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  Bloomberg America’s working class is falling further behind. The rich-poor gap — the difference in annual income between households in the top 20 percent and those in the bottom 20 percent — ballooned by $29,200 to $189,600 between 2010 and 2015, based on Bloomberg calculations using US Census Bureau data. Computers and robots are taking over many types of ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Tuesday honoured the winners of the 20th edition of the Dubai Government Excellence Programme, DGEP. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and HH Sheikh Maktoum ...

  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, praised the citizens of the UAE for supporting charitable and humanitarian projects and contributing to the community. The citizens of the UAE have proved their loyalty in performing national duties, their sense of responsibility ...

  Sharjah / Emirates Business Coming on the heels of its successful inaugural accelerator showcase day, Sheraa – a launch pad for aspiring entrepreneurs in the UAE – is making swift progress to expand the portfolio of industries tapped by its growing community of budding entrepreneurs. The latest addition comes in the form of a collaboration with Air Arabia, the ...

  SHARJAH / WAM Sharjah Airport Authority will highlight the airport’s latest achievements, expansion plans and services during its participation in the Arabian Travel Market Exhibition (ATM 2017) taking place in the Dubai World Trade Centre until April 27. The Arabian Travel Market is the global meeting place for the travel trade. Sharjah Airport Authority will be participating under the umbrella ...

  Bloomberg JSW Steel Ltd. became India’s largest steelmaker this year as production surged. It wants to get bigger still, much bigger. The Mumbai-based company plans two plants of 10 million metric tons each in the resource-rich states of Odisha and Jharkhand, part of a drive to more than double in size to 40 million tons by 2030, according to ...

  Bloomberg Consumer confidence in South Korea rose by the most since 2013 as data suggested the economy is recovering and the nation began to move on from the impeachment of the president. The Bank of Korea’s monthly consumer sentiment index rose to 101.2 in April from 96.7 the previous month, indicating rising optimism, data released on Tuesday show. The ...

  Bloomberg China has provided the clearest indication to date that it plans to lift the cap on how much foreign carmakers can own of their local joint ventures, putting pressure on Chinese carmakers to speed up the building of their own brands. In a joint release on Tuesday, the National Development and Reform Commission together with the science and ...

  Bloomberg Indian billionaire Kumar Mangalam Birla is exploring entry into the production of carbon fiber, a high-strength and light-weight composite material expected to be a $4.7 billion global business by 2022, according to a person familiar with his thinking. The Aditya Birla Group, the $40 billion mining-to-mobile phone carrier conglomerate, may buy the technology to manufacture carbon fiber at ...

  Bloomberg US President Donald Trump intensified a trade dispute with Canada, slapping tariffs of up to 24 percent on imported softwood lumber in a move that drew swift criticism from the Canadian government, which vowed to sue if needed. Trump announced the new tariff at a White House gathering of conservative journalists, shortly before the Commerce Department said it ...