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Bloomberg US Commerce Secretary Wilbur Ross met with Chinese Premier Li Keqiang at a regional summit in Bangkok, a person familiar with the discussion said. The meeting came hours after Ross told a morning business forum that the US was “very far along” with “Phase One” of a trade deal with China. President Donald Trump told reporters at the White ...

Bloomberg China approved a drug to treat Alzheimer’s made by a Shanghai-based pharmaceutical company, the first new therapy endorsed for the disease in 17 years and a major breakthrough in the country’s push to become a leader in scientific research. The National Medical Products Administration said in a statement that it granted conditional approval to Oligomannate. In trials, the drug ...

Bloomberg South Korean President Moon Jae-in and Japanese prime minister Shinzo Abe agreed in their first meeting in 14 months to ease tensions, according to the South Korean presidential office. Moon and Abe shared the view that the relationship between South Korea and Japan is important and re-affirmed in principle that issues between the two nations should be resolved via ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, hoisted the UAE flag in the Burj Khalifa area to mark the ‘UAE Flag Day’. A number of students from various schools attended the event. His Highness said: “The UAE flag is a symbol of unity and ...

SHARJAH / WAM Real estate transactions have recorded AED4.2 billion in the Emirate of Sharjah during the third quarter of 2019, while the total areas covered in the “sales transactions” in the emirate reached 9.5 million feet, as per the latest report of the Sharjah Real Estate Registration Department (SRERD). Abdulaziz Ahmed Al Shamsi, Director-General of SRERD, said that the ...

DUBAI / WAM Dubai Chamber of Commerce and Industry signed a Memorandum of Understanding (MoU) with First Abu Dhabi Bank (FAB), which will align the efforts of the two entities to digitise, facilitate and simplify trade processes in the UAE. The MoU was signed by Hamad Buamim, President & CEO of Dubai Chamber and Andre Sayegh, Deputy Group CEO & ...

ABU DHABI / WAM The 18th session of the General Conference of the UN Industrial Development Organisation (Unido), began on Sunday at the Emirates Palace Hotel in Abu Dhabi. More than 800 ministers, officials and representatives of 170 member countries of the organisation are in attendance at the event which will continue until November 7 to shape the future of ...

Bloomberg China secured the World Trade Organisation’s (WTO) go-ahead to impose $3.6 billion in sanctions against the US, in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks. The damages awarded, in a document released on the Geneva-based organisations’ website, are the third highest in WTO ...

Bloomberg A federal government mandated panel said air pollution in India’s capital and its suburbs over the last week has worsened to levels that should be treated as a public health emergency. The air quality index, or AQI, hit as high as 744 at some areas in the Indian capital according to website AirVisual, which monitors air pollution around the ...

Bloomberg At least 200 people were arrested in Hong Kong as protesters blocked roads, vandalised public facilities and set alight exits of subway stations. Police fired multiple rounds of tear gas and deployed a water cannon on black-clad demonstrators who built barricades across busy streets, including a highway, and threw flaming objects in Wan Chai on Hong Kong Island. MTR ...