Donald Trump says the US is edging closer to a trade agreement with China and an "epic deal" could come in the next four weeks.
The US and China have been in talks since December to end a trade war that has seen tit-for-tat tariffs between the world's two largest economies.
Correspondent Harry Horton says one of the major sticking points in negotiations is how fast to roll back existing tariffs, and how to enforce any agreement.
UAE announces VAT exemptions under amended law
The Ministry of Finance announced the UAE Cabinet approved amendments to a Federal Decree-Law on Value Added Tax (VAT), which is set to exempt investment fund management services from VAT to stimulate growth in the investment management sector and increase the UAE’s attractiveness as a leading investment hub.
Brazil's top court says X paid pending fines to wrong bank
Brazil's Supreme Court said on Friday that lawyers representing social media platform X did not pay pending fines to the proper bank, postponing its decision on whether to allow the tech firm to resume services in Brazil.
Abu Dhabi Investment Office announces animal feed markets tender
Companies are being invited by the Abu Dhabi Investment Office (ADIO) to submit proposals to operate UAE animal feed markets.
OpenAI value climbs to $157bn in funding deal
OpenAI, the company behind ChatGPT, has raised $6.6 billion (AED 24.4 billion) from investors, which could value the company at $157 billion (AED 576 billion) and cement its position as one of the most valuable private companies in the world.
India, US sign pact to cooperate on battery mineral supply chains
Indian Trade Minister, Piyush Goyal, and US Commerce Secretary, Gina Raimondo, signed an agreement to cooperate on strengthening supply chains in the two countries for lithium, cobalt and other critical minerals used in electric vehicles and clean energy applications.
