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‘UK must stay in customs union with EU’

Bloomberg The UK should ensure it stays in a close and comprehensive customs agreement with the European Union, providing tariff-free trade in all goods after Brexit, according to the leader of a major business group. Remaining in a customs union with the EU will be far more valuable than striking trade deals elsewhere, Carolyn Fairbairn, director general of the Confederation ...

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Italy vote: Facebook ups the ante on fake news

Bloomberg Facebook Inc. is intensifying scrutiny of its pages to root out bogus news reports and other attempts to interfere with Italy’s general election in March, according to people familiar with the matter. The US company will allocate more resources to ensure users comply with its guidelines during the election campaign, two people said, asking not to be named because ...

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Trump marks year one with federal government shutdown drama

Bloomberg Donald Trump woke up on the anniversary of his inauguration with the federal government shuttered, a development that seemed almost predictable after a year of tumult in Washington. “This is the One Year Anniversary of my Presidency and the Democrats wanted to give me a nice present,” the president said on Twitter early on January 20. He said in ...

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Shutdown shadows Pence in Cairo during rescheduled trip

Bloomberg Mike Pence arrived in the Middle East, leaving his boss to fight Democrats over a federal government shutdown while he makes good on a three-country visit aimed at consolidating US partnerships in the region. The vice president was still crossing the Atlantic Ocean on Air Force Two when the shutdown started. He quickly punched out a statement of disapproval ...

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UAE, Italy keen to enhance bilateral ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday received Angelino Alfano, Italian Minister of Foreign Affairs, who is currently on a visit to the country to attend the third round of the UAE-Italy Strategic Dialogue, to be held in Abu ...

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UAE doctors launch ‘Zayed Mobile Clinic’

Dubai / WAM The UAE doctors have launched ‘Zayed Mobile Clinic’ to provide best diagnostic, therapeutic and prevention services in different emirates to low income people from different nationalities, in accordance with the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan in marking 2018 as the ‘Year of Zayed’. The clinic operates in collaboration with the Zayed ...

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UAE ranks first globally in accredited health facilities

DUBAI / WAM The UAE, with its more than 213 health facilities, has been ranked number one in the number of internationally accredited facilities by the Joint Commission International (JCI), once again highlighting its series of achievements and indices geared towards accomplishing the aspirations of the UAE Vision 2021 in order to strengthen its position on the global competitiveness map ...

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RTA to open AED67mn cycle tracks next month

Dubai / WAM The Roads and Transport Authority (RTA), is gearing up for the opening of cycle tracks stretching 32 km in Mushrif, Mirdif and Al Khawaneej early next month. The project includes the construction of two bridges for the combined use of cyclists and pedestrians over Al Khawaneej and Academic City Streets. The project cost amounts to AED67 million. ...

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India cuts GST levies, simplifies rules ahead of federal budget

Bloomberg India slashed tax rates on some goods and services just days ahead of the country’s budget, as it continues to rationalise its six-month-old regime to ease the pain for businesses hit by its chaotic roll out. A panel of federal and state finance ministers decided to revise GST rates on 29 goods and 53 services, Finance Minister Arun Jaitley ...

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Chinese EV startup Byton seeks $400mn

Bloomberg Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to potential investors to gauge their interest, according ...

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