British PM Cameron chasing big deals in China



BEIJING // The British Prime Minister David Cameronis intent on striking deals worth billions of dollars on his China visit to help the UK economy.

In turn, the Chinese are using his two-day visit to lobby for a lifting of restrictions on the export of British technology to the Middle Kingdom.

Mr Cameron touched down yesterday in the Chinese capital flanked by a delegation of business leaders looking to benefit from the dragon economy's continued growth.

While he raised concerns about China's human rights record during a visit to the country in 2007 when he was the opposition leader, the subject is more muted on this trip.

Instead, the focus is on striking deals in areas such as education and engineering and in trying to persuade the Chinese to loosen restrictions on foreign investments in key industries including banking and telecommunications.

"We want a stronger economic and business relationship with China," Mr Cameron said. "We are the fifth-largest economy in the world but we have only 2 per cent of China's imports. But our dialogue is mature enough that we cover all of these areas, including human rights."

Yesterday, Mr Cameron was photographed outside a supermarket run by Tesco, which plans to invest US$3 billion (Dh11.01bn) in China on new stores. As he posed for the cameras, the Rolls-Royce Group was signing a $1.2bn contract with China Eastern Airlines to supply the carrier with 16 jet engines.

British exports to China, at £7.7bn (Dh45.6bn) annually, are just a fraction of the £25.4bn China exports to the UK. Ahead of his visit, Mr Cameron said he would like bilateral trade to double by 2015 to $100bn, with British exports making up $30bn of this.

More than 40 deals, together worth billions of dollars, are expected to be announced before Mr Cameron leaves China for South Korea today.

Yesterday, he met the Chinese premier Wen Jiabao who said the British government had showed "determination to push forward friendly co-operation between China and the UK", according to Bloomberg. "It's a great pleasure to be back in China and to be back with such a big delegation of ministers and businesspeople," Mr Cameron said.

"I well remember our meeting in 2009 and the promises I made if I won the election and I'm glad we are delivering on those promises."

More than 40 business leaders from industries including petrochemicals, banking and aviation are accompanying Mr Cameron.

The chief executive of Royal Dutch Shell Peter Voser, and Lucy Neville-Rolfe, the Tesco executive director, are among them, along with the British chancellor of the exchequer George Osborne. Yesterday, he and the Chinese vice premier Wang Qishan discussed economic co-operation.

"We hope China and Britain can further pragmatic co-operation, making high-end manufacturing, the green economy, infrastructure and financial services new highlights of our partnership," Mr Wang said.

Later, during a meeting with the delegation, he highlighted the paucity of investment from the UK into China. "To be frank the share of British investment in China is still quite small. Britain is conducting less technology trade with China than Germany, France and even Italy and Sweden. That is not commensurate with the status of our bilateral relationship," he said.

Although reservations about Mr Cameron's lack of emphasis on human rights were raised by some sections of the media in the West, business officials in China have welcomed the visit.

"I think this is very important to showcase the UK's strengths and arouse the interest of Chinese companies and Chinese officials in the UK," said Sophie Bao, a chief representative for the China-Britain Business Council. "China is trying to internationalise itself. It needs expertise and technology."

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Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Third Test

Day 3, stumps

India 443-7 (d) & 54-5 (27 ov)
Australia 151

India lead by 346 runs with 5 wickets remaining

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

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While you're here
10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

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NYBL PROFILE

Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Belong%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Michael%20Askew%20and%20Matthew%20Gaziano%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%243.5%20million%20from%20crowd%20funding%20and%20angel%20investors%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
​​​​​​​Fuel consumption, combined: 7.1L / 100km

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

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The%20specs%3A%202024%20Mercedes%20E200
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