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ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Italy’s Minister of Foreign Affairs, Antonio Tajani, today discussed the prospects of further cementing cooperation following the two countries’ recent announcement to promote their relations to strategic partnerships. This came as the UAE top diplomat received his Italian counterpart in Abu Dhabi Sunday to ...

BLOOMBERG A North Korean satellite launch that ended in failure will provide a trove of information about the secretive state’s rocket programme as South Korea salvages large sections from the bottom of the sea. South Korea released photos of a 14.5-metre (15-yard) portion of the North Korean rocket that failed in flight shortly after takeoff on May 31. South Korea’s ...

BLOOMBERG Taiwan expects satellite service by UK provider OneWeb will cover the entire island by the end of this year, the Central News Agency (CNA) cited Minister of Digital Affairs Audrey Tang as saying in an interview. Tang said the service expansion will provide more options for Low Earth Orbit  (LEO) satellites to Taiwan, according to the report. Backed by ...

BLOOMBERG Ethnic violence in India’s northeastern Manipur state has continued for more than a month, claiming over 100 lives and with mobs torching houses including those of the ruling party’s leaders. Mobs set ablaze junior foreign minister Rajkumar Ranjan Singh’s house in the state’s capital Imphal and targeted homes and offices of other leaders of the ruling Bharatiya Janata Party, ...

BLOOMBERG Secretary of State Antony Blinken met his Chinese counterpart in Beijing on Sunday as the Biden administration seeks to stabilise strained ties between the world’s two biggest economies. The top US diplomat, whose previous attempt to visit China in February was scrapped at the last minute when the US revealed an alleged Chinese spy balloon was floating over American ...

BLOOMBERG President Joe Biden called for new taxes on the wealthy and corporations and warned Republicans would roll back policies he argued had saved the US economy, setting out core themes as he kicked off his reelection campaign. Biden didn’t mention Donald Trump during a rally with union members in Philadelphia. Instead, the president contrasted his platform with his twice-indicted ...

BLOOMBERG United Airlines Holdings Inc is offering its pilots a contract with an incremental value in excess of $8 billion over four years, a figure that would make it the richest deal ever for a mainline US carrier. The company is negotiating weekly as it tries to reach a formal agreement with the union, Chief Executive Officer Scott Kirby said ...

BLOOMBERG Airbus SE predicted aircraft manufacturers will deliver 40,850 new jets over the next two decades as customers particularly in Asia expand their fleets and replace older aircraft with more fuel-efficient models. The plane manufacturer expects the global installed fleet to more than double through 2042 to 46,560 aircraft, with 23,680 planesrepresenting growth and 17,170 going toward replacement of older ...

BLOOMBERG The UK’s competition authority has ordered J Sainsbury Plc and Asda to stop using land agreements that prevent rivals opening nearby stores. The move will benefit discount supermarkets Aldi and Lidl which are opening more outlets as they gain market share in the UK’s highly competitive grocery market. Sainsbury and Asda, the UK’s second- and third-largest grocers, were found ...

BLOOMBERG Bed Bath & Beyond Inc has picked Overstock.com Inc as the lead bidder in an upcoming bankruptcy auction for the right to own the big box store’s brand. Overstock’s $21.5 million cash offer has been selected as the stalking-horse bidder for Bed Bath & Beyond’s intellectual property, according to court papers filed, setting the price floor for the bankrupt ...