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Bloomberg North Korea will get relief from international sanctions only when it has shown irreversible moves toward denuclearisation, US Secretary of Defense James Mattis said ahead of a summit next week between President Donald Trump and North Korean leader Kim Jong-un. Speaking on Sunday in Singapore at the start of a meeting with the defense ministers of South Korea and ...

ABU DHABI / WAM The Emirates Red Crescent (ERC), rescue teams in Yemen were among the first on the ground to help in the aftermath of Cyclone Mekunu, which hit the Yemeni island of Socotra in May, by initiating immediate recovery work and providing food and relief assistance, as well as reconstructing and reopening roads and restoring power supply networks. ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has again invited Dubai’s citizens and residents to benefit from the Shams Dubai smart initiative, following the outstanding success and the great adoption rate the initiative has achieved since its launch. Shams Dubai encourages DEWA customers to install solar photovoltaic panels on the roofs of their premises to generate electricity from ...

Dubai / Emirates Business Small business owners are confident the remainder of 2018 will be a period of strong growth. A new MEED survey of 75 of the UAE’s top SMEs conducted shows more than 60% are confident of achieving as much as 20% growth compared to their performance last year. For 13% of the respondents, an even more robust ...

Dubai / WAM Dubai has won the bid to host the 12th World Chambers Congress (WCC) in 2021, which will see the participation of 14,000 chambers of commerce from 100 countries. The 12th WCC will be held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

Bloomberg US Secretary of Defense James Mattis said the world have to deal with China’s militarisation of the South China Sea for now, but that Beijing would face “larger consequences” in the long term that could persuade it to change track. Beijing’s deployments of missile batteries and bombers to outposts in disputed areas appear aimed at intimidating neighbours, Mattis told ...

Bloomberg SoftBank Group Corp.’s Masayoshi Son wants his company to grow for 300 years, and he’s willing to pour billions of dollars into far-out technology to make it happen. General Motors Co., a business that is already more than a century old, is now part of that plan. GM said that the SoftBank Vision Fund is investing $2.25 billion in ...

Bloomberg The European Union complained to the World Trade Organization (WTO) about China’s technology-transfer practices in a surprise move that adds to US political pressure on Beijing. On the same day it filed a WTO complaint over US metal tariffs, the EU turned to the global trade arbiter to challenge Chinese intellectual-property (IP)legislation that forces European companies going to China ...

Bloomberg Reliance Communications Ltd. soared in Mumbai trading after it settled a payment dispute with the local unit of Ericsson AB, allowing the debt-laden phone operator to proceed with a planned asset sale to Reliance Jio Infocomm Ltd. and possibly stave off insolvency. RCom, as the company is known, advanced 6.6 percent to close at 18.65 rupees in Mumbai after ...

Bloomberg President Donald Trump ordered his energy secretary to take immediate action to stem power plant closures, arguing that a decline in coal and nuclear electricity is putting the nation’s security at risk. “Impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix and impacting the resilience of our ...