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Bloomberg The UK is planning legislation to prevent a repeat of the contagion that followed Carillion Plc’s collapse. When the construction giant failed in January, it left its 30,000 suppliers some 2 billion pounds ($2.6 billion) out of pocket after it took up to four months to pay its bills. The shockwaves reverberated through the UK economy, damaging confidence already ...

Bloomberg Procter & Gamble Co. has been dinged over the years for being too big, too slow and too cautious as it tried to break out of tepid growth. It has issued a rejoinder: the largest jump in five years of a key sales measure. Investors cheered the first-quarter results, which the company says is proof its turnaround is working. ...

Bloomberg Germany’s economy started the fourth quarter on the back foot, with private-sector activity slowing to the weakest since 2015 and factory orders contracting for the first time in four years. The composite Purchasing Managers’ Index for Europe’s largest economy dropped to 52.7 in October from 55.0 last month, according to a flash reading released by IHS Markit on Wednesday. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that building the future is not merely an improvisational decision but a strategic plan based on knowledge and clear goals. His Highness also said that decisions related to the future of human being and humanity should be ...

Bloomberg China called on the US to reconsider pulling out of a three-decade-old arms control treaty with Russia, saying the move would generate “multiple negative effects.” President Donald Trump said on Saturday he planned to pull out of the Intermediate-Range Nuclear Forces Treaty, known as INT, claiming that Moscow had breached the agreement on intermediate-range conventional and nuclear weapons. The ...

Dubai / WAM His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, attended on Monday the opening of the second United Nations Data Forum 2018 in Dubai. The three-day forum will bring together more than 2,500 data experts, high-ranking government officials and prominent policy makers from 120 countries around the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Monday in Madinate Jumeirah in Dubai, Deputy Secretary-General of the United Nations Amina Mohammed. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai also attended the meeting. Sheikh Mohammed and Amina Mohammed ...

DUBAI / WAM The Federal Competitiveness and Statistics Authority (FCSA) has announced the signing of ten MoUs and strategic partnership agreements that aim to develop national capabilities in the field of statistics and accelerate the effort to meet the United Nation’s Sustainable Development Goals 2030 (SDGs). The announcement was made on the first day of the second UN World Data ...

Bloomberg As China braces for the full impact of President Donald Trump’s trade war, it’s seeking to learn from Japan’s economic battles with the US during the Reagan years. Chinese officials, business people and academics have been pressing Japanese counterparts to share experiences from the 1980s, when Tokyo found itself in Washington’s crosshairs as its huge trade surplus and increasing ...

Bloomberg Asia’s largest economy, China, has long had a reputation for smoggy skies. But these days, neighbouring India is fighting the far bigger battle with pollution: The South Asian country is home to the world’s 10 most polluted cities. India has long struggled to pull together the type of coordinated national approach that’s helped China reduce pollution. Prime Minister Narendra ...