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Bloomberg A picture of inflation-squeezed consumers and Brexit-wary companies emerged in the UK’s latest overview of its economy. Annual growth in the third quarter slowed to 1.7 percent, slightly higher than previously estimated but still the weakest pace in 4 1/2 years, the Office for National Statistics (ONS) said. The economy expanded an unrevised 0.4 percent from the second quarter, ...

Bloomberg For millions of Americans suffering from debilitating nerve pain, a once-overlooked option has emerged as an alternative to high doses of opioids: implanted medical devices using electricity to counteract pain signals the same way noise-cancelling headphones work against sound. The approach, called neuromodulation, has been a godsend for Linda Landy, who was a 42-year-old runner when a foot surgery ...

Bloomberg President Vladimir Putin is using the threat of additional US sanctions to encourage wealthy Russians to repatriate some of their overseas assets, which exceed $1 trillion by one estimate. Putin told lawmakers that a new capital amnesty program was needed “given the foreign restrictions, which instead of lessening are now worsening,” according to a transcript posted on the Kremlin’s ...

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 Monday received a delegation from Senaat General Holding Corporation and its Group of Companies, and was briefed on the milestones achieved by Senaat over the past period despite the headwinds besetting international markets. ...

Abu Dhabi / Emirates Business The Emirates Nuclear Energy Corporation (ENEC), sponsored and partnered with the Al Dhafra Festival, taking place in Madinat Zayed, in the Al Dhafra Region of Abu Dhabi, until December 28. The initiative is part of ENEC’s continued efforts to support the economic and social development of the Al Dhafra Region and the achievement of the ...

ABU DHABI / WAM The opening of Louvre Abu Dhabi on Saadiyat Island and the hosting of the Formula 1 Etihad Airways Abu Dhabi Grand Prix contributed to a dramatic surge in hotel guests staying in the emirate during November. The month saw a 16% rise in guests staying in the emirate’s 162 hotels and hotel apartments compared to the ...

ABU DHABI / Emirates Business The National Health Insurance Company – Daman will begin replacing cash payments with the e-Dirham service across all its branches and service points from January 2018. The move comes after six months of thorough testing and is part of Daman’s efforts to digitalise services and simplify customer transactions, making their experiences more efficient, secure and ...

Bloomberg China can achieve a goal of doubling the size of its economy by 2020 even if annual expansion slows to 6.3 percent, according to a senior Communist Party official, signalling a greater willingness to tackle debt and pollution at the expense of growth. In its blueprint for 2016 to 2020, China set a minimum annual growth target of 6.5 ...

Bloomberg Shanghai will replace Paris in the top five of global city economies by 2035 in a sign the balance of the world’s economy is shifting east, according to an Oxford Economics study. The top 780 cities in the world, which already produce almost 60 percent of global activity, will add almost half a billion more people and $32 trillion ...

Bloomberg Just as most people are packing up for the holidays, dealmakers across the world are rushing to finish up a slew of transactions in industries ranging from consumer to telecom to health care. Companies have announced about $361 billion of mergers and acquisitions this month, making it the busiest December in at least 12 years, according to data compiled ...