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Bloomberg Chinese companies are expected to cancel most of the remaining soybeans they have committed to buy from the US in the year ending on August 31 once the extra tariff on US imports takes effect from July 6. China is the world’s top soybean buyer and has yet to take delivery of about 1.14 million metric tonnes of US ...

Bloomberg UK companies are at “breaking point” over the lack of clarity on Brexit, and are slowing down their investments as they await answers to key questions surrounding Britain’s departure from the European Union, one of the country’s main business lobby groups said. Business confidence and investment intentions will continue to deteriorate until Prime Minister Theresa May ends the bickering ...

Bloomberg Interpublic Group of Cos, one of the world’s largest advertising companies, agreed to acquire Acxiom Corp.’s mark- eting-services unit for $2.3 billion, gaining tools to help clients sift through data to reach potential customers. Acxiom expects to receive $1.7 billion in net proceeds, according to a statement. The company plans to repay debt, buy back stock and reinvest in ...

Bloomberg Apple and Facebook have figured out how to keep us glued to their devices and platforms. But they haven’t figured out how to curb the misinformation that plagued them during the 2016 election and have struggled to regain public trust. And now, in the run-up to the 2018 midterms, they certainly don’t agree on a solution. Last week, Apple ...

Bloomberg Less than two months after losing power in a shocking election defeat, former Malaysian leader Najib Razak is now facing a legal battle against charges that could see him facing jail. Authorities arrested Najib in connection with an investigation into the disappearance of billions of dollars from state fund 1MDB, according to the task force investigating the case. He ...

DUBAI / WAM The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region. Titled “The Case for an Innovation Hub to Facilitate ...

DUBAI / Emirates Business Dubai Chamber of Commerce and Industry (Dubai Chamber) has supported Dubai’s high-end real estate sector through its sponsorship of LPS Beijing 2018, China’s leading invitation-only luxury property show. Dubai Chamber, which was a strategic partner for the three-day event, showcased an array of companies operating in Dubai’s elite property sector to affluent customers in the world’s ...

Hodeidah / WAM The Emirates Red Crescent (ERC), distributed 5,000 food parcels to Yemeni families across liberated towns and villages in Hodeidah in the past four days. This latest aid distribution benefited 35,000 individuals as part of the UAE-Saudi Arabia humanitarian assistance plan across Yemen’s Red Sea Coast. The UAE aid authority distributed 1,000 food baskets to Yemenis residing in ...

Dubai / WAM Jebel Ali Free Zone (Jafza), the region’s trade enabler and leading business hub, on Monday signed a cooperation agreement with the General Directorate of Residency and Foreigners Affairs (GDRFA) to further simplify existing visa procedures and improve customer experience. Under the agreement, the GDRFA will provide enhanced services to companies operating in Jafza and the National Industries ...

Bloomberg Germany’s Thyssenkrupp AG and India’s Tata Steel Ltd. reached a final agreement to set up a European steel company with equal share of ownership, more than nine months after signing a memorandum of understanding to establish the venture. The proposed name of the new company is Thyssenkrupp Tata Steel B.V., focussing on high-quality flat steel production, the companies said ...