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US should ‘think twice’ about leaving missile pact: Beijing

Bloomberg China called on the US to reconsider pulling out of a three-decade-old arms control treaty with Russia, saying the move would generate “multiple negative effects.” President Donald Trump said on Saturday he planned to pull out of the Intermediate-Range Nuclear Forces Treaty, known as INT, claiming that Moscow had breached the agreement on intermediate-range conventional and nuclear weapons. The ...

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UN World Data Forum 2018 launched in Dubai

Dubai / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, attended on Monday the opening of the second United Nations Data Forum 2018 in Dubai. The three-day forum will bring together more than 2,500 data experts, high-ranking government officials and prominent policy makers from 120 countries around the ...

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VP meets UN deputy secretary general

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Monday in Madinate Jumeirah in Dubai, Deputy Secretary-General of the United Nations Amina Mohammed. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai also attended the meeting. Sheikh Mohammed and Amina Mohammed ...

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FCSA signs pacts to enhance UAE data, statistics ecosystem

DUBAI / WAM The Federal Competitiveness and Statistics Authority (FCSA) has announced the signing of ten MoUs and strategic partnership agreements that aim to develop national capabilities in the field of statistics and accelerate the effort to meet the United Nation’s Sustainable Development Goals 2030 (SDGs). The announcement was made on the first day of the second UN World Data ...

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China looks to historic foe for lessons on handling Trump

Bloomberg As China braces for the full impact of President Donald Trump’s trade war, it’s seeking to learn from Japan’s economic battles with the US during the Reagan years. Chinese officials, business people and academics have been pressing Japanese counterparts to share experiences from the 1980s, when Tokyo found itself in Washington’s crosshairs as its huge trade surplus and increasing ...

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World’s fastest growing economy chokes on toxic air

Bloomberg Asia’s largest economy, China, has long had a reputation for smoggy skies. But these days, neighbouring India is fighting the far bigger battle with pollution: The South Asian country is home to the world’s 10 most polluted cities. India has long struggled to pull together the type of coordinated national approach that’s helped China reduce pollution. Prime Minister Narendra ...

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Fiat to sell parts unit Marelli to KKR’s Calsonic in $7.1bn deal

Bloomberg Fiat Chrysler Automobiles NV agreed to sell its car-parts unit, Magneti Marelli, to KKR & Co.’s Calsonic Kansei in the first major deal for the Italian-American carmaker under new Chief Executive Officer Mike Manley. The transaction, valued at 6.2 billion euros ($7.1 billion), will create Japan-based Magneti Marelli CK Holdings, according to a statement. Beda Bolzenius, chief executive officer ...

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Brexit uncertainty slashes investment in UK businesses

Bloomberg Four-fifths of UK companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust supply chains, relocate production and services or stockpile products if no clarity emerges soon on Britain’s future relationship with the European Union after Brexit, according to ...

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Netflix investors seek signs of resurgence

Bloomberg Netflix Inc. will make its most important announcement of the year on Tuesday, reporting how many new customers signed up for the world’s largest paid online TV service over the past three months. With tech stocks taking a drubbing this month, investors will be seeking reassurance that the company’s disappointing second quarter was just a blip and not a ...

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UAE, Bulgaria discuss ways to strengthen bilateral relations

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Sunday Boyko Borissov, Prime Minister of Bulgaria, and discussed with him ways of strengthening bilateral relations between both countries, in addition to a number of regional and international issues of common interest. ...

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