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ABU DHABI / WAM The inaugural edition of EuroTier Middle East, a leading trade show for animal husbandry and livestock management, is set to take-off on September 2 with 16 countries participating in the event, including Saudi Arabia, the event’s ‘Guest of Honour’. The event will take place in the nation’s capital, Abu Dhabi, under the patronage of HH Sheikh ...

Bloomberg China rolled out a series of guidelines to encourage consumption, led by support for the flagging auto market. The measures include exploring ways to gradually loosen or remove car-purchase limits and support new-energy vehicle purchases in some areas, the State Council, or cabinet, said on its website. Other steps include incentives to build more gas stations in rural areas ...

Bloomberg The Reserve Bank of India’s (RBI) record 1.76 trillion-rupee ($24.4 billion) payout to the government will give authorities more fiscal options, including possibly reducing its borrowing or boosting spending to spur economic growth. The RBI’s board approved the transfer on August 26, which includes a dividend of 1.23 trillion rupees and 526.4bn rupees from its surplus capital. The dividend ...

Bloomberg German output will probably shrink by 0.2% in the third quarter, putting Europe’s largest economy into recession, according to the DIW economic institute. A DIW gauge of activity fell to 89 points in August, the lowest since late 2012, pointing to another contraction after GDP declined 0.1% in the April-to-June period, the institute said. “Manufacturing is in a crisis ...

Bloomberg Europe’s antitrust authorities could ease companies’ concerns about the potential fallout from working together by giving them unofficial guidance, according to one of Germany’s top competition experts. Firms in the region are putting off shared projects due to concerns over retroactive regulatory push-back, according to Achim Wambach, a member of a commission created by the German government to review ...

Bloomberg Chinese factories are normally at their busiest during the third quarter, cranking out production of everything from Barbie dolls to miniature trucks in time to ship them over the ocean to the US ahead of the all-important holiday shopping season. This year’s different. Even with President Donald Trump delaying tariffs on $160 billion of toys to smartphones to spare ...

Bloomberg Queen Elizabeth II approved Boris Johnson’s request to suspend parliament for almost five weeks ahead of Brexit. The prime minister’s move sets up a showdown with lawmakers who want to block him from taking the UK out of the European Union without a deal. The pound fell. Privy Council said Queen approved Johnson’s request to prorogue — suspend — ...

AL AIN / WAM Emirati women have their eyes on the sky as career-driven leaders in sectors vital to the UAE’s future and prosperity. Samira Saeed Al Zaidi and Iman Mohammed Al Mulla are two such women. As team members of Strata — an Al Ain-based plane parts manufacturer — they spoke to the Emirates News Agency (WAM) highlighting their ...

DUBAI / WAM Eight new schools are to open in Dubai by September 2020. The Knowledge and Human Development Authority (KHDA) in a press statement revealed that over 13,000 new seats will be made available, providing parents with more education choices for their children. Mohammed Darwish, CEO of Permits and Compliance sector at KHDA, said, “The opening of eight new ...

VATICAN CITY / WAM His Holiness Pope Francis of the Catholic Church welcomed the UAE’s committee which aims to spread the principles of tolerance and cooperation. He also thanked the UAE “for the concrete commitment shown on behalf of human fraternity”. Pope Francis and His Eminence the Grand Imam of Al Azhar, Dr Ahmed el-Tayyeb, signed the Document on Human ...