound fell. Privy Council said Queen approved Johnson’s request to prorogue — suspend — ...

AL AIN / WAM Emirati women have their eyes on the sky as career-driven leaders in sectors vital to the UAE’s future and prosperity. Samira Saeed Al Zaidi and Iman Mohammed Al Mulla are two such women. As team members of Strata — an Al Ain-based plane parts manufacturer — they spoke to the Emirates News Agency (WAM) highlighting their ...

DUBAI / WAM Eight new schools are to open in Dubai by September 2020. The Knowledge and Human Development Authority (KHDA) in a press statement revealed that over 13,000 new seats will be made available, providing parents with more education choices for their children. Mohammed Darwish, CEO of Permits and Compliance sector at KHDA, said, “The opening of eight new ...

VATICAN CITY / WAM His Holiness Pope Francis of the Catholic Church welcomed the UAE’s committee which aims to spread the principles of tolerance and cooperation. He also thanked the UAE “for the concrete commitment shown on behalf of human fraternity”. Pope Francis and His Eminence the Grand Imam of Al Azhar, Dr Ahmed el-Tayyeb, signed the Document on Human ...

ABU DHABI / WAM The UAE Central Bank has announced that gross bank assets, including bankers’ acceptances, rose by 0.6 percent, climbing from AED2958.6 billion at the end of June 2019 to AED2975.8 billion at the end of July 2019. Gross credit increased by 0.7 percent from AED1692.7 billion at the end of June 2019 to AED1704.9 billion at the ...

Bloomberg Japan signaled it wanted to lay to rest the threat of new auto tariffs before agreeing to a final trade deal with US President Donald Trump, after he left the door open for slapping levies on the nearly $50 billion sector. Trump said he was not considering imposing punitive duties “at this moment,” after he and Prime Minister Shinzo ...

Bloomberg Thailand is jump starting a decades-old plan to create a Southeast Asia electricity super-grid, and wants to be the power-trading hub at the center of it. The nation is set to triple the amount of electricity from Laos that it resells to Malaysia, while encouraging infrastructure upgrades stretching from Cambodia to Myanmar necessary for cross-border power trading, said Wattanapong ...

Bloomberg For American retailers, what Trump giveth, Trump taketh away. President Donald Trump’s administration, which said just 10 days ago it would delay until December some of its new tariffs on Chinese goods, has hit the retail sector with a new blow: The new levies will be raised to 15% from 10% as retaliation after China threatened to impose additional ...

Bloomberg A collapse in exports pushed Europe’s largest economy to the brink of recession in the second quarter. In a sign that an increasingly hostile trade war between the US and China is at least partially to blame for Germany’s deepening manufacturing malaise, shipments abroad declined 1.3%, the most in more than six years. That led to a contraction in ...

Bloomberg The International Monetary Fund’s (IMF) record loan to Argentina last year was supposed to turn the page on a troubled history. It’s looking more like a case of déjà vu. Less than two decades ago, Argentina crashed out of an IMF program, defaulted on debt and plunged into depression. As Fund officials arrived in Buenos Aires to assess the ...