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Bloomberg Crown Prince Mohammed bin Salman said his country plans to invest a whopping $20 billion in Pakistan as he began a swing through Asia at a time when Saudi Arabia’s ties with the west have waned. The two nations signed memorandums of understanding in the energy and agriculture sectors, including one for a $10 billion oil refinery in southwestern ...

Bloomberg China’s space ambitions are shifting into a higher orbit. Following its successful and world-beating trip to the far side of the moon, China is preparing to build a solar power station in space, as the world’s No. 2 economy strives to burnish its superpower credentials. With an $8 billion annual budget for its space program, second only to the ...

Bloomberg Germany’s financial regulator took the unprecedented step of banning short sales of Wirecard AG shares for two months, saying recent price volatility risks undermining the broader stock market. The shares surged. Investors globally are prohibited with immediate effect from taking new short positions or increasing existing ones through April 18, according to watchdog BaFin. That’s the first time it ...

Bloomberg A committee of senior lawmakers in the UK recommended the British government take tougher measures to keep technology companies like Facebook Inc. in check, following a year-long inquiry into fake news and its impact on elections. Damian Collins, the policy maker who spearheaded the inquiry, called for Parliament to create new laws to help a proposed regulator oversee the ...

Bloomberg The venture capital arms of Alphabet Inc.’s Google and Salesforce.com Inc. are investing in UK payments startup GoCardless, which has raised an additional $75 million to fund expansion. The financing is being led by Adams Street Partners, GV, formerly known as Google Ventures, and Salesforce Ventures, GoCardless said in a statement. Existing investors Accel Partners, Balderton Capital, Notion Capital ...

Bloomberg When US President Donald Trump sits down to talk peace with North Korean leader Kim Jong-un later this month, one of America’s closest allies— Japan — will be looking on with apprehension. Like the first time Trump met Kim in June, Japanese Prime Minister Shinzo Abe has found himself on the outside peering in before their second summit set ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have attended the opening of the 14th International Defence Exhibition and Conference (Idex), and ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, inspected the 14th International Defence Exhibition and Conference (Idex 2019), which began on Sunday at the Abu Dhabi National Exhibition Centre (Adnec). During his tour, His Highness Sheikh Mohamed bin Zayed visited the pavilions of ...

Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, inaugurated the 5th Naval Defence and Maritime Security Exhibition, Navdex 2019, at the Abu Dhabi National Exhibition Centre (Adnec). His Highness toured the exhibition, which boasts a record of over 100 companies participating from over 20 countries, of which four countries are ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, on Sunday opened Gulfood 2019, the 24th edition of the world’s largest annual food and beverage trade show at Dubai World Trade Centre (DWTC). The five-day exhibition, which runs until 21st February, has once again attracted high-calibre interest including ministers, ...