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Trump-Putin talks raise anxiety ex-spymaster will get upper hand

Bloomberg Donald Trump’s encounter with Russian leader Vladimir Putin is raising concerns among veteran American diplomats and analysts about a mismatch between a US president new to global affairs and a wily former Soviet spymaster experienced in the long game of strategy and statecraft. Their highly anticipated meeting this week at the Group of 20 summit promises to set the ...

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VP unveils Dubai’s new AED5bn business district

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that Dubai’s major real estate projects aim to enhance the emirate’s development across sectors, and enhance its readiness for the future as part of the comprehensive growth strategy of the UAE under the leadership of UAE ...

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Arabtec wins contract to build UAE Pavilion for Expo 2020

Dubai / WAM The National Media Council, the government entity responsible for building and operating the UAE Pavilion at Expo 2020 Dubai, announced that Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion. Arabtec Construction squared off against three local and international companies in the final round with nine ...

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UAE’s tallest observation deck to open in October

Ras Al Khaimah / WAM Forging ahead with its ambitious plans to be the region’s premier destination for adventure tourism, the Emirate of Ras Al Khaimah is set to open a new observation deck close to the summit of Jebel Jais, providing adventure seekers and nature lovers unrivalled and breathtaking views and experience of the UAE’s highest peak at 1,934 ...

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Cityland gets AED524 million funding for Dubai mall project

Dubai / Emirates Business Cityland Group on Tuesday announced a major financing milestone for the $330 million flagship retail project — Cityland Mall — from a consortium of banks consisting of Emirates NBD as the lead bank and Burgan Bank from Kuwait. The loan, which totals $142.74 (AED524mn) million in value, will be utilized for covering the ongoing project cost ...

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Slowing inflation restrains India’s robust growth record

Bloomberg India’s economy is struggling to recover its strong growth record, beset by record low inflation, a widening output gap, and short term uncertainty from the introduction of a uniform sales tax. That will build pressure on the Reserve Bank of India to jettison its neutral monetary policy bias adopted just five months ago, setting the scene for lowering interest ...

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China steps up scrutiny of online mobile games

Bloomberg China is stepping up its scrutiny of online and mobile games, as the leading government-owned newspaper blasted Tencent Holdings Ltd.’s top-grossing Honour of Kings for harming children in the pursuit of profit. The People’s Daily criticized Tencent’s most profitable smartphone title in an editorial, citing it as an example of how addictive games spread “negative energy” and have even ...

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Google’s DeepMind trial with patient data violated UK law

Bloomberg A landmark medical trial involving Alphabet Inc.’s DeepMind artificial intelligence division violated British data protection laws, the UK’s top privacy watchdog ruled. The Information Commissioner’s Office said that the National Health Service hospital that conducted the trial with DeepMind improperly shared 1.6 million patient records with the tech company, failing to inform patients that their data would be used ...

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SUVs save the day again as total US car demand softens

Bloomberg June US sales show automakers are still selling lots of expensive trucks and sport utility vehicles, a bright spot that’s rescuing profitability in a market forecast to decline from last year’s record sales. Deliveries of Toyota Motor Corp.’s RAV4 spiked 25 percent, while Honda Motor Co.’s HR-V saw a 35 percent gain, according to Autodata Corp. Toyota, Honda and ...

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UAE says still awaiting Qatar response to Arab demands

Reuters­­­­ / Bloomberg United Arab Emirates foreign minister His Highness Sheikh Abdullah bin Zayed Al Nahyan said on Tuesday that Arab countries boycotting Qatar over its support for terrorism were still awaiting a response to their demands via mediator Kuwait. Saudi Arabia, the UAE, Bahrain and Egypt are pressing Qatar to shut its Al Jazeera news TV station and scale ...

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