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Bloomberg The UK should reduce its reliance on huge cables that carry electricity to and from Europe to ensure that the lights stay on. The government is overlooking the risks of relying on supplies that may not materialise, according to a report by Oxford, England-based Aurora Energy Research Ltd. Electricity on interconnector cables flows to where prices are more expensive, ...

Bloomberg The leaders of North and South Korea met for two hours Saturday to discuss the canceled summit with Donald Trump, less than a day after the US leader signaled the meeting may be back on citing “very productive” talks between the two countries. South Korea’s Moon Jae-in and North Korean leader Kim Jong-un, in a surprise move, spent two ...

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, received a large number of Sheikhs, top government officials and citizens on the occasion of the advent of the Holy Month of Ramadan. HH Sheikh Mohamed reciprocated greetings with the well-wishers who prayed to ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, reaffirmed the UAE full solidarity and support for Morocco in confronting all threats to its security, safety and stability. His Highness Abdullah made the remarks while chairing the fifth session of the joint UAE – Morocco Committee in the presence of ...

DUBAI / WAM The Board of Directors of the Sheikh Zayed Housing Programme has approved at its meeting in Dubai on Wednesday chaired by Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, the names of 300 citizens who are eligible for residential support, valued ...

Ras Al Khaimah / Emirates Business With proven hydrocarbon reserves in place, diverse exploration plays, easily accessible existing infrastructure, attractive production sharing terms and commercialization plans, plus a team of international experts already working on the ground, the tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale. Launched ...

Bloomberg ZTE Corp. is estimating losses of at least $3.1 billion from a US technology ban that’s halted major operations as clients pull out of deals and expenses mount, people familiar with the matter said. The telecoms gear and smartphone maker however is hopeful of striking a deal soon and already has a plan in place — dubbed “T0” — ...

Bloomberg Chinese smartphone maker Xiaomi Corp. is opening a store in Paris and planning for more shops in France, Spain and Italy, testing the appetite of consumers in developed markets as its executives consider a US xpansion. “Every morning I think about the US market and when we’ll launch there,” Xiaomi Senior Vice President Wang Xiang, who heads global operations, ...

Bloomberg Hewlett Packard Enterprise Co. gave a forecast for the current quarter that topped some Wall Street estimates, signalling that it’s benefiting from recent cost cuts and a push into software and computer services aimed at lessening its dependence on hardware. Profit excluding certain costs will be 35 cents to 39 cents a share in the fiscal third quarter, the ...

Bloomberg Facebook Inc. founder Mark Zuckerberg left European Union lawmakers fuming over unanswered questions at the end of a hearing that began with a mea culpa for the company’s recent privacy woes. At a meeting at the EU Parliament, Zuckerberg repeated what he’s been telling every audience recently: that his company didn’t take a broad enough view of its responsibility ...