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Bloomberg Apple Inc shares dropped close to bear market territory on concern consumers are no longer clamouring for its cornerstone product, the iPhone. The stock closed at a record of $232.07 on October 3. Since then it’s plunged almost 20 percent — the official bear market threshold — as multiple suppliers indicated the company is cutting parts orders for the ...

Bloomberg Britain’s pollution levels would probably rise if the country crashes out of the European Union without a deal, breaching a key pledge Prime Minister Theresa May has made to rein in emissions. That’s the conclusion of Bloomberg NEF, which forecasts that burning coal would increase in the first quarter of next year if there’s a no-deal Brexit. Without a ...

Bloomberg Confidence among US homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve’s debate over how far to raise interest rates. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points in November to ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received the participants of the ‘Interfaith Alliance For Safer Communities: Child Dignity in the Digital World Forum’ being organised by the Ministry of Interior. During the meeting, held at the Al Bahr ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), will accelerate delivery of its new integrated gas strategy, as well as its plans to increase its oil production capacity to four million barrels per day by 2020, with Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, saying there would be no let-up ...

Dubai / Emirates Business The largest construction event in the Middle East, The Big 5, returns with a brand new look and mission to the Dubai World Trade Centre (DWTC) from November 26-29. Under the theme “Shaping the Future of Construction”, the 39th edition of The Big 5 will introduce never seen before technologies and innovative solutions, organisers dmg events ...

SHARJAH / WAM Over 500 business leaders and 30 industry experts, chief executives and decision-makers representing the region and the world will lead discussions at the fourth Sharjah FDI Forum. Taking place on December 10-11 in Sharjah, under the theme, ‘Shaping the Future of Economies’, the Forum will see global experts cover corporate investment strategies, expansion opportunities, and explore the ...

Bloomberg Russia levied new charges against US-born investor and Kremlin critic Bill Browder, stepping up a quest that has gotten little traction in the West with a call to the US to investigate claims shareholders in his fund used illegal profits from Russia to fund contributions to the Democratic Party. Once one of the country’s largest foreign fund managers, Browder ...

Bloomberg Despite strong incentives in the Republican tax plan for American executives to expand, invest and ultimately boost the US economy’s growth potential, a lot of the debt companies are issuing appears to be motivated by something else. Non-financial corporate debt stands at 45.6 percent of gross domestic product, near the highest in post-war record keeping. Despite that, non-residential investment ...

Bloomberg The UK government has drawn up a package of reforms to improve the way public services are outsourced, after construction firm Carillion Plc became one of the biggest corporate casualties in British history this year. Outsourcing firms, including Serco Group Plc and Capita Plc, will issue “living wills” over the coming weeks, Cabinet Office Minister David Lidington plans to ...