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Bloomberg The UK government u-turned on campaign promises to disband the Serious Fraud Office (SFO), with the white-collar prosecutor remaining independent under the Conservative Party’s newest plans for tackling economic crime. The decision was expected to be announced on Monday by Home Secretary Amber Rudd, according to a statement from the Home Office. The National Crime Agency, which the government ...

Bloomberg The world’s largest container shipping line says international freight rates are reversing after climbing for most of this year, raising questions about the sustainability of the global trade recovery. Decade-old oversupply issues swamped demand for containerised sea trade in the third quarter, a senior official at Maersk Line Ltd. said. Over 90 percent of trade is routed through ships, ...

Abu Dhabi / Emirates Business The peak pre-Christmas travel period is fast approaching with many travellers making plans for trips home or on holiday. The combination of the festive season and schools breaking up for holidays means the period from December 12 to January 5 will be a particularly busy time at Abu Dhabi International Airport, with up to 1.25 ...

Dubai / WAM The UAE Cabinet reaffirmed on Sunday that the UAE will remain a firm supporter of the Arab identity of Jerusalem and of the legal status established by all international conventions as well as of the rights of the Palestinian people. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of UAE and Ruler of ...

Dubai / Emirates Business Emirates is spreading the festive joy with treats across all cabin classes this December. Customers travelling for the holidays will enjoy several Christmas specials both on the ground and on board from food to entertainment. Festive menus are back In addition to the regionally inspired cuisine served on board, Emirates is bringing back its Christmas menu ...

Dubai / WAM Global trade enabler, DP World, was recognised for its world leading business standards and practices, winning two awards at the Transport Arabia Excellence Awards 2017, held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group. DP World – UAE Region won the ...

Bloomberg The pace of China’s import growth is set to slow in 2018 after a boom this year. Inbound shipments will expand just 5 percent in 2018 after surging 14.9 percent this year, according to a Bloomberg survey of economists. Slower infrastructure investment, tighter monetary policy, weaker commodity inflation and high base effects are likely growth drags. That’s unwelcome news ...

Bloomberg China found some local governments inflated revenue levels and raised debt illegally in a nationwide audit, a setback for Beijing in its bid to boost the credibility of economic data after a run of scandals. Ten cities, counties or districts in the Yunnan, Hunan and Jilin provinces, as well as the southwestern city of Chongqing, inflated fiscal revenues by ...

Bloomberg UK business chiefs called for a swift and comprehensive trade agreement with the European Union as Brexit negotiations moved on to shaping the country’s future relationship with the bloc, with just 15 months remaining before Britain is due to leave. A long-awaited breakthrough on issues including a financial settlement clears the way for talks on a trade pact between ...

Bloomberg Apple Inc. is close to acquiring Shazam Entertainment Ltd., the startup whose music recognition app is already built into Apple’s Siri virtual assistant, according to a person familiar with the discussions. A deal for the London-based app maker could be announced as soon as Monday, said the person, who declined to be identified because the details are not yet ...