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Bloomberg UK Prime Minister Theresa May will set out her plan for how a proposed Brexit transition period will work, stoking a potential new row with the European Union as she tries to keep different factions inside the Conservative Party on her side. May was expected to address Parliament around 3.30 pm London time on Monday, saying that after March ...

Bloomberg Oracle Corp. agreed to buy Aconex Ltd., an Australian company that makes cloud-based collaboration software for construction projects, for $1.19 billion cash as it pushes deeper in to new markets to gain more customers. The deal values Aconex at A $7.80 per share. Aconex shares surged 44 percent to A$7.63 at 11:09 am in Sydney trading. Oracle has been ...

Bloomberg China’s top smartphone makers are ready to challenge Apple Inc. on its home turf after trouncing the iPhone maker in their own market. Huawei Technologies Co. and Xiaomi Corp. are in talks with US wireless operators about selling flagship smartphones to American consumers as soon as next year, according to people familiar with the matter. The handset makers are ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that ministerial work is a responsibility and serving as a minister is a national mission that requires dedication and hard work, in which the minister leads his or her team offering an exemplary model and a source of ...

Dubai / WAM Sultan Ahmed bin Sulayem, DP World Group Chairman, and CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC), on Sunday inaugurated TEKNO 2017 exhibition at the Dubai International Convention and Exhibition Centre (DICEC). Bin Sulayem toured the exhibition and also interacted with exhibitors to know more about their products, technologies and services on offer. “TEKNO ...

Abu Dhabi / Emirates Business A technical delegation from Abu Dhabi Fund for Development (ADFD) visited the Kingdom of Bahrain to review the progress of the development projects financed by the Fund in the country. The projects are being implemented as part of the AED9.19 billion grant provided by the UAE to Bahrain within the framework of the GCC development ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah has been named the GCC’s ‘Favourite Adventure Destination’ at the 2017 Condé Nast Traveller Middle East Readers’ Choice Awards – the region’s premier travel industry honours. The award recognises the major strides the emirate has taken to develop international-standard adventure and activity tourism offerings centred around Jebel Jais – the UAE’s ...

Bloomberg Chinese electric-car maker NIO has launched sales of its first vehicle three years after the company was founded, undercutting the price of a rival model from Tesla Inc. Chinese customers can buy the ES8 sports utility vehicle, with a range of 500 kilometres on a single charge, for 448,000 yuan ($67,783), the company said in Beijing. That compares with ...

Bloomberg Samsung Electronics Co. is said to be planning to debut its next flagship smartphone in February, presenting Apple Inc.’s iPhone X with a sooner-than-expected challenger. The South Korea-based technology giant plans to introduce the new models, the Galaxy S9 and Galaxy S9 Plus, as early as late February and release the devices as early as March, according to people ...

Bloomberg President Donald Trump predicted the US economy is “going to start to rock” when the Republican rewrite of the US tax code is complete after a six-week sprint. GOP lawmakers posted their sweeping, 503-page bill—with permanent tax cut for US corporations and temporary benefits for individuals—after gaining key votes from two Republican senators who’d threatened to oppose it. Now, ...