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Bloomberg President-elect Joe Biden accused Trump loyalists at national security agencies of throwing up roadblocks to a smooth presidential transition and warned that adversaries could take advantage of the situation without better cooperation from the outgoing administration. “We need to make sure nothing is lost in the hand-off between administrations,” he said after a meeting with his national security advisers ...

DUBAI / WAM The Commercial Compliance & Consumer Protection (CCCP) sector, in Dubai Economy launched an updated version of its ‘IP Gateway,’ the online portal for obtaining services related to cases on infringement of trademark and commercial agencies. The IP Gateway is part of the efforts of Dubai Economy to enhance business competitiveness in Dubai and extend 24/7 intellectual property ...

ABU DHABI / WAM The International Defence Exhibition and Conference (Idex 2021) and the Naval Defence Exhibition (Navdex 2021), have signed a strategic agreement with the Tawazun Economic Council. Tawazun will be the principal partner of the exhibitions in line with Idex’s strategy of fostering cooperation with national companies specialised in vital sectors. Both Idex and Navdex are held under ...

AL AIN / WAM The United Arab Emirates University (UAEU) has been named the region’s third-best university according to the Times Higher Education World University Rankings 2021. The listing is a cut from the annual World University Rankings of higher education institutions in Arab countries. Commenting on the achievement, Zaki Nusseibeh, Minister of State and Chancellor of the UAEU said ...

Bloomberg Chinese regulators ordered Jack Ma’s online financial titan Ant Group Co. to return to its roots as a provider of payments services, threatening to throttle growth in its most lucrative businesses of consumer loans and wealth management. The central bank summoned Ant executives over the weekend and told them to “rectify” the company’s lending, insurance and wealth management services, ...

Bloomberg A tug-of-war is building for Thailand’s baht as concern about the nation’s virus outbreak counters the support from its current account surplus. Tailwinds for the baht are fading after it breached the key level of 30 per dollar as a jump in domestic infections weighs on economic growth. Traders are now trying to determine if the currency’s recent pullback ...

Bloomberg President Donald Trump’s continued effort to overturn the November 3 election results got a front-page rebuke from one his most loyal backers: the New York Post. “Mr President, it’s time to end this dark charade,” the New York City tabloid’s editorial board wrote in Monday’s edition. The paper, which endorsed Trump for president, tells Trump to “Give it up,” ...

Bloomberg UK Chancellor of the Exchequer Rishi Sunak said the trade deal reached with the European Union (EU) should reassure people worried about the economic damage of Brexit and can be an “enormously unifying moment for our country.” London will continue discussions with Brussels over access and equivalence for financial services, the chancellor said after Prime Minister Boris Johnson said ...

Bloomberg Facebook Inc. has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed, the Times of London reported, citing company documents. The Irish companies were used to hold its intellectual property for international sales, and Facebook companies around the world would pay ...

Bloomberg Promotions on foods high in fat, salt and sugar will be restricted in supermarkets and soft drink refills banned in England from April as part of a drive to cut obesity. Large and medium-sized retailers will no longer be allowed to offer “buy one get one free” or “three for the price of two” deals on unhealthy products, the ...