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Bloomberg China threatened unspecified “strong countermeasures” if the US Congress enacts legislation supporting Hong Kong protesters, in a sign of the deepening strain between the world’s two largest economies as they attempt to seal a trade deal. China’s foreign ministry issued the warning on Wednesday after the US House passed a package of measures backing a pro-democracy movement that has ...

Bloomberg President Donald Trump dismissed concerns that the US withdrawal from Syria has left American-allied Kurds abandoned against the Turkish military and that Russia has moved into the region to fill the void. “Syria may have some help with Russia and that’s fine,” Trump said. “It’s a lot of sand.” Trump also said the Kurds, who fought alongside American troops ...

Bloomberg India’s top court on Wednesday concluded hearing 40 days of arguments over the ownership of land in the northern city of Ayodhya that is at the heart of a long-drawn and polarising religious dispute over the construction of a temple on the site of a demolished mosque. The dispute over ownership of the 2.77 acres of land in Ayodhya ...

Bloomberg The White House designated a three-person team to bypass formal US-Ukraine policy following a meeting organised by acting White House Chief of Staff Mick Mulvaney, a senior State Department official told House impeachment investigators. The official, George Kent, said he didn’t personally attend that meeting on May 23, but department officials were informed afterward that then-Special Envoy to Ukraine ...

Bloomberg Spanish PM Pedro Sanchez is under pressure to restore order in Catalonia following a night of violence in cities across the region in the wake of jail sentences handed down to separatist leaders. “It’s clear we are not facing a peaceful citizens’ movement, but one coordinated by groups that are using violence in the streets to fracture Catalan society,” ...

Bloomberg Prime Minister Justin Trudeau’s party leads his top rival in safe districts ahead of Canada’s election next week, but is bleeding support to smaller parties while many races remain too close to call, polling shows. Seat projections by Nanos Research, unveiled on Wednesday at Bloomberg’s Canadian Fixed Income Conference in New York, showed Trudeau’s Liberals are on pace to ...

Dubai / Emirates Business DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza) reaffirmed its leadership position in global logistics when it was named “Global Free Zone of the Year for Large Tenants” at the fDi Middle East Free Zones of the Year Awards 2019. The fDi Magazine Awards, part of the Financial Times Group, cited Jafza for its ...

ABU DHABI / WAM Mariam Almheiri, Minister of State for Food Security, asserted that World Food Day is an ideal occasion to raise people’s awareness about the value of food, highlight the real challenges facing food security in different countries, and strengthen international cooperation to eradicate hunger around the world and achieve the United Nations’ Sustainable Development Goals for a ...

DUBAI / Emirates Business Dubai Chamber of Commerce and Industry announced its expansion in China with opening of a new location in Shenzhen that will be tasked with exploring business potential in the emerging in the fast-growing technology and innovation hub and attracting innovative Chinese companies to Dubai. The Chamber’s team in Shenzhen will identify business opportunities in the city’s ...

Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region, and the number eight global financial centre, marked a significant rise in Islamic assets being managed in the centre, recording a 45% growth between Q2 2018 and Q2 2019. Islamic finance is growing at 1.5 times ...