Masonry Layout

Bloomberg China has turned half a trillion dollars of central bank money into bricks and mortar, and there’s more to come. That transformation can be best seen in Heze, a ‘small’ city of about nine million in the province of Shandong. There, local authorities have ripped down more than a quarter of a million older houses since 2015, some of ...

Bloomberg Indonesia has a blunt message for the US Federal Reserve’s Jerome Powell and other global financial chiefs gathering in Bali this week: be mindful of the effects of your policies on emerging economies. Even though authorities in the Southeast Asian nation are taking the right steps to stabilise the currency and keep deficits on the current account and budget ...

Bloomberg The US is threatening to block the UK from a 46-nation public procurement agreement, a move that would deny British companies from accessing a near $2 trillion marketplace after leaving the European Union, according to two officials with knowledge of the situation. The UK will apply to rejoin the Government Procurement Agreement, a $1.7 trillion trade accord that governs ...

Bloomberg British and European Union officials are locked in talks in Brussels over a compromise Brexit deal that could see the UK remain temporarily in the EU’s customs regime, people familiar with the negotiations said. With just a week before a crucial summit of EU leaders that could determine the outcome of Brexit, officials from each side are wrangling over ...

Bloomberg European Union governments tightened a proposed cap on carbon dioxide from cars in 2030, whittling away German resistance in a sign of heightened sensitivity across the bloc to road pollution. EU environment ministers set a CO2-reduction target for autos of 35 percent compared with 2021 in a bid to give a stronger spur to the development of electric vehicles. ...

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, witnessed several sessions of the two-day “2nd Mohamed bin Zayed Majlis for Future Generations,” which was held at the Abu Dhabi National Exhibition Centre. His Highness Sheikh Mohamed bin Zayed attended sessions presented by ...

Abu Dhabi / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, has reaffirmed the role of innovation in contributing to the economic upswing in the United Arab Emirates. Urging UAE youth to contribute to their country’s economic development, the minister, while addressing the second edition of the Mohammad Bin Zayed Majlis for Future Generations on Tuesday, ...

ABU DHABI / WAM The UAE will assist Kosovo in development of its capacities, in addition to attaining social and economic development through the progress of mutually-beneficial activities and frameworks, after the two sides signed a Memorandum of Understanding (MoU). The MoU was signed in Abu Dhabi by Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, and ...

ABU DHABI / WAM In a pioneering move for the insurance industry, Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has announced it will utilise Al Etihad Credit Bureau (AECB) products. As per UAE Federal Law No. (6) of 2010 concerning Credit Information, AECB regularly collects credit information from financial ...

Bloomberg Tokyo will lose the crown of being the world’s most populous city to Jakarta by 2030, according to Euromonitor International. The population in Jakarta, the capital city of Indonesia, will reach 35.6 million as it is forecast to add 4.1 million people between 2017 and 2030, Euromonitor said in a report. In contrast, Tokyo’s population will shrink by about ...