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Bloomberg Chinese President Xi Jinping called for closer cooperation with Germany in shaping the global order, marking out Chancellor Angela Merkel as an ally on free trade at this week’s Group of 20 summit. “The strategic character of Chinese-German relations is steadily gaining in importance,” Xi said in an op-ed article published on Tuesday in German newspaper Die Welt, citing ...

Abu Dhabi / Emirates Business The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for enterprises in Qianhai, Hong Kong and Abu Dhabi. In support ...

Abu Dhabi / WAM The Abu Dhabi Education Council (ADEC) and Emirates Transport have launched ‘Hafilaty’, an app that enables parents to track their children to and from school, as part of their efforts to enhance safety in school buses. Mohammed Salem Al Dhaheri, Executive Director of the School Operations Sector in ADEC, said that this project is being implemented within ...

STORD / WAM Masdar announced that a milestone has been reached in the development of the world’s first commercial scale floating wind farm, which on completion will be sited off the coast of Aberdeenshire, Scotland. According to a press statement, all five wind turbines, each with a capacity of six megawatts, have been mated onto a floating substructure in Stord, ...

Dubai / WAM Passengers using The Palm Monorail in Dubai can now board and alight at the newly-opened Al Ittihad Park Station for easy access to Palm Jumeirah’s central park, thousands of residences, and the Golden Mile Galleria Mall, master developer Nakheel announced on Monday. Located at the heart of The Palm’s Al Ittihad Park, the station is close to ...

Bloomberg Qatar delivered its official response to the 13 demands made by the Saudi-led coalition that cut diplomatic and transport links with the country, Al Arabiya news channel reported, as President Donald Trump and Kuwait’s emir stepped up efforts to resolve the month-long crisis. Al Arabiya gave no details of the reply. The coalition, which also includes the UAE, Bahrain ...

Bloomberg President Xi Jinping’s complaint about a ‘negative’ turn in China’s relationship with the U.S. showed the challenge facing Donald Trump when the two leaders meet in Germany this week. Xi’s comment during a phone call with Trump on Monday followed several assertive U.S. moves in Asia, including a naval patrol past a Chinese-controlled islet a day earlier. The American ...

Bloomberg With a landmark goods and services tax now rolling out across India, Prime Minister Narendra Modi is likely to turn his focus to job creation and other key economic reforms. Further big structural steps, such as revamping India’s land acquisition and labor laws, are unlikely to occur before the next national election, scheduled for 2019, as Modi’s Bharatiya Janata ...

Bloomberg Honda Motor Co.’s US auto sales rose more than analysts estimated in June, giving a positive start to mid-year reports following a five-month streak of industry declines. The Japanese automaker sold 139,793 vehicles in the US last month, a 0.8 percent increase from the same month last year. Analysts had been expecting a 0.5 percent increase. Sales of the ...

Bloomberg Facebook Inc.’s small print may be the next big thing in European antitrust as watchdogs home in on how the world’s biggest social network collects information from users that helps generate vast advertising revenues. Germany’s Federal Cartel Office is examining whether Facebook essentially takes advantage of its popularity to bully users into agreeing to terms and conditions they might ...