Abu Dhabi / Emirates Business Reem Mall, Abu Dhabi’s new up and coming entertainment, dining and shopping destination, has announced Carrefour as the Hypermarket operator in the US$ 1 billion project located on Abu Dhabi’s master planned development Reem Island. Carrefour, operated by Majid Al Futtaim Retail, the retail arm of Majid Al Futtaim, the leading shopping mall, retail ...

  WASHINGTON Imagine a young Margaret Thatcher, a politician who deeply mistrusts the political establishment and identifies on a gut level with the frustrations of the middle class. That’s shorthand for what Britain will need as it picks up the pieces after Thursday’s “Brexit” referendum. Friends of Britain (and Europe, too) need to stop pretending that support for withdrawal from ...

  Politicians in the UK made their final pitch for votes on the last day of campaigning before the EU referendum that will shape the future course of Europe. In both ways, the results will be followed by marathon talks on disengagement with the UK in case of Brexit or to implement concessions made by Brussels to keep London in ...

“Enough,” says Hillary Clinton. After the Senate defeated several gun-control proposals, she tweeted that word along with the names of the victims of the Orlando massacre. Political activists use tragedy and loss all the time to draw attention to good causes, or causes they think are good. There’s nothing wrong with that. What makes Clinton’s invocation of these names grotesque ...

  Aditya Sharma SPECIAL TO EMIRATES BUSINESS For the first time after a military coup deposed the civilian government of Yingluck Shinawatra, Thailand’s new head of state and military ruler Prayut Chan-o-cha visited India last Thursday. New Delhi has been looking forward to the Thai delegation, which will further boost ties with the Southeast Asian nation. According to local media ...

  Bloomberg Three weeks ago, Federal Reserve officials sounded like they needed a reason not to hike interest rates soon. Now, they’re in search of a reason to consider any change in policy. “Unless something unexpectedly positive happens, they’re likely on hold for the next couple of meetings,” said Carl Tannenbaum, chief economist at Northern Trust Corp in Chicago. Fed ...

  Bloomberg China’s money-market rate jumped by the most in almost three months as injections of funds by the central bank were overwhelmed by quarter-end demand. The 14-day repurchase rate, a gauge of interbank funding availability, climbed 13 basis points to 2.92 percent. in Shanghai, the most since March 31, according to National Interbank Funding Center prices. The benchmark seven-day ...

  Bloomberg Entrepreneurs who’ve flocked to London in recent years to upend the financial world with technology are dreading one potential disruption they can’t control: Britain leaving the European Union. A decision to quit the 28-nation bloc in Thursday’s referendum would threaten trade and regulatory benefits that have made London a hub for financial startups, as well as a center ...

  Bloomberg Bank of Nova Scotia, Canada’s third-largest lender by assets, is collaborating with financial technology firm Kabbage Inc to offer loans online to small businesses. The program will be available in Canada starting next month and in Mexico later this year, Atlanta-based Kabbage said that didn’t include terms. Business customers can apply for loans through Scotiabank’s website in the ...

  AP Norway’s consumer watchdog is suing the country’s largest bank, DNB, on behalf of 150,000 customers, claiming it has overcharged them 690 million kroner (US$83 million) in management fees in “falsely active funds.” In one of Norway’s largest class action lawsuits to date, the Norwegian Consumer Council says that from 2010 to 2014 the bank had charged customers six ...