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Xi military parade to showcase China missiles spooking US

Bloomberg In Beijing, President Xi Jinping’s grand military parade through the capital will be cheered as a display of national pride after 70 years of Communist Party rule. In Washington, many will see a growing threat to American dominance in the Western Pacific. Alongside the tanks, troop carriers and columns of goose-stepping soldiers, the 80-minute procession past Tiananmen Square on ...

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Trade war foils Thai firm’s spree for chemical-buying

Bloomberg India-born billionaire Aloke Lohia’s global acquisition spree for chemical plants was designed to give Thailand-based Indorama Ventures Pcl more pricing power. But Donald Trump’s trade war has spoiled the party and driven its shares to a record slide. Indorama’s operating margin has hovered around 4 percent to 5 percent the past year, the narrowest since late 2015, as a ...

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China factory outlook improves in September ahead of US talks

Bloomberg China’s manufacturing sector improved in September on an uptick in new orders and infrastructure spending, but with the data showing factories still contracting and other indicators pointing to economic weakness, it’s not unalloyed good news for policy makers. The manufacturing purchasing managers’ index rose to 49.8, according to data released by the National Bureau of Statistics on Monday. That’s ...

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Fed up with US trade tactics, Europe eyes its own escalation

Bloomberg Europe’s relationship with the US has been stretched to the limit by President Donald Trump’s “America First’’ foreign policy. But disputes about aircraft subsidies and auto tariffs coming to a head over the next two months could put the allies in a trade war. And while transatlantic relations have been fraying since Trump came to office more than two ...

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John Malone’s $6.4 billion Swiss sale is too close to call

Bloomberg Liberty Global Plc Chairman John Malone’s latest move to reshape his European interests is hanging in the balance. The sale of his Swiss business to Sunrise Communications Group AG for 6.3 billion Swiss francs ($6.4 billion) is proving a tough sell for the buyer’s shareholders and the biggest of those, Freenet AG, on Monday rejected management’s latest move to ...

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EU jobs offer some joy amid manufacturing, inflation gloom

Bloomberg Europe’s job market is giving some hope to the region’s economic story, which has been dominated by a deepening slump in manufacturing that’s tipped Germany close to recession. Figures showed the euro-area unemployment rate fell to 7.4 percent in August, the lowest in over 11 years. Italy also reported an unexpected drop in its rate to 9.5 percent and ...

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Cabinet adopts 10 resolutions on supporting Emiratisation

Abu Dhabi / WAM The UAE Cabinet adopted ten strategic resolutions to support Emiratisation on Sunday during a meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, at the Presidential Palace in Abu Dhabi. The new resolutions are part of the outcomes of the committee, chaired by H.H. Sheikh Mansour ...

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UAE calls for fight against terror, extremist ideologies

New York / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, underlined the central importance of starting “the new decade by protecting the future of our region and the world … and continue to fight terrorist groups and extremist ideologies.” HH Sheikh Abdullah made the statements while delivering the UAE’s statement before ...

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UAE made significant progress in nuclear emergency preparedness

ABU DHABI / WAM The UAE has made significant improvements in developing and strengthening its nuclear emergency preparedness and response arrangements for Barakah Nuclear Power Plant since the 2015’s Emergency Preparedness Review (EPREV), Service visit to the UAE, according to experts of the International Atomic Energy Agency (IAEA). This came after a five-day follow-up review by IAEA experts to the ...

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UAE, Russia discuss tech cooperation

MOSCOW / WAM Moscow has hosted the second meeting of the UAE-Russian Industrial, Technological and Scientific Cooperation Team. The meeting was chaired by Dr Mattar Hamed Al Niyadi, Under-Secretary of the Ministry of Energy and Industry, and Alexei Vladimirovic, Deputy Minister of Industry and Commerce of Russia. During the meeting, both sides highlighted the importance of the ongoing partnership between ...

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