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Global risks threaten to choke off Europe’s growth engine

Bloomberg The command center at the Otto Junker GmbH metals plant stands in sharp contrast to the noisy and smelly factory floor, where until just a few weeks ago workers operated various machines individually. The new digs are quiet, there’s no oil stench, and there’s even room for a coffee maker. The downside? The control room boss may end up ...

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Venezuelans protest Maduro again as impatience swells

Bloomberg The fight for the future of Venezuela re-opened on the streets of its capital, with electricity flickering in-and-out around the country for most of the last three days. Juan Guaido, the challenger to President Nicolas Maduro, brought thousands of supporters to the streets of Caracas, though fewer showed up than in late January after the National Assembly he heads ...

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ISNR to explore impact of AI on national security

ABU DHABI / WAM The UAE Ministry of Interior (MoI), announced that the Ninth International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2020) will run from March 17-19, 2020 at the Abu Dhabi National Exhibition Centre (Adnec). At an exclusive reception for the national security and cybersecurity community at Aloft Abu Dhabi, the announcement was made in the ...

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Dubai Route 2020 track work 80% complete: RTA

DUBAI / WAM The Dubai Roads and Transport Authority (RTA), announced that the construction progress rate of the entire Route 2020 Project, which is the extension of the Red Line of Dubai Metro to Expo 2020 site, reached 70 percent. The line extends 15km from Nakheel Harbour and Tower Station (11.8km of elevated track, and 3.2km of the underground track). ...

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Ministry of Economy team to visit Uzbekistan, Kyrgyzstan

Abu Dhabi / WAM The Ministry of Economy will visit Uzbekistan and Kyrgyzstan to hold joint economic committees with both the countries. The delegation, headed by Sultan bin Saeed Al Mansouri, Minister of Economy, will include a number of senior officials from the ministries and other federal entities and local government bodies, as well as a number of representatives of ...

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AMAF donates AED1mn to Al Jalila children’s hospital

Dubai / WAM The Awqaf and Minors Affairs Foundation (AMAF), donated AED1 million to Al Jalila Children’s Specialty Hospital to support the hospital’s advanced scientific research in paediatrics, help families of patients, and provide an integrated social safety network. Commenting on the announcement, Khaled Al Thani, AMAF Deputy Secretary-General, presented the donation cheque to Dr Abdulla Ibrahim Al Khayat, CEO of ...

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Kim may ready rocket launch, blames US for summit flop

Bloomberg North Korea could be preparing to launch a missile or rocket in the near future, according to satellite images of activity in the country, US radio network NPR reported, while the country’s state media said the world is blaming the US for ending the Hanoi summit without an agreement. The images were taken on February 22 at the Sanumdong ...

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China warns US that trade deal enforcement must be ‘two-way’

Bloomberg The enforcement mechanism for a prospective deal to end the trade war between China and the US must be “two way, fair and equal,” according to Vice Commerce Minister Wang Shouwen. Speaking on Saturday at a press conference in Beijing, Wang said he “feels hopeful” about the prospects for the negotiations, which are nearing completion amid pressure from US ...

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Japan GDP tops forecasts in Q4

Bloomberg Japan’s economy expanded more than first estimated in the fourth quarter, driven partly by stronger business investment. Yet more recent gauges of factory output and exports point to a gloomier outlook for this year. Gross domestic product grew at an annualised pace of 1.9% in the three months through December. That compared with an initial reading of 1.4% and ...

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Berry bests Apollo with $4.4b deal to form plastics giant

Bloomberg Berry Global Group Inc. agreed to buy RPC Group Plc for 3.34 billion pounds ($4.4 billion) to create one of the world’s largest plastic-packaging companies, derailing a rival takeover plan by Apollo Global Management. Once a holding of Apollo, Berry boosted the cash part of its proposal to win backing from RPC’S board. Shareholders wou-ld get 793 pence a ...

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