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Bloomberg Chinese industrial profits rose 14 percent in April from a year earlier as global trade increased. Industrial profits climbed to 572.8 billion yuan ($83.6 billion) last month, the National Bureau of Statistics said. That compares with a jump of 23.8 percent in March, and an 8.5 percent increase last year. Output in the world’s largest manufacturing nation is booming ...

Bloomberg Japan’s core consumer inflation gauge rose for a fourth month in April, the longest run of gains since mid-2015, but it’s far below target and weak underlying price pressures point to limited gains ahead. Highlights of CPI report Consumer prices excluding fresh food increased 0.3 percent in April from a year earlier, the fastest pace since April 2015 (estimate ...

Bloomberg The Swedish and New Zealand housing markets are the most at risk of a correction among the so-called G-10 economies, according to Goldman Sachs. In a report on house prices in G-10 nations — those with the 10 most-traded currencies in the world — Goldman finds they are most elevated in small, open economies such as Sweden and New ...

Bloomberg Donald Trump continued to distance himself from fellow world leaders over climate change at the G-7 summit, and said he’ll determine next week whether to pull the US out of the landmark Paris climate accord. “I will make my final decision on the Paris Accord next week,” the president told his almost 31 million Twitter followers on Saturday. While ...

Abu Dhabi / WAM Once again, the UAE adds another outstanding achievement to its vast array of exceptional accomplishments following the announcement of the Sheikh Zayed Grand Mosque ranking as the world’s second favourite landmark, winning Trip Advisors Traveller’s Choice Award of 2017. Trip Advisor, the world’s largest travel site, bases the ranking of its Traveller’s Choice Award on the ...

Sharjah / WAM In line with its commitment to elevate the exhibition and event industry in Sharjah, Expo Centre Sharjah recently held a training workshop in the eastern region of the emirate. The workshop was held in collaboration with Sharjah Chamber of Commerce and Industry and the Arab Union for International Exhibitions and Conferences, and focused on enhancing competitiveness of ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) and the Government of Jordan have enjoyed close ties dating back to 1974. Their constructive cooperation aims to achieve sustainable development goals in vital economic sectors that benefit the Jordanian population. In a report issued by ADFD to mark Jordan’s 71stIndependence Day, the Fund announced that by end-2016, it ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (RAKEZ), the world-class government authority comprising RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), has won as the ‘Best New Customer’ of the Genesys call centre system ‘PureConnect’ in the Middle East region. RAKEZ was awarded the prize at the G-Summit Middle East 2017 held at ...

Bloomberg In China, a bicycle-sharing phenomenon is changing the way urban dwellers get around — and forcing listed manufacturers to scramble to get a slice of the profits. Across major cities such as Beijing and Shanghai, sidewalks are filling up with parked bikes that anyone with an app can unlock with a swipe of their phone. The cost is a ...

Bloomberg SoftBank Group Corp., the Japanese company that raised a $93 billion fund for technology investments, is considering boosting its stake in chipmaker Nvidia Corp., people familiar with the matter said. The firm would raise its holding over time and begin to work more closely with Nvidia, the people said, asking not to be identified because the deliberations are private. ...