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Bloomberg A bid to kick-start a China-backed trade pact that would cover a third of the global economy is facing a fresh hurdle as upcoming elections across Asia and the Pacific threaten to stall progress on reaching a deal. With fallout from trade ructions between US and China endangering global growth, the Regional Comprehensive Economic Partnership (RCEP), is seen as ...

Bloomberg Hong Kong’s economic growth is forecast to slow this year as the city grapples with weaker property values and the fallout from US-China trade tensions, leading to a more modest range of budget handouts than last year. The economy will grow by 2 percent to 3 percent, Hong Kong Financial Secretary Paul Chan said, after the 3 percent pace ...

Bloomberg AT&T Inc. beat back another effort by the US to undo its purchase of Time Warner, cementing an $85 billion deal to help it compete with Netflix Inc. The US Appeals Court in Washington said the Justice Department failed to establish that a lower-court judge made a clear error when he rejected the government’s case that AT&T should be ...

Bloomberg US antitrust enforcers are zeroing in on technology giants following years of criticism that they haven’t done enough to rein in dominant internet companies like Alphabet Inc.’s Google and Facebook Inc. The Federal Trade Commission said it’s creating a task force led by senior competition officials and 17 staff lawyers to investigate potentially anticompetitive conduct by technology companies. It ...

Bloomberg General Electric Co.’s new boss wants to reassure shell-shocked investors that he knows just how tough the past year has been — and that he has a plan to turn things around. In his first annual shareholder letter, Chief Executive Officer Larry Culp outlined his priorities as he tries to pull the iconic manufacturer out of a tailspin. After ...

Bloomberg India said an air force pilot was missing after Pakistan said it had shot down two Indian fighter jets, as relations between the arch rivals worsened amid the possibility of a full blown war. India has yet to ascertain that the missing pilot is in Pakistan’s custody, said Raveesh Kumar, foreign ministry spokesman in a media briefing in New ...

Seoul / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday visited the Seoul National Cemetery at the beginning of his official visit to the Republic of Korea. The visit to the memorial began with a flag-saluting ceremony. His Highness then laid a wreath ...

DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and President of the Dubai Health Authority, on Tuesday officially opened the 24th edition of Dubai International Pharmaceutical and Technology Conference and Exhibition (Duphat), at the Dubai International Convention and Exhibition Centre. Running until February 28, Duphat brings together leading pharmaceutical experts, industry ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), opened the final phase of the Sheikh Khalifa’s Residential City for those affected by the floods that swept through the Hadramaut Governorate in Yemen during the past years. The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan. The city consists of 607 housing units in ...

ABU DHABI / WAM Borouge awarded TechnipFMC, Maire Tecnimont, and WorleyParsons, three major contracts for the fourth phase of the Ruwais petrochemicals complex which will include the world’s largest mixed feed cracker. In a ceremony held in Abu Dhabi, Borouge signed Front-End Engineering and Design (FEED), contract, Project Management Contract (PMC), and a licence contract associated with the mixed feed ...