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Bloomberg Just Eat Plc’s CEO is leaving after a surge in competition from rival apps and pressure from an activist shareholder to speed up decision-making and consider the sale of assets. Peter Plumb is stepping down with immediate effect, with Peter Duffy, chief customer officer, appointed as interim CEO. In December, shareholder Cat Rock Capital Management LP recommended Just Eat’s ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has said that providing a high quality of life for citizens is a key priority for the government. The government seeks to develop projects and find creative solutions for achieving the strategic objective of ensuring sustainability and providing ...

DUBAI / WAM A Smart Grid Station (SGS), has been inaugurated in Al Ruwayyah, Dubai on Sunday, by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, The construction of the new station is part of Dubai Electricity and Water Authority’s (Dewa), efforts to implement technologies which link smart buildings for the exchange ...

Dubai / WAM Strategic partnership and security cooperation are the main UK themes as over 100 UK security, fire and safety companies exhibit a range of world leading capabilities at Intersec 2019, which began on Sunday in Dubai. This significant UK presence reflects the strong commitment to future security cooperation and partnership between the UK and the UAE. A press ...

HODEIDAH / WAM The Emirates Red Crescent (ERC), inaugurated its fourth free mobile clinic along Yemen’s Red Sea Coast. The mobile clinics have treated over 18,000 Yemenis, including children, women and the elderly. Dr. Moustafa Al Kazmi, Head of the Medical Team, stated that the clinics in Al Ghuwairiq, At Tuhayat District, have treated over 80 medical cases, while noting ...

Bloomberg Democratic Republic of Congo (DRC)’s Constitutional Court confirmed opposition leader Felix Tshiskedi as the next president, while rival Martin Fayulu rejected the ruling and declared himself the rightful head of state. The court judgment of Sunday in Kinshasa, the capital, clears the way for the first transfer of power via the ballot box in the cobalt- and copper-rich nation ...

Bloomberg A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the US-China trade war. “We are ready to grab the opportunity,” Phuc said in an interview with Bloomberg TV’s Haslinda Amin, a few days before departing this week to the World ...

Bloomberg Sun Pharmaceutical Industries Ltd plunged to its lowest point in almost six years after a media report that a new whistle-blower complaint alleging corporate governance lapses has been sent to India’s market regulator. Shares of the nation’s largest drugmaker slipped 8.4 percent to close at 390.75 rupees a share — the lowest level since March 2013. Sun Pharma was ...

Bloomberg Business owners — and their accountants — can rest a bit easier: the IRS has given them the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul. The regulations detailing the new 20 percent deduction for pass-through business owners are of critical importance to the operators of such entities, ...

Bloomberg The battle between Tesla Inc and General Motors Co for the most valuable US carmaker is heating up. After Tesla followed in the footsteps of the legacy automakers and announced a plan to cut jobs, shares of the electric vehicle maker dropped as much as 10 percent in New York, bringing its market capitalisation to just $54.2 billion. GM, ...