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Bloomberg The European Union is set to offer the UK a free-trade deal deeper than any agreement that’s gone before, but will reject Prime Minister Theresa May’s demand for “frictionless trade,” according to EU diplomats. The EU’s vision for future ties with Britain will contain “about 30-40 percent” of May’s pitch for a wide-ranging trade and security deal, according to ...

Bloomberg Facebook Inc. has become the first big test case for the European Union’s beefed up privacy rules as Ireland’s data watchdog opened a probe into a security breach announced last week that affected as many as 50 million accounts. Ireland’s data protection authority said it has started investigating whether Facebook had “appropriate technical and organizational measures” in place to ...

Bloomberg Economic data have returned to the forefront for investors in US Treasuries, and may be turning the market around. Ten-year Treasury yields staged their strongest single-day upswing since November 2016, driving the rate to the highest since 2011. The surge followed a record-high reading on activity in the US services sector and stronger-than-anticipated gains in a private employment survey. ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday visited the ‘50 Years of Expo: Participant to Host’ exhibition that tells the story of the UAE’s extensive history of participation in World Expos, in the lead up to Expo 2020 Dubai. The showcase was ...

Dubai / WAM The Telecommunications Regulatory Authority (TRA), is gearing up for the most awaited technology event of the year (Gitex), with a number of new initiatives and innovative projects to be introduced. The initiatives will reflect TRA’s commitment to enhance smart lifestyle and support mGovernment activities in the UAE. The 38th edition of GITEX Technology Week is scheduled for ...

Dubai / WAM Marie Louise Coleiro Preca, President of the Republic of Malta, called for the establishment of new economic partnerships between the UAE and Malta, and expressed the intention to attract more UAE investors to her country. The Maltese President’s remarks came during the UAE-Malta Business Seminar, which was organised by Dubai Chamber of Commerce and Industry in cooperation ...

Dubai / WAM Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Dubai FDI, the investment development agency of Dubai Economy (DED), announced that it is set to convene global investors in Dubai at the upcoming Dubai Investment Week 2018. The major event, which will ...

Bloomberg The US warned that it could resort to strikes against a new class of Russian missile unless Moscow complies with its international commitments to arms reduction. NATO defense ministers on Wednesday were expected to discuss their concerns that Russia is building a medium-range ballistic missile in violation of the Intermediate-Range Nuclear Forces Treaty, US Ambassador Kay Bailey Hutchison said. ...

Bloomberg Indonesia is weighing proposals to cut the levy on gains from its sovereign bonds and extend tax breaks to exporters who will park their dollar earnings in local banks for a longer period as part of measures to shore up a weakening currency. Lower bond taxes could attract more inflows and help “deepen domestic financial markets,” Robert Pakpahan, director ...

Bloomberg Nothing seems to be helping India’s sovereign bond market. The optimism spurred by the government’s decision to cut its borrowing plan proved fleeting as tax collections failed to meet the target for a fifth straight month. Revenue from the goods and services tax, or GST, totaled 944.4 billion rupees ($12.9 billion) in September, falling short of the 1-trillion rupee ...