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Bloomberg Canada’s new Minister of International Trade Jim Carr has invited a dozen trade ministers to meet in October to discuss how to fix the World Trade Organization (WTO). But two countries have been left off the list: the US and China. The goal is to “identify concrete and tangible ways the operation and function of the WTO can be ...

Bloomberg Are Britons living beyond their means? That’s the question being asked by the Office for National Statistics after households saw their outgoings exceed their incomes last year for the first time in three decades. Each household spent or invested about 900 pounds ($1,187) more than they received on average — 25 billion pounds in total, according to an ONS ...

ABU DHABI / WAM Preparations are in full swing to launch KhalifaSat, the first satellite fully built in the UAE by a team of highly qualified Emirati engineers, into orbit before the end of the year from the ground station in Japan aboard the rocket, H-IIA, revealed Director-General of the UAE Space Agency. “The UAE Space Agency is planning to ...

ABU DHABI / WAM The Office of the Minister of Tolerance and Etihad Airways have signed a cooperation agreement to promote the values of tolerance, coexistence and respect for diversity. The agreement between the two parties seeks to promote these values in a more sustainable and enriching manner among different nationalities, cultures and religions via community projects in national and ...

Dubai / WAM The Business Park at Dubai South has announced it has entered into a strategic partnership with the Union of European Expert Chambers, UCEE, to establish a permanent exhibition and business centre for the members of the UCEE at the Business Park. The partnership aims to encourage European SMEs to set up their business in Dubai and the ...

Abu Dhabi / WAM The Department of Energy (DoE), issued an ‘Electricity Generation Licence’ to Barakah One Company, the joint venture subsidiary company owned by the Emirates Nuclear Energy Corporation (Enec), and the Korea Electric Power Corporation (KEPCO). The licence is a key regulatory requirement before operation of the peaceful Barakah Nuclear Energy Plants in Al Dhafra, Abu Dhabi. The ...

Bloomberg Pakistanis voted on Wednesday in a closely fought election that will determine the course of the nuclear-armed nation central to US anti-terrorism efforts and China’s global infrastructure ambitions. Earlier surveys showed none of the top three parties winning a majority. However, Pakistan Tehreek-i-Insaf (PTI), led by former cricket star Imran Khan, is leading on most parliament seats out of ...

Bloomberg Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its international footprint, people familiar with the matter said. Shanghai-based Fosun is talking to advisers about alternatives including teaming up with a partner to split the Brussels-based ...

Bloomberg China pledged to invest $14.7 billion in South Africa and grant loans to its state power utility and logistics company as the two nations seek to strengthen economic ties and increase trade. The rand gained. The commitment follows similar promises from Saudi Arabia and the UAE and bolsters President Cyril Ramaphosa’s campaign to lure $100 billion in investment to ...

Bloomberg President Donald Trump said that the US and the European Union (EU) should eliminate all tariffs, barriers and subsidies, with the bloc’s trade chiefs set to present him with proposals in that direction in a crunch meeting at the White House. “I have an idea for them. Both the US and the EU drop all Tariffs, Barriers and Subsidies!” ...