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Bloomberg China took more steps to defuse trade tensions with the US, confirming it will remove the retaliatory duty on automobiles imported from America and preparing to restart purchases of American corn. The 25 percent tariff imposed on vehicles as a tit-for-tat measure will be scrapped starting from January 1, the finance ministry said. China also may buy at least ...

Bloomberg Forty years ago, 18 villagers of Xiaogang in Anhui Province banded together to disobey the orders of China’s government, risking their lives by deciding to farm individually instead of collectively. Now, they’re celebrated as the pioneers of Reform and Opening Up — the process of turning China into a market-based economy that celebrates its 40th anniversary this week. As ...

Bloomberg Envoys at a United Nations conference adopted a set of steps on fighting climate change meant to guide efforts to rein in greenhouse gas pollution worldwide. The diplomats drawn from energy and environment ministries in almost 200 countries backed rules to implement the three-year-old Paris Agreement, which called for drastic reductions in the use of fossil fuels by the ...

Bloomberg A borrowing spree by the Canadian federal and provincial governments is threatening to increase costs for companies just as the economy turns, according to BlackRock Inc. Public-sector borrowing is set to swell as issuers including the federal government, Ontario — already the world’s largest issuer of sub-sovereign debt — and Alberta continue to run budget deficits, BlackRock’s head of ...

Bloomberg Healthcare investors may have to be a bit more selective than they’re used to in 2019. With US health stocks poised to wrap up their second straight year of outperforming the broader market, the focus on hunting for innovation and next year’s winners is even more in vogue after recent market volatility. Small- to mid-cap biotechnology darlings that saw ...

Bloomberg Sri Lankan President Maithripala Sirisena caved in to mounting pressure and reinstated Ranil Wickremesinghe as prime minister, ending nearly two months of a protracted leadership crisis that prompted Moody’s, S&P and Fitch to downgrade the island’s credit rating. Sirisena on Sunday swore in Wickremesinghe, who he had abruptly fired on October 26 and replaced with former strongman president Mahinda ...

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI), and the Department of Economic Development in Ajman organised the UAE-Japan Investment Forum in cooperation with the Japan External Trade Organisation (JETRO). The forum is aimed at opening new skylines of cooperation between the two parties, and to explore the important economic opportunities available, thus increasing the trade volume ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has declared 2019 as the ‘Year of Tolerance’, highlighting the UAE as a global capital for tolerance, via its various legislative and policy-oriented goals to enhance the role of the country in instilling the values of co-existence and peace in local, regional and international communities. His Highness ...

MARRAKECH / WAM The UAE has stressed the importance of partnership and integration of government and the role of the private sector, which is a strategic partner in labour, in the mobility and employment process in the countries of destination and thus contribute to achieving the objectives of the Global Agreement on Secure and orderly migration. This was stated during ...

Abu Dhabi / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council (NMC), has said that declaration of the 2019 as the ‘Year of Tolerance’ by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, reinforces the keenness of the wise leadership on promoting noble human values which are cornerstones of ...