Google and Android system start to cut ties with Huawei

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(San Francisco) - US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said it was beginning to cut ties with China's Huawei, which Washington considers a national security threat. In the…

China hits back at US with tariffs on $60bn of products

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(Beijing) - China has hit back in its trade war with the US, announcing plans to impose tariffs on US$60bn of American imports. Tariffs will be imposed on 5,140 US products with an annual value of about $60bn from 1 June, the Chinese finance…

Amazon offers employees $10,000 to quit

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Amazon said it was offering employees $10,000 to quit their jobs and become independent package delivery entrepreneurs for the online retail colossus. An Amazon statement said the latest incentive would also include three months of wages…

US government posts $160 bn surplus in April

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(Washington) - The US federal government posted a $160 billion budget surplus in April, according to data released by the Treasury Department. The Treasury said federal spending in April was $375 billion, up 27 percent from the same month…

Dubal Holding, North China Industries strengthen cooperation

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(Dubai) - Dubal Holding and China North Industries Corporation, NORINCO, signed a comprehensive MoU during the week of the 2nd Belt and Road Forum in Beijing to strengthen cooperation as part of the UAE Vision 2021 and China’s Belt and Road…

First Forum for Gulf Inventors opens

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(Dubai) - Sultan bin Saeed Al Mansouri, Minister of Economy, has underlined the importance of fostering an innovation-friendly environment combining financial incentives, social norms and know how to ensure smooth transition to an innovation-based…

Emirates named Best Airline Worldwide

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(Dubai) - Emirates airline has won five awards at the Business Traveller Middle East Awards 2019. The airline took home the highly regarded industry accolades for Airline with the Best First Class, Airline with the Best Economy Class, Airline…

Thailand breaks ground for Expo 2020 Dubai pavilion

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(Dubai) - The Kingdom of Thailand has broken ground for its pavilion at Expo 2020 Dubai, becoming the first South East Asian country to begin the construction of its pavilion. The ceremony officially marks the beginning of construction of…

Belt and Road Forum held in Beijing

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(Beijing) - Chinese President Xi Jinping opened Second Belt and Road Forum in Beijing. Addressing the opening session, Xi  said BR projects need to be transparent and fiscally sustainable.  There will also be "zero tolerance" for corruption,…

Microsoft tops trillion-dollar mark for first time

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Microsoft hit the trillion-dollar value mark for the first time, becoming the third technology giant to reach the symbolic milestone. Shares in Microsoft rallied some five percent to $130.59 in early Wall Street trade after a robust earnings…

Twitter triples profits, global user base rises

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(Washington) - Twitter said its profits tripled in the past quarter even as it ramped up efforts to root out abuse and misconduct on its short messaging platform. Profits in the first quarter hit $191 million, compared with $61 million a…

World's largest plane Stratolaunch makes first test flight

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(Washington) - The world´s largest airplane -- a Stratolaunch behemoth with two fuselages and six Boeing 747 engines -- made its first test flight on Saturday in California. The mega jet carried out its maiden voyage over the Mojave desert. It…

IMF warns rising debt makes economy more vulnerable

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(Washington) - Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned. While the concerns "aren´t…

Uber launches electric bikes, scooters in Paris

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(Paris) - US ride-hailing group Uber said that it would start deploying electric bikes and scooters for rent on Paris streets as soon as this week, joining a crowded market which city officials have vowed to rein in. Initially 500 of its…