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  Bloomberg China Petroleum & Chemical Corp. reported its first profit gain in three years as the world’s largest oil refiner got a boost from cheaper crude and took a one-time gain from pipeline sales. Net income in 2016 rose 44 percent to 46.7 billion yuan ($6.8 billion), the company known as Sinopec said in a statement to the Shanghai ...

  Bloomberg Chinese conglomerate HNA Group Co. agreed to buy a 25 percent stake in Old Mutual Plc’s U.S. asset management unit for about $446 million, adding to a $30 billion spending spree since last year. Old Mutual is selling down its holdings in OM Asset Management to HNA Group in two tranches, according to an emailed statement on Sunday ...

  Bloomberg California’s environmental regulator broke with the Trump administration by maintaining its cleaner- car standards through 2025 and launching a formal effort to write even tougher rules for the following five years. The California Air Resources Board voted unanimously to maintain the state’s 2025 limits on tailpipe greenhouse gas emissions and begin drafting stricter goals for zero-emission vehicle sales ...

  Bloomberg Uber Technologies Inc. is suspending its self-driving car program after one of its autonomous vehicles was involved in a high-impact crash in Tempe, Arizona, the latest incident for a company reeling from multiple crises. In a photo posted on Twitter, one of Uber’s Volvo self-driving SUVs is pictured on its side next to another car with dents and ...

  Bloomberg Finland’s need to rein in public spending could be a boon for the nation’s private health-care providers. The parliament this month started a debate on government plans to open up the country’s 8 billion-euro ($8.6 billion) basic health-care and welfare market to private competition by 2019. More freedom for patients to choose their doctor will lead to better ...

  Bloomberg Just as a four-year slump in Chinese demand for Swiss watches shows signs of ending, sales in the US, the next-largest market, have wilted. Swiss watchmakers have been caught off-guard as demand keeps sinking this year in the US, which is key for Rolex, LVMH’s TAG Heuer and Richemont’s Baume & Mercier. That’s raising concern that consumers there ...

  Dubai / WAM Khalaf Ahmad Al Habtoor, Founding Chairman, Al Habtoor Group, donated AED 10 million to Sandooq Al Watan, a National Fund for youth development. Sandooq Al Watan, is a community-driven initiative launched to help better prepare the nation’s children for the future. It aims to provide Emiratis with career advice from school to employment. It includes training programmes, ...

  Dubai / Emirates Business Sleek styling, adaptability and performance, 2-in-1 convertible laptops are bridging the gap between work and social experiences and are set to become a top seller at GITEX Shopper Spring Edition. Drawing an impressive line-up of retailers and brands from around the world, the retail extravaganza will again be a magnet for shoppers, technology enthusiasts and ...

  Dubai / Emirates Business Dulsco, a leading environment solutions provider in the UAE, has announced the commencement of construction work for its new 500,000 sq feet recycling facility at Dubai Industrial Park (DIP). The ground-breaking ceremony was held in the presence of Saud Abu Al-Shawareb, Chief Operating Officer, Dubai Industrial Park and other senior members from Dulsco. Scheduled for ...

  Dubai / WAM Fifteen inbound flights were diverted on Saturday from Dubai International Airport (DXB) and a number of outbound flights were delayed due to weather conditions, according to the Dubai’s airport operator. “Dubai Airports can confirm that normal operations at DXB have been disrupted as result of weather conditions persisting since last night. A total of 15 inbound flights ...