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Bloomberg Germany’s effort to catch up to the digital age starts this week when the gavel falls on the auction for the airwaves to build ultra-fast 5G wireless networks. The rollout of the technology is critical as Europe’s biggest economy seeks to transition away from its reliance on old-school engineering. The country lags behind the likes of Albania and Moldova ...

Bloomberg Amazon.com Inc. won the last approval it was seeking for an incentive plan that helped lure the largest online retailer to Northern Virginia. The five-member Arlington County Board unanimously approved $23 million in incentives for the company to build a headquarters in the Crystal City neighborhood, just outside Washington, D.C. — after six-and-a-half hours of testimony, protests and discussions ...

Bloomberg Fiat Chrysler Automobiles NV recalled almost 863,000 vehicles that violate US emissions standards, another setback for a company that just agreed in a separate case to make amends for building trucks and SUVs that polluted more than legally allowed. The voluntary recall of 2011 through 2016 model year Jeep, Dodge and Chrysler brand vehicles will be implemented in phases ...

Bloomberg Half a decade has passed since Vladimir Putin annexed Ukraine’s Crimean peninsula. For Russia, the costs continue to mount. The accession treaty signed to bring the Black Sea territory into Moscow’s fold is still unrecognized by most countries and the US and European Union led a broad effort to punish Russia with sanctions. Undeterred, Russia has kept integrating Crimea ...

BRASILIA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Ernesto Araujo, Brazilian Minister of Foreign Affairs on Saturday. HH Sheikh Abdullah lauded the growing ties between the UAE and Brazil, thanks to the unlimited support of their leadership, and the two countries’ keenness to develop cooperation in all fields. Ernesto Araujo ...

Karachi / WAM The Sheikha Fatima Global Humanitarian Campaign launched ‘Zayed Al Khair Camp’ in Pakistan’s city of Sukkur to treat thousands of children and women, under the supervision of Emirati-Pakistani doctors. The campaign is being held under the theme, ‘Following in the Footsteps of Zayed,’ and as part of the ‘All of us are our Mother Fatima’ programme. Noura ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) announced that its conservation programmes and initiatives over the past 10 years have achieved significant savings in electricity and water use within various stakeholder groups. Cumulative savings between 2009 and 2018 reached 2 terrawatthours (TWh), of electricity and 7.4 billion gallons of water, equivalent to AED1.2 billion ($33 million). These savings ...

BISHKEK / WAM The UAE-Kyrgyzstan Joint Economic Committee’s first meeting was held in Bishkek on Saturday and co-chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, and Zhenish Razakov, Deputy Prime Minister of Kyrgyzstan. High on the meeting’s agenda are several programmes and mechanisms to boost cooperation in 13 vital sectors, including trade, investment, Halal industry, financial services, industrial ...

Bloomberg The growing mystery of where China’s rapid slowdown is headed may become the biggest risk on the horizon, even as Brexit and a solution to US-China trade tensions are kicked into the long grass. The global economy’s in its weakest shape since the financial crisis a decade ago, Bloomberg Economics analysis shows. And the reminders are all around: China ...

Bloomberg This round of currency intervention in Hong Kong is far from over. That’s according to analysts, who’re watching the interplay between the amount of money in the city’s financial system and local borrowing costs. Shorting the Hong Kong dollar will remain profitable until the latter starts to go up sharply, and the monetary authority will spend at least another ...