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Bloomberg British firms that get foreign direct investment (FDI) are more productive, especially small and medium-sized businesses. Experimental data from the Office for National Statistics showed that small firms that received money from overseas were 147.2 percent more productive on average than their counterparts. Medium firms saw a 197.4 percent boost, the report said. While just 1.1 percent of British ...

Bloomberg Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe. The shares jumped as much as 6.1 percent in extended trading, putting them on course for a record. Parent company Alphabet Inc. reported second-quarter sales, minus partner payouts, of $26.24 billion during ...

Bloomberg Alibaba Group Holding Ltd.’s food delivery platform Ele.me plans to spend $443 million this quarter trying to wrest customers from Meituan Dianping. Ele.me wants to command more than half of all food delivery transactions in China over the short- to medium-term, according to Chief Executive Officer Wang Lei, who took the reins after Alibaba acquired the startup this year. ...

Bloomberg When South Korean President Moon Jae-in was greeted with four deep bows from de facto Samsung Group chief Lee Jae-yong earlier this month in India, the footage quickly went viral back home. The overseas encounter between two of South Korea’s most powerful men — their first since Moon’s election on an anti-establishment platform last year — struck a chord. ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday opened Warner Bros. World Abu Dhabi, the world’s first-ever Warner Bros. branded indoor theme ...

Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), released its annual report for 2017, highlighting its efforts and commitment to protecting and enhancing air quality, groundwater and the biodiversity of the Emirate of Abu Dhabi’s land and marine ecosystem. In his introductory message to the report, His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in ...

DUBAI / WAM Dubai is set to host the 3rd edition of The Global Franchise Market Exhibition (TGFM), the official franchising event in Dubai offering a dedicated platform for local and international ‘franchisors’ and ‘franchisees’ to explore new business partnerships and investment opportunities, on the December 5-6 this year, at the Dubai International Convention and Exhibition Centre. This year, TGFM ...

ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), welcomed to its staff seven Emirati engineers, who have recently graduated from UAE universities to join its flagship Developee Engineers Programme, as part of its strategy to build long-term sustainability by developing Emirati talent in the nuclear sector. The engineers will commence a year-long nuclear regulatory development programme. ...

Bloomberg India’s move to slash levies on more than 50 goods will lower revenue by as much as $2.2 billion each year and is raising the prospect of the country missing budget goals again this year. A panel of federal and state finance ministers cut the goods and services tax on items from washing machines and lithium ion batteries to ...

Bloomberg A deadly heat wave across Asia is stretching electricity grids from southern China up to Tokyo and Seoul, sending prices to multiyear highs and sparking warnings of more power stress to come. Japan breached records above 41 degrees Celsius (106 Fahrenheit) as the heat that’s been blamed for at least 15 deaths this month pushed electricity rates to the ...