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Bloomberg The European Union says it will continue a tit-for-tat escalation in its trade dispute with the US while countering President Donald Trump’s assertion that the US is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted that if Trump applies ...

Bloomberg The chill that has crept over some segments of the Toronto housing market may soon extend to one of its persistent hot spots: condominiums. Evidence of a slowdown is emerging as new rules make it tougher to get a mortgage and borrowing costs rise for the first time in almost a decade. That’s reducing the appeal of Toronto condos, ...

Bloomberg OPEC and its allies gave the final sign-off to an oil-production increase, sealing a victory for Saudi Arabia and Russia. Major producers outside the Organization of Petroleum Exporting Countries — including Mexico and Kazakhstan — met ministers from the cartel on Saturday and endorsed a nominal output increase of 1 million barrels a day, said Ecuador’s Minister of Hydrocarbons ...

Dubai / WAM Dubai Properties, a member of Dubai Holding, is drawing high interest for its upscale projects from investors and potential buyers in China as part of its participation at Luxury Property Showcase (LPS) Beijing 2018, the leading luxury property show that is currently underway in the Republic’s capital city. Dubai Properties, a member of Dubai Holding, is drawing ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), in cooperation with Abu Dhabi Public Services Company (Musanada), completed the internal roads and infrastructure project at Nahda Al-Askariyah, Baniyas and Al Shawamekh. The total cost of the project is AED102.77 million and it spans an area of 197,000 square metres approximately. The projects, which are part of the Master ...

Jeddah / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council (NMC), has emphasised that the UAE, in implementation of the directives of the wise leadership and its effective role within the Saudi-led Arab Coalition, continues to support the Yemeni people through carrying out a huge humanitarian operation to provide aid ...

Dubai / WAM The Roads and Transport Authority (RTA), in Dubai, announced the completion of 85 percent of works in the 7th Interchange on the Sheikh Zayed Road (SZR), Project, and the Al Yalayes Road Improvement Project, and that both projects would be opened on September 15. “The two projects will enhance the link between the Sheikh Zayed Road and ...

Bloomberg Internet giant Meituan Dianping has filed for an initial public offering in Hong Kong, becoming the latest Chinese technology juggernaut to throw a multi-billion-dollar coming-out party in the former British colony this year, according a person familiar with its filing documents. The food delivery and restaurant reviews service submitted documents for a share listing late on June 22, the ...

Bloomberg Terry Gou, the billionaire chairman of Apple Inc.’s main iPhone assembler, said the biggest challenge facing his Foxconn Technology Group is a trade war between the US and China. Foxconn has a number of response plans to a trade war, Gou said, without elaborating, at the annual shareholder meeting of Hon Hai Precision Industry Co., his main listed unit. ...

Bloomberg President Donald Trump threatened a 20 percent tariff on cars imported from the European Union unless the bloc removes import duties and other barriers to US goods, escalating a global trade war the EU warned could endanger $300 billion in commerce. “Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers ...