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Bloomberg Britain’s Brexit limbo is helping to give Luxembourg’s booming funds industry a boost at the expense of jobs in the City of London. UK funds are racing to set up management units in the EU to avoid being locked out of the soon-to-be 27 nation bloc come March 29. And many are choosing tiny Luxembourg, which has already carved ...

Bloomberg The speaker of Russia’s parliament raised the possibility of changing the constitution as speculation grows that the Kremlin is considering ways to allow President Vladimir Putin to remain in power beyond the end of his current term, when current law requires him to step down. “This is about the transfer of power,” said Gleb Pavlovsky, a political analyst and ...

Dubai / WAM Participants in the UAE-Kazakh Business Forum highlighted the importance of reinforcing trade and investment ties between the two countries. The forum, held at the Dubai Chamber of Commerce and Industry, saw discussions and presentations by the Ministry of Economy, the Ras Al Khaimah Chamber of Commerce and Industry, and the Ministry of Investment and Development of Kazakhstan. ...

ABU DHABI / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has said that environment-smart agriculture (ESA), is a new concept being adopted around the world, where smart technologies and environmentally friendly agricultural practices are being applied. In a statement to the Emirates News Agency (WAM), he said, “We, in the UAE, have adopted environment-smart ...

Abu Dhabi / WAM The UAE will conclude 2018 with significant local, regional and international achievements. As well as honouring the name of the late Sheikh Zayed bin Sultan Al Nahyan, 2018 witnessed many local and international events that commemorated the memory of the Founding Leader, Sheikh Zayed, glorified his legacy, and promoted his humanitarian values. Upon the directives of ...

Abu Dhabi / WAM The Abu Dhabi Food Festival (ADFF), has officially concluded with more than 70,000 visitors and food lovers coming together across the emirate, strongly contributing to the positioning of Abu Dhabi as a global culinary hub. The two-week festival, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), ran until December 22, ...

Bloomberg Greg Kelly, the Nissan Motor Co. aide arrested along with former Chairman Carlos Ghosn, was granted bail on Tuesday, making way for his potential release after spending more than a month in jail. The Tokyo District Court set Kelly’s bail at 70 million yen ($635,000), according to the Tokyo prosecutors’ office. He was arrested on November 19 and was ...

Bloomberg Prime Minister Narendra Modi’s administration hasn’t assessed the impact of one of history’s most sweeping changes in currency policy. “No Madam,” was the Indian junior finance minister’s reply to a lawmaker’s question in parliament on December 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the country’s currency ...

Bloomberg The total value of fines handed out by the UK’s Financial Conduct Authority fell by almost 75 percent in 2018, after a bumper year in which it had secured penalties against the likes of Deutsche Bank AG, Merrill Lynch International and Rio Tinto Plc. The regulator handed out 60.5 million pounds ($76.6 million) in fines in 2018, more than ...

Bloomberg Acorda Therapeutics Inc rose the most since October after the US Food and Drug Administration approved its therapy for Parkinson’s disease. The drug, which will be sold under the name Inbrija, is an inhaled version of levodopa, an existing therapy that treats the effects of the neurodegenerative disorder. Acorda declined to say how it plans to price the product, ...