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Bloomberg The European Commission proposed ways to resolve the Trump administration’s concerns over the functioning of the World Trade Organization (WTO), in a bid to avert a looming crisis that could undermine the WTO’s ability to arbitrate trade disputes. “The dispute settlement function of the WTO is at grave danger, and swift action by members is needed to preserve it,” ...

Bloomberg The US Commerce Department has lifted the ban on American firms selling products to China’s ZTE Corp., removing the final hurdle for the company to start rebuilding its business. The ban was removed after ZTE paid the final tranche of a $1.4 billion penalty by placing $400 million in escrow at a US bank, the department said. That sum ...

Bloomberg Walt Disney Co.’s $71 billion deal with 21st Century Fox Inc. won the endorsement of influential proxy advisers Institutional Shareholder Services Inc. and Glass Lewis & Co., giving the entertainment giant another edge over rival suitor Comcast Corp. Both firms recommended that Fox shareholders vote in favor of the transaction during a July 27 investor meeting, with Glass Lewis ...

Bloomberg An IS suicide bomber killed at least 159 people in Pakistan on July 13 in one of the country’s worst attacks in living memory ahead of a tense July 25 national election. The blast also injured 200 others at an election rally in northwestern Mastung in the restive province of Balochistan, Ali Ahmed, a rescue worker in Mastung told ...

DUBAI / WAM Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, signed a Memorandum of Understanding (MoU) with China Council for the Promotion of International Trade (CCPIT), the largest official institution for the promotion of foreign trade in China. Designed to strengthen the commercial collaboration between the Chinese ...

ABU DHABI / WAM Sharjah Economic Development Department (SEDD), signed an Memorandum of Understanding (MoU), with Emirates NBD in order to develop services provided to customers and promote the economic development in the emirate. This is done through offering digital services that contribute to enhancing the reliance on paperless procedures and giving customers the option of electronically querying the licenses ...

Abu Dhabi / WAM DCT Abu Dhabi has signed an agreement with Dubai-based Emaar Properties to support the ‘Promoting Culture’ initiative. The initiative seeks to enrich the reading community in the UAE and the Arab region as a whole, by financing the local translation and publishing industry and developing its printing and distribution mechanisms. The agreement was signed by Saood ...

Dubai / WAM The Arabian Radio Network has unveiled its new headquarters in Dubai Media City. The facility includes world-class infrastructure including over 41 multiplatform radio, production and visual studios. ARN’s new operational hub in Dubai Media City is built for a multiplatform era, with over 50 cameras capturing the on-air content, entertaining and informing consumers via social media platforms ...

Bloomberg Donald Trump is snuffing out any chance for China to tap into the growing market for powering the supercars cruising around Malibu and Manhattan. The US administration’s latest 195-page list of an additional $200 billion in Chinese goods targeted for import tariffs includes seemingly obscure products such as benzene, toluene, xylene, methyl tertiary-butyl ether and butanol. These are typically ...

Bloomberg Singapore Telecommunications Ltd. was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials. The telecom giant announced it plans to start a competitive gaming league this year and will eventually sponsor its own team. Esports may already be big business in markets ...