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Bloomberg Europe’s $38 billion a year carbon market is finally starting to work the way it was intended, reining in pollution with a minimum of squealing from industry. Thirteen years after it was created to limit carbon-dioxide emissions, prices for the allowances are rising. European Union policymakers have enacted measures expected to keep the cost of pollution on an upward ...

Bloomberg The Trump administration is under growing pressure to explain the details of its trade policies after fears of a tit-for-tat economic conflict between the US and China sent stocks tumbling. Businesses and investors are awaiting details in the coming days of the proposed product list for the tariffs on roughly $50 billion in Chinese imports President Donald Trump announced. ...

Bloomberg Just two years after Ford Motor Co. bet the revival of its Lincoln luxury line on the return of the Continental sedan, it’s reversing course and going all in on sport utility vehicles instead. Despite its retro Rat Pack allusions and elegant evocation of Bentley styling, the Continental didn’t sell as expected. Sales are down 30 percent this year, ...

Reuters Egyptians began voting on Monday in a presidential election set to deliver an easy win for incumbent Abdel Fattah Al Sisi, with turnout the main focus. Polling stations will be open for three days and Sisi, a former military commander, has urged Egyptians to vote, hinting that he sees the election as a referendum on his first four-year term. ...

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, said that the warm ties between the UAE and the Republic of South Korea were an outstanding example of how two countries could base their relationship on trust, common interests and mutual understanding on ...

Abu Dhabi / WAM The UAE and South Korea signed a number of Memoranda of Understanding (MoUs), to enhance partnerships and cooperation between the two countries. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and South Korean President Moon Jae-in, attended the signing ceremony at the ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has announced the start of the second phase of developing the National Export Programme. Aiming to bolster a diversified and sustainable national economy, the programme will contribute to enhancing the ability of national exports to penetrate and compete in international markets. In ...

DUBAI / Emirates Business Dubai Land Department (DLD) has successfully participated at MIPIM, the world’s leading international real estate conference, which was held at the Cannes Festival Palace in Cannes, France. DLD held several successful meetings with the exhibition organisers to discuss future cooperation and DLD’s continued participation over the coming years. The conference was an opportunity for DLD’s delegation ...

Bloomberg President Donald Trump’s move to slap tariffs on at least $50 billion in Chinese imports is likely to be bad news for many of China’s exporters—as well as Americans who like Guess jeans or Nike sneakers. A vast amount of items used by US consumers—from Under Armour leggings to Bath & Body Works shower gel and Samsonite luggage—are sourced ...

Bloomberg After hitting pay dirt with investments in Alibaba Group Holding Ltd. and Xiaomi Corp., Singapore sovereign wealth fund GIC Pte is giving China as much attention as it does Silicon Valley in the search for the next big thing in tech. Valuations for some tech companies globally may be too high, and what differentiates a good investor from an ...