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UAE calls on UN to hold state-sponsors of terror accountable

NEW YORK / WAM The UAE called on the UN to hold Member States accountable for terrorism financing during a UN Security Council Open Debate on combating terrorism financing presided by France’s Foreign Minister Jean-Yves Le Drian. Earlier in the meeting, the Council unanimously approved Resolution 2462, introduced by France and co-sponsored by the UAE, requiring Member States to take ...

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Global Village world’s first ‘entity’ to get five-star safety rating

DUBAI / WAM Global Village, the world’s leading multicultural festival park and the region’s first family destination for culture, shopping, and entertainment, announced that it had successfully completed the prestigious best practice Five-Star Occupational Health and Safety Audit conducted by the British Safety Council. It is the world’s first entertainment destination to achieve this grading and is setting benchmarks for ...

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Unfair treatment of Huawei could damage Japan ties: China

Bloomberg Japan’s restrictions on Chinese technology could damage bilateral ties, a Chinese Commerce Ministry spokesman said in a warning that comes as the US has been pushing its allies to bar Huawei equipment from telecommunications networks as a security threat. Japan is preparing to announce the allocation of bandwidth for 5G communications next month and the tension over telecommunications with ...

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Australia, Singapore crack down on online media

Bloomberg Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content. Australia said it will legislate “tough” new laws to prevent social-media platforms from being “weaponised” by terrorists and extremists who may use them to live-stream violent ...

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Lyft IPO’s biggest winner may be startups’ private valuations

Bloomberg Tech unicorns got a bounce in their step with Lyft Inc’s initial public offering valuing it at $22.4 billion after its first day of trading. Ride-hailing’s No. 2 provider in the US first raised its target range and then expanded its offering to raise $2.34 billion. While the shares closed up only 8.7 percent compared with the 21 percent ...

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Mondelez in talks to buy Campbell Soup int’l brands

Bloomberg Mondelez International Inc, the maker of Oreo cookies and Cadbury chocolates, is in advanced talks to acquire international brands being sold by Campbell Soup Co, people familiar with the matter said. Mondelez is negotiating final terms of a purchase of Arnott’s Biscuits, the Australian maker of Tim Tam cookies, and Danish butter-cookie producer Kelsen Group, according to the people. ...

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Trump’s dealmaking prowess tested in oil-farmers fight

Bloomberg If Donald Trump’s administration was looking for signs of easing tensions between two of his vaunted constituencies — blue-collar oil and rural farmers — a hearing in Michigan proves otherwise. The two sides exchanged heated comments at a public hearing over proposed changes by the Environmental Protection Agency (EPA) on ethanol policy. Oil refiners and agricultural proponents, including Iowa ...

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Trump demanded Kim to hand over nuclear weapons

Bloomberg US President Donald Trump gave North Korean leader Kim Jong-un a list of demands that included a call for handing over nuclear weapons and bomb fuel to the US in their talks in Hanoi last month, Reuters reported, citing the document. Trump handed Kim the piece of paper stating the US position at their meeting in Hanoi’s Metropole Hotel ...

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UAE support for Egypt mainstay of nation’s foreign policy: Mohamed

ALEXANDRIA / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Egypt Abdul Fatah el-Sisi on Wednesday reviewed a number of regional and international issues of common interest in light of the robust, brotherly and longstanding relations between the two countries. This came ...

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Media has key role in helping region overcome challenges

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that media has an important role in enhancing the region’s ability to deal with current challenges and developing new solutions to overcome the problems that hinder its development. His Highness’s remarks came during his meeting with ...

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