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Micro-targeting ban won’t improve political ads

Google says it will limit the targeting of political ads to make it harder to sneak misinformation to impressionable voters. That puts the company ahead of the pack when it comes to making the political business of big internet platforms look less threatening. But the efficiency of political micro-targeting is questionable, and Google is responding to a moral panic rather ...

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FAA rebuffs Boeing with vow to scrutinise all 737 deliveries

Bloomberg US aviation regulators will conduct the final approval of factory-fresh Boeing Co 737 Max jets rather than allowing company employees to handle routine sign-offs before the planes are delivered. The plan amounted to the latest signal from the Federal Aviation Administration (FAA) that it intends to retain full control over all aspects of the grounded jetliner as Boeing prepares ...

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Modi mulls to exclude $7bn of Air India debt

Bloomberg India is considering a plan to exclude more than half of Air India Ltd’s $11 billion of debt in the government’s latest attempt to lure investors to the struggling carrier, people with knowledge of the matter said. Prime minister Narendra Modi’s administration plans to ask proposed investors to take over 300 billion rupees of the airline’s debt, which are ...

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Storms to disrupt travel for Thanksgiving in US West

Bloomberg A cluster of powerful storms is set to disrupt Thanksgiving holiday travel for the Western US, with heavy snow cancelling flights in Denver and a higher risk of mudslides in parts of California. Winter storm warning and advisories cover the West from Oregon to Arizona and a flash flood watch stretches from north of Anaheim to the border with ...

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Barneys bankruptcy leads to luxury deals over Black Friday

Bloomberg Barneys New York Inc will deepen its discounts over Black Friday weekend in a rare clearance of luxury brands — undercutting rival retailers that are generally loathe to offer price cuts on expensive merchandise. Clearance sales at Barneys will average 30% to 35% off starting on Wednesday as the holiday shopping rush begins, a representative for B. Riley Financial, ...

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Thanksgiving grocery basket costs less this year

Bloomberg For the least expensive Thanksgiving meal, head to discount grocery chain Aldi. That’s the conclusion of a report that measures the price tag on a basket of 20 common Thanksgiving items, including a 12-pound turkey, potatoes, green beans and corn, at 15 retailers in New Jersey. The average cost for a Thanksgiving dinner has dropped about 2.3% from last ...

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Best Buy surges as retailer boosts forecast on sales gains

Bloomberg Best Buy Co entered the holiday shopping season on a positive note after posting quarterly sales that topped estimates and raising its full-year-outlook, sending the shares higher. Fuelled by demand for appliances, headphones, tablets and services like tech support, comparable-store sales in the US rose 2%, easily beating analysts’ projections. The Minneapolis-based consumer-electronics retailer also boosted its forecast for ...

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Mohamed orders AED6.6bn in housing packages for Emiratis

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, ordered AED6.6 billion in housing packages – including loans, houses and land – to be granted to over 5,000 Emiratis within Abu Dhabi. In implementation of the ...

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UAE leads region in value of awarded contracts for 2019

Dubai / WAM Expo 2020 Dubai and government-led infrastructure projects were the key factors driving the growth of Dubai’s construction sector in 2018 and 2019, and this trend is expected to continue over the next two years, according to new analysis released by the Dubai Chamber of Commerce and Industry at a briefing organised for delegates attending the Big 5 ...

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‘UAE Jobs Bank’ initiative to prioritise Emiratisation

ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, launched the “UAE Jobs Bank”, as part of the implementation of cabinet’s resolution that oblige all govern- -ment entities and private sector to prioritise the employment of UAE nationals in 160 targeted professions to support Emiratisation portfolio. The launch was announced ...

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