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Kim visits China in push against Trump sanctions

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Bloomberg Kim Jong-un is making his fourth visit to China, in a sign that the North Korean leader is seeking Chinese President Xi Jinping’s counsel ahead of a possible second summit with Donald Trump. Kim left Pyongyang on January 7 for a visit slated to end on Thursday, North Korean and Chinese state media reported. Kim was invited by Xi ...

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ADSW to address global sustainability challenges

Abu Dhabi / WAM It is vital for the global community to commit to working together to address the challenges of climate change and accelerate sustainable development, UAE ministers and senior business leaders said on Monday ahead of Abu Dhabi Sustainability Week 2019 (ADSW). The event – one of the world’s largest sustainability gatherings – takes place in the UAE ...

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Houthi militias destroy aid supply depots in Hodeidah

HODEIDAH / WAM The Iranian-backed Houthi militias have shelled the storage depots of relief organisations in Hodeidah, leading to the destruction of food supplies and basic goods intended for the Yemeni people. Local eyewitnesses said that the militias deliberately shelled the storage depots, which are located 7 kilometres east of Hodeidah City, with the aim of covering up their looting ...

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$2.4 trillion worth of construction projects a boost for wood industry

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Dubai / WAM The wood industry in the UAE is expected to boom over the next two years as the country ramps up construction activities ahead of the Expo 2020 Dubai. The wood and woodworking machinery industry will be impacted from the massive construction projects being executed as part of the build-up for the Expo 2020 Dubai. The large-scale event ...

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Dubai launches smart app for real estate valuators

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Dubai / WAM The Real Estate Regulatory Authority (RERA), at Dubai Land Department (DLD), announced the launch of the smart application for real estate valuators ‘Taqyimee’, which will have a positive impact on the real estate valuation activities in the Emirate. The launch was attended by Sultan Butti bin Mejren, Director-General of DLD; Marwan bin Ghalita, CEO of RERA; and ...

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Trump may try to suppress key part of Mueller’s findings

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Bloomberg The White House may try to block portions of Special Counsel Robert Mueller’s final report from being shared with Congress and the public in a fight that could end up before the Supreme Court. Mueller may submit his findings on Russian interference in the 2016 presidential campaign to the Justice Department as early as February, according to one US ...

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Elon Musk breaks ground on $5bn Tesla factory in Shanghai

China plans to ban fuel powered vechicles and promotes electric cars

Bloomberg After four years of planning, Tesla Inc finally broke ground on its planned $5 billion factory in the world’s biggest auto market. But the timing couldn’t be more inauspicious. Chief Executive Officer Elon Musk and some Shanghai officials, including Mayor Ying Yong, on Monday attended a function at a site near the city to kick off construction of what ...

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Handcuffed and roped up, Ghosn to address Japan court

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Bloomberg Carlos Ghosn will speak publicly on Tuesday for the first time since his arrest almost two months ago, when he appears in a Japanese court. Handcuffed and with a rope tied around his waist, as is the practice in Japanese courts, the former Nissan Motor Co. chairman will declare his innocence and deny any wrongdoing, according to his chief ...

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Rift between Germany, Brazil stalls work on carbon market

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Bloomberg A dispute pitting two groups of nations led respectively by Germany and Brazil is holding up work on creating a global market for trading carbon pollution, one of the pillars of the Paris Agreement on climate change. After bruising talks at a United Nations climate conference last month, the two groups remain at odds on how to structure the ...

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Job report signals solid US economy

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Bloomberg The US job market delivered a blowout performance in December, giving a clearer signal that the economy is on solid footing even as investors fret about the trade war and other risks in 2019. US stocks and Treasury yields surged after Labor Department figures showed employers added the most workers in 10 months, wage gains accelerated and labour-force participation ...

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