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Bloomberg Tencent Holdings Ltd. surprised investors with its first profit drop in at least a decade as a Chinese regulatory freeze on game approvals hurt its ability to make money off marquee titles. Net income fell 2 percent to 17.9 billion yuan ($2.6 billion) in the three months ended in June, the Shenzhen-based company said, well short of the 19.3 ...

Bloomberg Lenders are ramping up riskier mortgage lending in the north of England just as property values start to fall and interest rates increase. That could be bad news for banks and home-loan providers in a region that’s already facing a hit to its wealth from the UK’s withdrawal from the European Union, no matter what kind of agreement is ...

Bloomberg Atlantia Spa’s Autostrade arm will hold an emergency meeting as top executives come under pressure to quit after dozens died when an Italian bridge it operated collapsed, people with knowledge of the matter said. The extraordinary board meeting is expected to be held next week to consider the impact of the disaster in Genoa, which killed at least 39 ...

Bloomberg Some of the biggest names in New York real estate, including SL Green Realty Corp., Vornado Realty Trust and Related Cos., have signed on to an ambitious plan to reduce energy use in the city’s larger buildings by 20 percent by 2030 — with some “wiggle room.” If it’s implemented, the plan would take the city’s 50,000-plus buildings of ...

ABU DHABI / Emirates Business Watania Takaful Company, one of the leading insurance companies in the UAE, announced on Tuesday a net profit of AED7.8 million for the first half of this year the company delivered, marking an increase of 190 percent compared to AED2.7 million in the same period last year. The company pointed out the most notable feature ...

Dubai / Emirates Business Almost half of UAE CEOs in the retail industry intend to start using artificial intelligence (AI) in the next two years, as they are increasingly influenced by technology to enhance the retail store experience for customers. This is according to the 2018 Global Consumer Executive Top of Mind survey, ‘No Normal is the New Normal’ jointly ...

DUBAI / WAM Dubai made a reduction in nitrogen oxide (NOx) emissions by 63 percent in 2017, compared with 2007, and an improvement in the cumulative efficiency between 2006 and 2017 by 28.87 percent, equivalent to a reduction of 43.9 million tonnes of carbon dioxide emissions, with a production capacity of 10,200MW in 2017, according to the fifth annual Sustainability ...

ABU DHABI / WAM Sheikha Lubna bint Khaled Al Qasimi, President of Zayed University welcomed 2161 new students enrolled for the new academic year 2018-2019. She directed them to be ambitious, competent, and innovative to meet proposed future aspirations. During her video welcoming speech at the opening of the New Student Orientation Program in Abu Dhabi and Dubai campuses, Al ...

Bloomberg India is reworking proposed e-commerce rules after a draft, which had signalled a shift towards boosting domestic startups, sparked criticism, according to people familiar with the matter, who asked not to be identified as the discussions are private. Commerce Minister Suresh Prabhu tweeted on August 11 that his ministry had received a “few concerns,” and will reach out to ...

Bloomberg South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases of fire this year alone. After announcing a recall of more than 106,000 BMW cars in the country, the transport ministry ...