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Bloomberg A global tariff tit-for-tat could boost China’s $12 trillion economy and hurt the US expansion, according to European Central Bank research. The conclusions challenge President Donald Trump’s assertions that trade wars are “good, and easy to win.” They also counter the argument that China has more to lose from a spat with its main trading partner because of its ...

Bloomberg Tesla Inc.’s human resources boss emailed with Chief Executive Officer Elon Musk about offering employees promotions that could prevent them from continuing their advocacy for unionisation. “I saw it as positive they get involved in something they were criticising,” Gaby Toledano, who joined Tesla as “chief people officer” in May 2017 testified in a National Labor Relations Board hearing ...

New York / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met a number of US officials participating in the 73rd session of the UN General Assembly in New York. His Highness held meetings with David Hale, Under-Secretary of State for Political Affairs; David Satterfield, Acting Assistant Secretary, Bureau of Near Eastern ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received Radek Vondracek, Chairman of the Czech Lower House of Parliament, and his accompanying delegation, on Tuesday. Sheikh Mohammed welcomed the official and wished him a successful visit that would pave the way for building up relations between ...

DUBAI / WAM Dubai has retained its ranking as the fourth most visited city in the world for the fourth straight year, according to Mastercard’s Global Destination Cities Index (GDCI), 2018. The city welcomed 15.79 million overnight visitors last year and with a projected growth rate of 5.5 percent, the emirate is expected to witness another year of steady expansion ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and Radek Vondracek, Speaker of the Chamber of Deputies of the Czech Republic, discussed ways of reinforcing the overall economic and commercial ties between the UAE and the Czech Republic. While receiving Vondracek and his delegation in Abu Dhabi, Al Mansouri said that the UAE has strong economic ...

Bloomberg President Donald Trump called on the rest of the world to isolate Iran and said a US campaign of “economic pressure” would turn back the Islamic Republic’s aggression, in his second address to the United Nations General Assembly. Trump declared in his speech that America, under his leadership, had achieved new economic and military heights. While he ran for ...

Bloomberg Oyo Hotels, an Indian startup for booking reliable rooms in the country’s chaotic lodging market, is raising $1 billion to fund expansion into China and other global regions. Existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners have put in $800 million, with commitments for another $200 million, the company said. About $600 million of the ...

Bloomberg North Korea signalled it wants investments from South Korean companies to help modernise the secluded country, said a top executive in the business delegation that visited Pyongyang last week. North Korea wants to have economic cooperation and technical assistance from the South, Sohn Kyung-shik, the 79-year-old co-chairman of CJ Group and the head of the Korea Employers Federation, told ...

Bloomberg The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the photo-sharing app, people familiar with the matter said. The stock dropped 2 percent in pre-market trading on Tuesday. Kevin Systrom and Mike Krieger, who have been at the company since Instagram’s acquisition by Facebook in 2012, had ...