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Dubai / WAM Dubai has scored a new milestone in its bid to cement its leadership in the international maritime sector after it was selected as one of the world’s top five in the International Shipping Centre Development Index (ISCD). Backed by legal and legislative excellence, Dubai is known for its advanced infrastructure, world-class maritime and logistics capabilities–a competitive environment ...

Bloomberg India has recommended imposing a 25 percent safeguard duty on solar cells from China and Malaysia, saying the overseas supplies have caused or threatened “serious injury” to domestic manufacturers. Under the proposed plan, the safeguard duty would be applicable for two years, India’s Directorate General of Trade Remedies, a unit of the commerce ministry, said in the conclusion of ...

Bloomberg ZTE Corp. will take several weeks to get its business back on track after gaining its freedom from a game-ending US technology ban, people familiar with the matter said. The Chinese telecommunications equipment maker is dealing with a worker shortage as it awaits shipments of key components from US suppliers like Qualcomm Inc., the people said, asking not to ...

Bloomberg President Donald Trump’s equivocation on US intelligence agencies during a news conference with Russian leader Vladimir Putin triggered the most intense backlash from Republicans of anything he’s done since winning election in 2016. Republicans who looked past the release of his recorded his refusal to denounce neo-Nazi protesters, or complained but took no substantive action when he imposed tariffs ...

Bloomberg The Trump administration is hitting back at what it considers unjustified retaliatory tariffs that were imposed in response to US steel and aluminum duties. The US Trade Representative said it launched formal challenges at the World Trade Organization (WTO) against China, the European Union, Canada, Mexico and Turkey for retaliating against steel and aluminum tariffs. The Trump administration earlier ...

Bloomberg Jeff Bezos is the richest person in modern history. The Amazon.com Inc. founder’s net worth cracked $150 billion in New York, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person. Bezos, 54, also has topped Gates in inflation-adjusted terms. The $100 billion mark that Gates hit briefly ...

Bloomberg Looking out over his parched fields south of Berlin, dairy and grains farmer Thomas Gaebert is wishing for rains to save his crops after relentless hot weather. He is one of many farmers battling for survival after a heatwave and drought swept across northern parts of the continent, damaging crops from wheat to barley. Many German growers could go ...

ABU DHABI / WAM The UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, with the aid of Allah Almighty and its highly qualified, educated and determined citizens will pursue its drive towards further development, progress and prosperity, stated His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of ...

ABU DHABI / WAM Huang Jang Zhang, the President of the Chinese Business Council in the UAE has said that the upcoming visit of President Xi Jinping of China to the UAE will help boost the political and economic ties between the two countries and will also create additional commercial links, to achieve the mutual goals of the business communities ...

Dubai / WAM Norway will promote its innovations, technologies and further development of the country’s ocean industries to a global audience of millions, after confirming its participation at Expo 2020 Dubai. The country’s participation was confirmed in a letter from Norway’s Prime Minister, Erna Solberg, delivered by Jens Eikaas, Norway’s Ambassador to the UAE, to Reem bint Ibrahim Al Hashemy, ...