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Bloomberg The pace of China’s import growth is set to slow in 2018 after a boom this year. Inbound shipments will expand just 5 percent in 2018 after surging 14.9 percent this year, according to a Bloomberg survey of economists. Slower infrastructure investment, tighter monetary policy, weaker commodity inflation and high base effects are likely growth drags. That’s unwelcome news ...

Bloomberg China found some local governments inflated revenue levels and raised debt illegally in a nationwide audit, a setback for Beijing in its bid to boost the credibility of economic data after a run of scandals. Ten cities, counties or districts in the Yunnan, Hunan and Jilin provinces, as well as the southwestern city of Chongqing, inflated fiscal revenues by ...

Bloomberg UK business chiefs called for a swift and comprehensive trade agreement with the European Union as Brexit negotiations moved on to shaping the country’s future relationship with the bloc, with just 15 months remaining before Britain is due to leave. A long-awaited breakthrough on issues including a financial settlement clears the way for talks on a trade pact between ...

Bloomberg Apple Inc. is close to acquiring Shazam Entertainment Ltd., the startup whose music recognition app is already built into Apple’s Siri virtual assistant, according to a person familiar with the discussions. A deal for the London-based app maker could be announced as soon as Monday, said the person, who declined to be identified because the details are not yet ...

Bloomberg YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc. to catch up with rivals Spotify and Apple Inc. The new service could help appease record-industry executives who have pushed for more revenue from YouTube. Warner Music Group, one of the world’s three major ...

Bloomberg China expressed pessimism about bringing the North Korean standoff to a peaceful resolution, even as Kim Jong Un’s regime touted new United Nations support for “regular” talks. Chinese Foreign Minster Wang Yi said on Saturday “the outlook is not optimistic” on the Korean Peninsula and urged all sides to end what he said was a “vicious cycle” of confrontation. ...

Sharjah / Emirates Business His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member Ruler of Sharjah and Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness the Ruler of Sharjah, and Patron of the Global NCDA Forum, on Saturday opened the most influential gathering of experts and decision makers in the field of Non-Communicable Diseases ...

Abu Dhabi / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the orders of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Executive Council, the Abu Dhabi City Municipality (ADM) has started the allocation of 2310 ...

Abu Dhabi / Emirates Business Emirates Global Aluminium (EGA), the largest industrial company outside oil and gas signed a long-term port facility agreement with Abu Dhabi Ports to use some of the world’s largest bulk cargo vessels to import raw materials through Khalifa Port. With this agreement, Abu Dhabi Ports will be able to develop the port to become the ...

DUBAI / WAM Dubai achieved a new milestone in its efforts to reduce carbon emissions, getting certified by the C40 Cities Climate Leadership Group. C40 is a leading global network of cities committed to tackling climate change and protecting the planet. The network was established in 2005, and includes 75 major cities that have worked to reduce Greenhouse Gas (GHG), ...