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Bloomberg If China and the US are in the midst of a divorce, Europeans look increasingly like the children. That was the impression given by a series of back-to-back appearances, from US President Mike Pence, Chinese politburo member Yang Jiechi, Russian Foreign Minister Sergei Lavrov and German Chancellor Angela Merkel. The speeches put growing great power rivalries on display, but ...

Bloomberg Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of elections that could come as early as this year. While not expected to be as headline-grabbing as last year — when Heng flagged a hike in the goods-and-services tax — the 2019 ...

Bloomberg India Inc. is extending a banner year for share buybacks. Seven weeks into 2019, two dozen companies led by technology major Infosys Ltd. have announced or completed plans to buy 170.5 billion rupees ($2.4 billion) of their own stock, according to data compiled by Bloomberg. This compares with about 545 billion rupees for all of 2018, which was the ...

Bloomberg Canada is asking US House Speaker Nancy Pelosi to help press the Trump administration to lift tariffs on its steel and aluminum exports. Canadian Foreign Minister Chrystia Freeland has said she met Pelosi and other Democrats on the sidelines of a global security conference in Munich. They discussed President Donald Trump’s tariffs on Canadian steel and aluminum imports, Canada’s ...

Bloomberg The global tech war over Huawei Technologies Co. saw the European Union come under pressure from both the US and China as they fought over whether the company’s equipment should be banned from future 5G networks. “Chinese law requires them to provide Beijing’s vast security apparatus with access to any data that touches their networks or equipment,” US Vice ...

Bloomberg Porsche’s UK unit told customers they might have to pay as much as 10 percent more than expected if the country makes a hard Brexit and their imported car arrives after March 29. The information is precautionary and will allow customers to plan ahead for if the UK leaves the European Union at that date, Porsche said in an ...

RAS AL KHAIMAH / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, on Saturday, inaugurated the new facility of Ginox Swiss, a world leader in the manufacturing of professional kitchens. The opening ceremony was attended by Jérôme Hofer, CEO of Ginox Swiss, senior officials and media. Sheikh Saud said the ...

Abu Dhabi / Emirates Business The International Defence Conference (IDC) 2019, held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Supreme Commander of the Armed Forces, wrapped up on Saturday in Abu Dhabi. HE Mohammed bin Ahmad Al Bawardi, UAE Minister of State for Defence Affairs, kicked off the final day ...

DUBAI / WAM Customs World, a subsidiary of the Ports, Customs and Free Zone Corporation (PCFC), created a first of its kind platform based on the accumulative experiences of Dubai Customs. RIISE, the new platform, will be rolled out globally to empower different countries with a cost-effective and sustainable customs system that allows to effectively and transparently manage core customs ...

BERBERA / WAM DP World has launched a new water distribution centre increasing water supplies in Somaliland’s Berbera by 60%. The $1 million project started in 2018 and includes four water wells, two shallow pools, two water troughs, a concrete reservoir tank and seven kilometre pipeline connected to the main water supply. The project, powered by a hybrid solar system ...