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Bloomberg A jump in manufacturing fuelled a surprise improvement in German industrial production following two months of decline. While good news, the development will do little to alleviate concerns about intensifying trade tensions and waning business confidence. Output rose 0.3% from July, despite a big drop in energy, compared with economist estimates for no change. Investment and basic goods production ...

Bloomberg The coffee market is looking increasingly bleak. While robusta futures rose on Tuesday, the gain followed the biggest daily slump in four months that sent prices to the lowest since 2010. The beans, favoured for instant drinks, have been pressured by a glut of coffee and money managers have never been so bearish. As well as a global surplus, ...

Bloomberg Donald Trump’s surprise announcement that US forces would stand aside if Turkey invades Syria sowed chaos in his administration, drew criticism from his allies in Congress and left Kurdish fighters feeling betrayed. Yet after a day of confusion, it wasn’t clear how much American policy had really changed. It was, in short, another example of how foreign policy gets ...

ABU DHABI / WAM The Abu Dhabi Digital Authority (Adda), announced that it has selected Microsoft Dynamics 365, Microsoft Power BI and a host of artificial-intelligence tools to drive the agency’s Smart Citizen Experience. “Our partnership with Microsoft will allow us to build an intelligent customer-service platform that will fulfill the ambitions of our leaders to streamline and optimise citizens’ ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, stated that the UAE is supporting national development efforts by launching projects that aim to diversify and secure the country’s energy sources and promote the use of environmentally-friendly energy, as per the directives of President His Highness Sheikh Khalifa bin Zayed Al ...

ABU DHABI / WAM The Lebanese government is against any activities hostile to the Arabian Gulf countries, Lebanese Prime Minister Saad Hariri told the Emirates News Agency (WAM), in an exclusive interview. “I want to emphasise as head of the government [that] I refuse any form of Lebanese involvement in the conflicts around us. Moreover, I stress that the Lebanese ...

Dubai / WAM A European trade delegation comprising of 39 decision-makers from the United Kingdom, Belgium, Greece, Hungary and Italy has visited Ras Al Khaimah to explore the potential of the emirate as a gateway to fast emerging economies in the Middle East. Ras Al Khaimah Economic Zone (Rakez), organised a special event for the multi-sector mission operating in the ...

Bloomberg President Donald Trump’s decision to step aside from Kurdish allies in Syria while Turkey’s military advances drew a stark rebuke on Monday from one of his staunchest Republican backers. “This is going to lead to the reemergence of IS, and the biggest winner of all this will be the Iranians, and that’s too bad,” Senator Lindsey Graham told Fox ...

Bloomberg Oyo Hotels and Homes is raising $1.5 billion from founder Ritesh Agarwal, SoftBank Group Corp and other investors as the India lodging startup expands into foreign markets such as the US and Europe. Agarwal, 25, will spend $700 million to buy new shares in the company as part of a previously reported $2 billion plan to triple his ownership ...

Bloomberg China could be the panacea for an orange-juice industry grappling with sliding sales in developed markets, at least for low-cost producers not caught up in trade wars. Citrosuco fits that description. The Brazilian company produces twice as much as the entire Florida industry, at about a third of the cost. For decades, it has sold the commodity to well-known ...