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  Bloomberg Toyota Motor Corp. plans to upgrade its UK carmaking plant in a sign that concerns about Brexit won’t derail its investments in the country for now. The world’s second-biggest auto manufacturer will spend 240 million pounds ($294 million) to update equipment and technology at a factory in Burnaston, England to allow the production of models on its latest ...

  ABU DHABI / WAM Residents of the United Arab Emirates have a resoundingly positive view of the country they live in and of the future, in stark contrast to views from other countries around the world. According to Brunswick Insight’s global research, an overwhelming sense of well-being and security, trust in the capacity of business for doing good, and ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, officially launched the groundbreaking of the new Meydan One Mall development. During an evening ceremony attended by VIP guests and regional and international retailers, His Highness Sheikh Mohammed led the delegation at the development site and broke ...

  DUBAI / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Wednesday announced the findings of the Free Zones Outlook Report, developed in collaboration with Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. The report, launched at a joint press conference ...

  Bloomberg It seems the only way to stop Indians from buying more gold is to take their money away. Prime Minister Narendra Modi’s government spent 16 months trying to persuade Indians to deposit their jewelry in the bank to earn interest, in an effort to curb soaring imports of the precious metal. But the program has only lured a ...

  Bloomberg Sembcorp Industries Ltd. said recurring payment delays by Indian electricity retailers are piling on costs to operators and are bad for the renewable power business it wants to build. Payment delays risk “affecting development of the sector,” Sembcorp India Chief Executive Officer Vipul Tuli said in an interview in New Delhi. The local unit of the Singaporean conglomerate, ...

  Bloomberg A new estimate showing that 14 million Americans could lose health coverage by next year under the GOP Obamacare-replacement plan leaves House Republicans in a bind with its dire picture of the bill’s effects heading into the 2018 congressional elections. Even as the Trump administration challenged the estimate from the Congressional Budget Office, several Senate Republicans said the ...

  Bloomberg UK Chancellor of the Exchequer Philip Hammond scrapped a plan to increase tax on the self-employed, after a storm of criticism from legislators in his own ruling Conservative Party. Hammond was accused of breaking a manifesto pledge not to hike national insurance contributions, made by the Tories before they won the 2015 election, when he announced the proposal ...

  Bloomberg After a decade-long hibernation following the dot-com crash, Canada’s Tucows Ltd. is roaring back to life with an acquisition and a deepening effort to win over disgruntled US mobile phone customers. The Toronto-based internet services provider is the largest re-seller and manager of domain names after Scottsdale, Arizona-based GoDaddy Inc. Its customers are firms like Squarespace Inc. and ...

  Bloomberg Volkswagen AG’s Audi brand was raided by German prosecutors as investigations into the manipulation of diesel engines continue to weigh on the automaker more than a year after revelations of emissions cheating. More than 100 police took part in searches Wednesday at the company’s main sites in Ingolstadt and Neckarsulm as well as seven other locations across Germany. ...