Dubai to host inaugural ‘Abundance 360 Summit’

Dubai / Emirates Business A world-class speaker line up has been confirmed for the signature Abundance 360 (A360) Summit in Dubai, taking place at Emirates Towers on March 26-27. Conceptualised by renowned futurist Peter Diamandis, A360 is hosted by Dubai Future Foundation, and held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince ...

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Apple CEO urges China to ‘open up’ its economy

Bloomberg Apple Inc Chief Executive Tim Cook encouraged China to keep opening up its economy, as his company grapples with weaker demand from the nation and uncertainty over its trade war with the US. “We urge China to continue to open up,” Cook said during a speech at the annual China Development Forum in Beijing. “We see that as essential. ...

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Italy, China to sign up to $23 billion of deals, says official

Bloomberg Chinese and Italian companies will sign 10 accords potentially worth as much as 20 billion euros ($23 billion) at a ceremony with Chinese President Xi Jinping on Saturday, according to an Italian official who declined to be named before the event. Xi and Italian Prime Minister Giuseppe Conte will separately sign a memorandum of understanding giving Italy a role ...

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IS lost its final territory in Syria, say US-backed forces

Bloomberg IS, the militant group that once controlled parts of Iraq and Syria, is completely eradicated from its last pocket of territory on the Euphrates River, the Syrian Democratic Forces announced on Saturday. “Our forces have raised their flag over Baghuz and declare complete military victory over the terrorist IS after six years of war,” according to a statement on ...

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China factory blast leaves 64 dead

Bloomberg The death toll from an explosion that ripped through a chemical plant in the eastern province of Jiangsu rose to 64 on Saturday morning, state media said, as local authorities continue searching for survivors. The blast on March 21 at the Jiangsu Tianjiayi Chemical Co, in Chenjiagang, was the latest reminder of continued industrial risks in China, which has ...

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US to leave in place N Korea-related sanctions on Chinese shipping firms

Bloomberg The US will leave in place North Korea-related sanctions on two Chinese shipping companies, and President Donald Trump has no plans to impose additional penalties on Kim Jong-un’s government, according to two people familiar with the matter. The two people, who were granted anonymity to discuss the issue, spoke hours after Trump threw US sanctions policy towards North Korea ...

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Trump Jr. escapes Mueller Russia probe

Bloomberg Special Counsel Robert Mueller ended his probe without indicting one of its most politically sensitive subjects: Donald Trump Jr. A key episode in Mueller’s 22-month probe into Russian election meddling was a secret meeting that the president’s eldest son took at Trump Tower in Manhattan in 2016 with a Russian lawyer connected to the Kremlin on the promise of ...

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UK cabinet ministers war-gaming the fall of May

Bloomberg UK Prime Minister Theresa May is confronting what could be the end of her premiership as the near impossible task of delivering a Brexit deal cracks her fragile government apart. In the past two weeks, May has lost the trust of her cabinet ministers, infuriated members of parliament on all sides, and been told to her face a growing ...

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Asian investors binging on US corporate debt in 2019

Bloomberg Japanese investors are powering this year’s US corporate bond rally. Money managers in Asia are binging on blue chip American company debt after having cut back late last year. A measure of overseas buying in 2019 has more than doubled from a year earlier, according to Bank of America Corp. Japanese purchases of foreign debt, including US corporate bonds, ...

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Pinterest joins US IPO wave with fast revenue growth

Bloomberg Image search site Pinterest Inc. revealed steady revenue gains with narrowing losses as well as a big bet on overseas expansion, as it joined a surge of technology-related companies planning to go public in the US. Pinterest in its filing for an initial public offering reported strong user growth internationally and even a profit in the fourth quarter. It ...

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