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Bloomberg A Chinese push to conclude a new Asia-wide trade agreement this year is running into opposition from India fed partly by concerns over the fallout of Beijing’s deepening trade war with the US. The 16-country Regional Comprehensive Economic Agreement (RCEP) is the Beijing-backed rival to the Trans-Pacific Partnership (TPP), a vast regional pact once led by the US that ...

Bloomberg Over the past year, the fortunes of the two brothers at the helm of India’s wealthiest dynasty have grown apart — to about $40 billion apart. Elder sibling Mukesh Ambani, 61, toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his petrochemicals conglomerate Reliance Industries Ltd. into the $100 billion club. ...

Bloomberg The US charged a Russian woman with conspiring to interfere in both the 2016 and 2018 elections, marking the first criminal charges related to next month’s congressional midterm vote. Elena Alekseevna Khusy-aynova of St. Petersburg, allegedly served as the chief accountant for an operation known as “Project Lakhta,” the Justice Department said in a statement. The department identified the ...

Bloomberg Porsche AG’s chief financial officer said a share sale of most profitable unit could unlock value to echo Ferrari NV’s successful public offering and help the sports-car maker raise money if needed. The maker of the 911 model could easily be valued “between 60 billion and 70 billion” euros ($69.4-$81 billion), applying multiples for luxury-goods producers such as Ferrari, ...

Bloomberg A Sears liquidation would cost its real estate spinoff 47 percent of its annual rent income, or about $84 million in cash flow, according to regulatory filings. Seritage Growth Properties, a real estate investment trust, was created in 2015 by Sears Chief Executive Officer Eddie Lampert to be the property owner and landlord for select locations of Sears and ...

Bloomberg Growth in UK advertising budgets has slowed to its weakest in 2 1/2 years as Britain struggles to define its future relationship with the European Union. The proportion of companies increasing their ad spending exceeded those scaling it back by 2.5 percentage points in the third quarter of 2018, down from a 6.5 point margin in the second quarter, ...

Abu Dhabi / WAM His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and Chairman of Abu Dhabi Sports Council, inaugurated the first edition of the Abu Dhabi International Boat Show (ADIBS) 2018 which kicked off on Wednesday, in the presence of a number of Sheikhs, ...

Dubai / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, has highlighted that Emirati youth’s keenness and willingness to learn Artificial Intelligence (AI) technology reflects their high level of awareness in enhancing their skills and technological abilities to better prepare them for jobs of the future. Al Olama commended the graduation of 75 male and female ...

Bloomberg Italian Deputy Premier Matteo Salvini visited Moscow on Wednesday to drive home one of his favorite points: that European Union sanctions on Russia hurt Italy and should be repealed. “The Russian sanctions are a social, cultural and economic absurdity,” Salvini told the annual meeting of the Russian branch of Italy’s main business lobby Confindustria, repeating the same lines he’s ...

Abu Dhabi / WAM The Abu Dhabi Department of Urban Planning and Municipalities (DPM), signed an agreement, on Wednesday, with the United Nations Human Settlements Programme, UN-Habitat, for Abu Dhabi to host the 10th World Urban Forum (WUF10), in 2020. This will be the first time an Arab country hosts the landmark forum. The forum will be convened by UN-Habitat, ...