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Bloomberg Britain recorded its smallest budget deficit for any December in 17 years as value-added tax receipts reached a record and the Treasury received a bumper credit from the European Union. Net borrowing narrowed to 2.6 billion pounds ($3.6 billion), well below the median forecast of economists, from 5.1 billion pounds a year earlier, figures showed. It left the shortfall ...

Bloomberg Netflix Inc. surged in late trading after a blow-out quarter, vaulting past $100 billion in market value for the first time to put the video service on a lofty perch with the likes of Goldman Sachs Group Inc. and Qualcomm Inc. The world’s largest online TV network reported its strongest year of subscriber growth to date. Netflix added 24 ...

Bloomberg It’s been a decade since western bankers commanded the deference in Davos they enjoyed before the financial crisis. That blight appears to be spreading to politicians. The so-called masters of the universe headed to this year’s annual gathering of the global elite are looking less than magisterial. With the US in “America First” mode under Donald Trump, Britain consumed ...

AL AIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday patronised the graduation ceremony of the 42nd batch of cadet officers of Zayed II Military College in Al Ain. The ceremony began upon the arrival of His Highness Sheikh Mohammed bin Rashid at the college ...

Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, reviewed the plans, programmes and projects undertaken by the Ministry of Climate Change and Environment (MOCCAE), being implemented throughout the country, as well as in the emirate. His Highness, the Ruler of Ajman, received Dr Thani bin Ahmed Al Zeyoudi, Minister of ...

Abu Dhabi / WAM The UAE is first in the region and is ranked third globally, after China and India, for a fourth consecutive year, staying atop the Compatibility and Connectedness sub-indices in the Agility Emerging Markets Logistics Index. The country is also attributed the number one position for Quality of Infrastructure. The Compatibility sub-index is effectively a measure of ...

DUBAI / Emirates Business Dubai Business Women Council (DBWC) has marked the ‘Year of Zayed’ with the launch of a mentorship programme designed to honour the pioneering vision of Sheikh Zayed bin Sultan Al Nahyan, the Founding Father in the UAE, and facilitate the full participation of women across socio-economic life. As the UAE’s leading platform for the personal and ...

Bloomberg China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion) and giving investors a bigger chance to participate in the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian Feng Electronics Co., will buy Beijing Electric Vehicle Co., also ...

Bloomberg Singapore should remain open to adjusting levels of foreign workers while not threatening job and wage opportunities for native residents, Monetary Authority of Singapore Managing Director Ravi Menon said. “It is not about how many foreign workers industry wants or society can afford to have, but what number and kind of foreign workers we need to maximise the job ...

Bloomberg Sanofi SA agreed to buy Bioverativ Inc., a spinoff from biotech giant Biogen Inc., for about $11.6 billion in a bid by France’s biggest drugmaker to gain treatments for rare blood disorders. The deal values haemophilia drugmaker Bioverativ at $105 a share, according to a statement from Sanofi. Sanofi shares fell 2.6 percent to 71.05 euros at 9:18 am ...