Traders work on the floor at the New York Stock Exchange. File
Japan’s government slashed its economic growth forecast for this year largely due to weaker exports, in a sign the protracted US-China trade war is taking a bigger toll on the world’s third-largest economy.
Japan’s exports likely fell for an eighth straight month in July, a Reuters poll showed on Friday, as a protracted US-China trade war and weak global demand hurt shipments from the world’s third-largest economy.
China must make every effort to maintain economic and social control as it battles the coronavirus epidemic, and avoid causing panic that could lead to secondary “disasters,” President Xi Jinping told senior officials earlier this month.
China’s factory gate prices shrank for the first time in three years in July, stoking deflation worries and adding pressure on Beijing to deliver more stimulus as the economy sputters amid an intensifying trade war with the United States.
Emirates SkyCargo has announced that it is stepping up its readiness to handle the logistical complexities of distributing a potential COVID-19 vaccine globally by creating the world’s first dedicated airside cargo hub for the vaccine in Dubai.
World shares slipped to a two-week low and oil steadied after another heavy fall on Thursday, as the global surge in COVID-19 cases and fractious US stimulus talks kept financial markets cautious.
Chairman of the Abu Dhabi Department of Energy Awaidha Murshed Al Marar has said that the department is implementing the directives and visions of the UAE’s leadership to enhance the stature of Abu Dhabi
Mariam Bint Mohammed Saeed Hareb Al Mheiri, UAE Minister of State for Food Security, and Brazil’s Minister of Agriculture, Livestock and Supply, Tereza Cristina, kicked off the third day of the Brazil-Arab Countries Economic Forum.