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Bloomberg North Korea stepped up its attack on US-led sanctions, threatening to resume its nuclear program if the measures aren’t lifted. The Foreign Ministry’s Institute for American Studies said it could revive its policy of economic construction and nuclear development if sanctions continue. The US “had better stop the self-destructive act of putting pressure” on the North, the Korean Central ...

Bloomberg Alibaba Group Holding Ltd. adopted a cautious tone on the outlook for the global economy even as signs emerged of a possible end to a US and Chinese trade war. China’s largest e-commerce company reported quarterly earnings well above analysts’ estimates, while also trimming its prediction for full-year sales by as much as 6 percent. Shares slid as much ...

Bloomberg Vietnam is proposing to allow international Internet companies such as Alphabet Inc.’s Google and Facebook Inc. one year to comply with a controversial cyber law that goes into effect on January 1 and requires them to open local offices and store data of Vietnamese users in the country. The Ministry of Public Security posted a draft decree on its ...

Bloomberg US President Donald Trump’s trade war isn’t only rattling global soybean markets. It’s also shifting the flow of crops within the US, changing pricing patterns and boosting how much of this season’s bumper crop needs to be stored. Traders shipping soybeans through the Pacific Northwest, a key export hub to China, are now diverting supply from that route south ...

Bloomberg Canada’s unemployment rate fell back to four-decade lows, but sluggish wage increases and slumping exports offer little evidence the economy is running hot enough to warrant accelerated interest rate increases. Statistics Canada released jobs data that showed modest employment gains, but with a shrinking labour force and the slowest wage gains in a year. A separate trade report continued ...

Bloomberg Nokia Oyj said it will reap the rewards of higher spending on next-generation wireless networks in the final months of 2018, after the Finnish company announced an unspecified number of jobs reductions in a $1 billion drive to cut costs to reach long-term targets. The results showed that the company has some way to go to fulfill Chief Executive ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the issuance of Law No.19 of 2018 on Foreign Direct Investment (FDI), represents a quantum leap in the business environment in the country, strengthening its attractiveness to FDI and supporting its efforts at attracting qualitative investments in sectors such as knowledge, innovation and advanced technology, ...

ABU DHABI / WAM The UAE has reinforced its presence in the world of digital media, through innovative strategies that have helped to convey its message locally and internationally. The UAE’s digital media is being supported by many senior officials. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, declared ...

Dubai / WAM The Global Islamic Economy Summit 2018 in Dubai concluded on Wednesday with a call for halal industries to embrace innovative technologies in order to ensure their sustainable growth. The high-level summit, the largest event dedicated to all aspects of the Islamic economy, was held on October 30-31, and attended by over 3,000 visitors, including HH Sheikh Hamdan ...

Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, on Wednesday announced that the UAE will contribute $1.5 million annually for the period 2019 to 2021, cumulatively amounting to $4.5 million, to fund the projects carried out by the Global Green Growth Institute (GGGI). The announcement was made at the GGGI’s Assembly and Council, held ...