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Abu Dhabi / Emirates Business Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, will work with the Massachusetts Institute of Technology on six new practical research projects at EGA later this year. MIT is the leading research university in the United States. The new projects extend EGA’s partnership with MIT’s David H. ...

­­­­­­­­­­­Bloomberg UK Brexit Secretary David Davis dismissed as “nonsense” published reports that Prime Minister Theresa May is set to approve paying as much as $64.8 billion to leave the European Union. May is ready to agree to the total in a bid to kickstart trade talks, but won’t disclose details until after the Conservative Party conference in October, The Sunday ...

Bloomberg Alphabet Inc. is forming a new holding company designed to finalise its evolution from Google, the web search giant, into a corporate parent with distinct arms that protects individual businesses in far-flung fields like health care and self-driving cars. The new entity, called XXVI Holdings Inc., will own the equity of each Alphabet company, including Google. The new structure ...

Bloomberg Fiat Chrysler Automobiles NV will push ahead with separating the parts business, while the carmaker doesn’t have any big deal on the table and hasn’t received any approach for a combination. “There are some activities at the component businesses which don’t belong to the car business and the group must be purified from those assets,” Chief Executive Officer Sergio ...

Bloomberg Honda Motor Co. agreed to pay $484 million to settle economic-loss claims tied to Takata Corp. air bag recalls, bringing total settlements over the faulty safety devices to more than $1 billion. The agreement will provide for faster replacement of recalled air bags and reimburse customers for out-of-pocket costs. The Honda deal follows a $533 million settlement with four ...

Bloomberg Asian buyers of liquefied petroleum gas are already paying for disruptions half a world away in Texas as record rainfall halted shipments of propane and butane from ports that handle more than 90 percent of US exports to the region. Marine export terminals operated by Enterprise Products Partners LP, Targa Resources Inc. and Phillips 66, all suppliers of the ...

Bloomberg North Korea said it successfully tested a hydrogen bomb with “unprecedentedly big power” on Sunday that can be loaded onto an intercontinental ballistic missile, in its first nuclear test under US President Donald Trump’s watch. The test, ordered by Kim Jong Un, was a “perfect success” and confirmed the precision and technology of the bomb, according to the Korean ...

DUBAI / WAM Abu Dhabi achieved a 4% uplift in hotel guests last month, compared to July 2016, with almost 400,000 guests pushing the cumulative total for the first seven months of the year to over 2.6 million, maintaining a growth of 7% on the year, according to figures released by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi). ...

DUBAI / WAM Hussain bin Ibrahim Al Hammadi, Minister of Education, stressed that the Emirati schools have become more established, developed and up-to-date with the best international systems. He added that the ministry has conducted a series of continuous improvement programmes, as part of their development efforts to adopt the best educational standards and practices in the country’s education system, ...

Bloomberg The UK wants to squeeze in more hours of Brexit negotiation as an October deadline to secure a breakthrough with the European Union looks increasingly unattainable. There are only two more rounds penciled in before an EU summit that will decide if talks can move to trade. But time is not on the side of PM Theresa May, and ...