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Bloomberg Accor SA plans to buy back as much as 1.35 billion euros ($1.65 billion) of shares over the next two years after the hotel operator agreed to sell a majority stake in its property business. Saudi Arabia’s Public Investment Fund, Singapore’s GIC Pte sovereign-wealth fund, Credit Agricole Assurances, Amundi SA, Colony NorthStar Inc. and other investors joined forces to ...

Bloomberg Puerto Rico faces a “dangerous financial dilemma” because of the US Treasury Department’s delay in providing billions of dollars of disaster relief needed to help it recover from the wreckage caused by Hurricane Maria, the island’s governor said in a letter to Senate and House leaders. Treasury’s “misguided delay and policy decisions contrary to Congressional intent” for the community ...

Bloomberg As Washington and Seoul try to maintain a unified front against North Korea, the case of two cargo ships shows how Kim Jong Un’s regime keeps finding ways to evade increasingly tough international sanctions aimed at halting its nuclear weapons program. Both vessels have gone through repeated changes of names and owners, part of an international shell game that ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited the Global Education Supplies and Solutions Exhibition (GESS) on Tuesday. The three-day event is being organised by the Ministry of Education in co-operation for the 11th consecutive year in the Dubai World Trade Centre. His Highness Sheikh Mohammed ...

Abu Dhabi / Emirates Business Major Pilot Saeed Mohammed Al Yamahi, the Official Spokesperson of Unmanned System Exhibition (UMEX) 2018 and Simulation & Training Conference and Exhibition (SimTEX) 2018 announced at a press conference that 10 defence deals worth AED294.225 million were signed on the third day of the dual event, taking the total value of deals signed to AED ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), is making smarter use of capital to fund an ambitious growth plans and accelerate delivery on the goals of its 2030 strategy, according to Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO. Speaking, in Abu Dhabi, at the Global Financial Markets Forum on ...

DUBAI / WAM Passenger traffic at Dubai International (DXB), exceeded 7.9 million in January, according to the traffic report issued by operator Dubai Airports on Tuesday. DXB welcomed a total of 7,960,146 passengers in January, a small reduction of 1% compared to 8,037,008 recorded in January 2017 when passenger volumes were boosted due to Chinese New Year which fell in ...

Bloomberg Comcast jumped into the fray for Sky Plc, challenging Rupert Murdoch’s 21 Century Fox Inc. and Walt Disney Co. with a cash offer valuing the business at 22.1 billion pounds ($31 billion) and opening the possibility of a bidding contest for the UK’s biggest pay-TV company. After months spent scoping out Sky’s technology platform and content proposition of sports ...

Bloomberg Euro-area economic confidence slipped in February, the latest number to show momentum in the region is taking a breather after the best year in a decade. The European Commission’s index of sentiment fell to 114.1 from 114.9, broadly in line with expectations. That’s the second consecutive monthly decline after the index touched a 17-year high in December. The business ...

Bloomberg Facebook Inc. failed again to get out of a lawsuit alleging its photo scanning technology flouts users’ privacy rights. A federal judge in San Francisco ruled that the world’s largest social network must face claims that it violated the privacy of millions of users by gathering and storing biometric data without their consent. Alphabet Inc.’s Google is fighting similar ...