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ABU DHABI / WAM The UAE has groomed a well-educated and knowledgeable generation that can confront present and future challenges, stated Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development. ‘‘Since it was founded, the UAE has been heavily investing in the capacities of youth so they can gain modern time skills and empower and rehabilitate themselves to ...

NEW YORK / WAM The world’s young people need safe spaces — both physical and digital — where they can “freely express their views” and “pursue their dreams” was the core message of United Nations Secretary-General Antonio Guterres to mark this year’s International Youth Day. “The hopes of the world rest on young people,” said the UN chief of the ...

DUBAI / WAM A high-profile UAE delegation, led by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, will visit Australia and New Zealand from August 12 to 17, to explore new areas of collaboration and learn about best practices in agriculture, livestock breeding, water resources utilisation and climate change mitigation and adaptation. In addition to Dr Thani ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohamed Bin Zayed Majlis for Future Generations will take place on the October 8 and 9 at the Abu Dhabi National Exhibition Centre (Adnec). The ...

Bloomberg As much as Wells Fargo & Co. wants the public to believe it has put its troubled past behind it, yet another legal tangle shows it still doesn’t have a handle on its own questionable behaviour. In the latest turn of events, the Department of Justice has started an investigation into whether Wells Fargo colluded with developers to submit ...

Bloomberg Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever Chinese acquisition. Ping An has sounded out the Chinese government about whether it would be supportive of a deal, according to one of the people. The Shenzhen-based insurer ...

Bloomberg China’s central bank said it won’t use the yuan as a tool to cope with trade tensions and other external issues, and that it won’t conduct any “strong” economic stimulus. The People’s Bank of China (PBOC) won’t implement stimulus in “flood-irrigation” style, according to the quarterly monetary policy report released in Beijing. Prudent monetary policy should maintain neutrality and ...

Bloomberg Greek lenders face higher financing costs after the European Central Bank said it will stop accepting the country’s government debt as collateral from August 21, the day after the nation’s bailout programme ends. The ECB will remove a waiver exempting Greek bonds from a rule that all collateral must be investment grade. The exemption was conditional on Greece being ...

Bloomberg The list of perks at Deutsche Bank AG is shrinking fast. Investment bankers at Germany’s largest lender have been told to travel coach class on trains; fewer are able to attend conferences and some former employees said severance pay was less generous than previous handouts. Even small treats like the daily fruit bowls are disappearing. The frugal ethos described ...

Bloomberg India is arguably the world’s toughest smartphone market — just ask Apple. Yet Chinese manufacturer OnePlus has found a path to success in the country of 1.3 billion. As Pete Lau, OnePlus’s co-founder and chief executive officer, describes it, OnePlus targeted younger users with stylish and affordable Android-based phones. Rather than plastering shops with ads, student ambassadors promote the ...