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Bloomberg Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch Solutions. Japanese-backed projects in the region’s six biggest economies — Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam — are valued at $367 billion, the figures show. China’s tally is ...

Bloomberg The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5 percent of the radioactive fuel ...

Bloomberg T-Mobile US Inc.’s acquisition of Sprint Corp. drew additional opposition from states as four more attorneys general joined a lawsuit seeking to block the merger of the wireless carriers, sending Sprint shares lower. The attorneys general of Massachusetts, Hawaii, Minnesota and Nevada are signing on to the complaint, a lawyer for New York said at a court hearing. That ...

Bloomberg Flames leap from cauldrons brimming with molten iron as they’re tipped into giant vats at one of Europe’s largest steel mills. Heated to over 1,000 degrees Celsius (1,832 Fahrenheit) in furnaces fired by coal, the liquid metal sloshing at Thyssenkrupp AG’s facility in Duisburg, Germany, will eventually wind up in automobiles, wind turbines and everyday household items from washing ...

Bloomberg President Donald Trump said the US will impose major new sanctions on Iran on Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic based on the concept of proportionality after Iran shot down a US Navy drone. The sanctions move, announced on Twitter with no additional detail, came as Trump spent the day ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), has awarded the Emirati Entrepreneurs Association (EEA), with a package of quality support programmes, including financial and technical support. The package will be used to support Emirati entrepreneurs’ skills and capacity development and creation of a suitable environment where their business projects could flourish. Commenting on the announcement, Mouza ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Presidential Resolution No. (1) of 2019 towards raising women’s representation in the Federal National Council (FNC) to 50 per cent with effect from the upcoming legislative cycle. Issued in the run-up to the fourth cycle of FNC elections that are scheduled to take place ...

SHARJAH / WAM The Expo Centre Sharjah concluded its visit to Egypt and Jordan where it explored prospects of future cooperation and joint coordination in the sector of international exhibitions and conferences, to promote the interests of the Arab economy. The Expo delegation was headed by Saif Mohamed Al Midfa, Expo Centre Sharjah CEO, and he was accompanied by Mahmoud ...

Abu Dhabi / WAM A UN official has praised the UAE’s role in implementing disaster risk reduction across the world. Sujit Mohanty, Chief of the UN Office for Disaster Risk Reduction (UNISDR), Regional Office for Arab States, said the UAE plays an important role, both locally and internationally, to apply emergency crises response systems and programmes. The UAE government has ...

Bloomberg Oyo Hotels & Homes, a lodging operator backed by SoftBank’s Vision Fund, is betting the same formula that fuelled the company’s rapid growth in India and China can work in the US. Oyo, which opened its first US hotel at the beginning of the year, plans to invest $300 million to expand in the country, Chief Executive Officer Ritesh ...