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  Bloomberg UK consumers, touted by Mark Carney as a key to the economy’s performance, may find the squeeze on their pockets gets a little tighter this week. While inflation’s upward momentum probably paused in March, another weakening in wage growth means pay isn’t keeping pace with price increases. That’s all going to feed into household spending habits in 2017. ...

  Bloomberg Morgan Stanley President Colm Kelleher, who runs the firm’s investment bank and retail brokerage, received $19.5 million for his work last year, a 27 percent increase. Kelleher, 59, was paid $1.67 million in salary, $6.88 million in deferred cash and $2.4 million in deferred stock, the New York-based bank said in a regulatory filing. He also got a ...

  London / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah,and his wife, Sheikha Jawaher bint Mohammed Al Qasimi, Founder and Royal Patron of the Friends of Cancer Patients (FoCP), inaugurated the ‘Sharjah Laboratory’ at the Francis Crick Institute in London. The Sharjah Lab is part of the Francis Crick Institute, the ...

  Abu Dhabi / WAM Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the United Arab Emirates is determined to step up its humanitarian initiatives to help the displaced people and refugees around the world, said HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent ...

  Abu Dhabi / Emirates Business Bloom Properties, a Bloom Holding subsidiary dedicated to developing sustainable and integrated urban communities, announced the leasing of 225 exclusive upscale residential apartments in Bloom Marina, the premium waterfront destination located in Abu Dhabi’s Marina Al Bateen area. Bloom Residences consists two residential buildings adjacent to future EDITION Hotel, with expansive marina and city ...

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is attending Saudi Arabia’s largest travel trade event in Riyadh ahead of a promotional tour to boost inbound visitor numbers, in a move to strengthen existing cooperation with the Kingdom of Saudi Arabia. TCA Abu Dhabi, which is a strategic partner of the Riyadh Travel ...

  Bloomberg A Republican proposal to undo Obama-era net neutrality rules would hand responsibility to prevent abuses by internet service providers to an agency that critics say lacks adequate power. US Federal Communications Commission Chairman Ajit Pai is said to be planning a proposal to strip his agency of strong authority over broadband and let the Federal Trade Commission police ...

  Bloomberg UK manufacturing and construction unexpectedly shrank in February, adding to signs that the economy lost momentum in the first quarter. Factory output fell 0.1 percent from January, the Office for National Statistics said. Total industrial production declined 0.7 percent as unseasonably warm weather reduced demand for energy. Construction dropped 1.7 percent, the most in almost a year. While ...

  Bloomberg The prospect of a trade war between China and the US elicits frequent warnings of the risk to the global economy. India sees it somewhat differently. Senior officials in Prime Minister Narendra Modi’s party say India stands to benefit from the tensions. President Xi Jinping will need India’s huge market as President Donald Trump threatens punitive measures against ...

  Bloomberg Toshiba Corp. has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai Precision Industry Co. and Korea’s SK Hynix Inc., according to people familiar with the matter. The other remaining contenders include private equity firm Silver Lake Management and chipmaker Broadcom, which are collaborating ...