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US mall owners to reclaim retail wasteland with public money

Bloomberg At the Brookfield Square mall in Wisconsin, the landlord, CBL & Associates Properties Inc., needed a new occupant for a fading Sears. CBL had been tinkering with the mix for the past few years. Earlier, in 2008, it completed a 20,000-square-foot expansion, adding grocery stores and restaurants and renovating the interior. In the end, it found its tenant: the ...

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Suppliers rally on strong iPhone X demand

Bloomberg Apple Inc.’s biggest suppliers from Taiwan Semiconductor Manufacturing Co. to Hon Hai Precision Industry Co. climbed on Monday after delivery times for the iPhone X stretched to as much as six weeks in the US, underscoring demand for the marquee smartphone. Shares in Hon Hai, the main assembler of Apple devices, climbed as much as 3.6 percent in Taipei. ...

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Facebook stumbles with early effort to stamp out fake news

Bloomberg Facebook Inc.’s strategy to stamp out fake news is struggling. The company outsources the process to third-party fact checkers who can only tackle a small fraction of the bogus news that floods the social network, according to interviews with people involved in the process. And screenshots obtained by Bloomberg reveal a process that some partners say is too cumbersome ...

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In a fresh diplomacy drive, UK targets Europe’s Brexit skeptics

Bloomberg Theresa May’s government will step up its diplomatic efforts to win over skeptical European leaders as part of the UK’s drive to push stalled Brexit talks forward from discussing divorce to the future of trade. Brexit Secretary David Davis plans meetings in London and various EU capitals with senior officials from Germany and elsewhere, amid concerns that some member ...

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International road congress, exhibition kicks off in Dubai

Dubai / WAM Under the patronage of Crown Prince of Dubai and Chairman of Dubai Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group His Highness Sheikh Ahmed bin Saeed Al Maktoum inaugurated the first International Road Federation (IRF) Middle East ...

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Emirates to operate one-off A380 to Bahrain

DUBAI / Emirates Business Emirates will operate a special one-off A380 service to Bahrain on December 15, one day ahead of the country’s 46th National Day celebrations. On December 15, the Emirates A380 service will operate as EK 835 and EK 836, departing Dubai at 0055hrs and arriving in Bahrain at 0110hrs. The flight will then depart Bahrain at 0350hrs ...

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Abu Dhabi tourism promotes emirate in Indian states

Abu Dhabi / Emirates Business A new initiative to increase inbound tourism numbers from India to Abu Dhabi has been launched in India, with the Department of Culture and Tourism – Abu Dhabi spearheading a delegation of partners and stakeholders to a new multi-city promotional event in Mumbai and New Delhi. The ‘Abu Dhabi Week in India’ event, which took ...

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Boom for Nippon Steel on China clean air push

Bloomberg China’s push for better air quality is proving a bonanza for global steelmakers. Nippon Steel & Sumitomo Metal Corp., Japan’s biggest producer, enjoyed a nine-fold surge in first-half profit as China’s crackdown on pollution and bloated industrial capacity lifted prices to the highest level in more than five years. Posco, the largest Korean mill, said it expected to reap ...

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Nissan inspection affair reflects a cultural crisis

Bloomberg Nissan Motor Co. conducted vehicle inspections that don’t comply with Japanese regulations for almost four decades, raising questions about the company’s internal controls. The company’s manufacturing division likely will take responsibility for the process, according to a person familiar with the situation who asked not to be identified because the information isn’t public. The regimen, which the government deemed ...

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