One could argue — and some, like UKIP leader Nigel Farage, already do — that the concessions British Prime Minister David Cameron obtained late on Friday from other European Union leaders in order to stay in the bloc are meaningless. Or one could rejoice in a victory as Cameron does. That won’t change a fundamental fact: The UK is not ...

Alwar / AFP With his rickety bicycle and sackcloth mail bag, 62-year-old Indian postman Chet Ram does not look like a worker at the vanguard of an e-commerce revolution delivering everything from mobile phones to cow manure. He pedals miles each day in rural Rajasthan state, ferrying packages to villages and takes payments in cash because most of his customers ...

Cupertino / DPA When it’s Apple, you know it’s going to be big and bold. And so it is with its new headquarters or “Spaceship Campus,” which will cover 260,000 square meters and has a circumference of 1.6 kilometres in Cupertino, California. Computer-generated images of what it will look like show something resembling a giant glass doughnut, with a green ...

New York / AFP Global markets sagged but still turned in one of the strongest weeks of 2016 despite worries about economic growth and weak commodity prices. China’s intervention to support the yen and scare off devaluation speculators, and a deal struck to possibly avert Britain’s pullout from the European Union, reduced some of the risks that had dogged markets ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.16% to close at 4204.17 points. Accordingly the Market Capitalization has lost AED1.06 Billion attaining AED681.97 Billion. A total of 0.69 Billion Shares were traded with a total value of 0.69 Billion AED during the trading session of 21-02-2016 through 7201 transactions. The number of companies which has been ...

DUBAI / WAM Integrated Securities, one of the UAE’s brokerage firms and a subsidiary of Abu Dhabi Financial Group (ADFG) has become a Member of Nasdaq Dubai, providing its clients with the opportunity to trade equities on the region’s rapidly expanding international stock exchange. Integrated Securities’ arrival on the market opens a new gateway for both its retail and institutional ...

Hong Kong / Bloomberg Hong Kong’s developers, who are throwing in enticements from iPhones to wine coupons in response to the slowest home sales in 25 years, might be running out of gimmicks to stoke demand. Most buyers aren’t biting as property analysts predict prices will fall as much as 25 percent this year after declining 11 percent since September. ...

Bloomberg Online grocer Fresh Direct LLC sold its longtime home in the Long Island City section of Queens to a developer, drawing an outsized price for a property in a rapidly gentrifying area, even though it can’t be converted into residences. The 276,705-square-foot warehouse at 23-30 Borden Ave. was sold for $48 million, according to a person with knowledge of ...

NEW YORK / Bloomberg Fairway Group Holdings Corp., the New York gourmet grocery chain that once had ambitions of a nationwide expansion, is approaching default after years of red ink. After gorging on debt to finance its growth plans, the company is now at risk of breaching its credit covenants when its fiscal quarter ends on April 3, according to ...

Bloomberg Fannie Mae, the government-controlled mortgage company, will pay the U.S. Treasury Department $2.9 billion after reporting net income of $2.5 billion for the fourth quarter. The company, which was placed under conservatorship along with smaller rival Freddie Mac during the 2008 financial crisis, will have returned $147.6 billion in dividends to the federal government, according to a regulatory filing ...