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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 ...

Bloomberg Euro-area manufacturing expanded at the strongest pace in over six years as factories across the region took on more workers to deal with surging orders. A Purchasing Managers’ Index climbed to 57.4 in June, up from 57.0 in May and above a June 23 flash estimate, IHS Markit said on Monday. Growth rates improved in most of the surveyed ...

Abu Dhabi / Emirates Business In the period January to May this year, the emirate of Abu Dhabi recorded nearly 2 million hotel guest arrivals (1,965,436), a 4% growth compared to the same period in 2016, figures released by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) show. Of this figure, domestic visitors account for more than 600,000 hotel ...

Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, today announced that starting from July 9, Sohar will become the third destination to join its Oman network. The new route complements Air Arabia’s existing operations in Oman to Muscat and Salalah, boosts travel and trade opportunities between the two Gulf countries, and provides ...

Bloomberg / Emirates Business The US Department of Homeland Security lifted its ban on electronic devices in the cabins of commercial jetliners flying to the US from Abu Dhabi after validating security measures at a new facility inside Abu Dhabi International Airport, according to a statement from Etihad Aviation Group. “The removal of the restrictions allows passengers flying to the ...

Dubai / WAM Emirates expanded its presence in Southeast Asia with the launch of a new daily linked service from Dubai to Phnom Penh (PHN) in Cambodia, via Yangon in Myanmar. The airline says that the new service, operated with a Boeing 777 aircraft, broadens the its network in Southeast Asia to 13 cities in eight countries and offers more ...

Bloomberg India’s Vedanta Ltd. will spend $3 billion over the next three years as it seeks to expand oil reserves and nearly double output from its largest field. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells at its Barmer block in the western Indian state of Rajasthan and other blocks in the eastern part ...