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  Bloomberg The European Union signaled Prime Minister Theresa May must first strike a deal for the UK’s post-Brexit trade ties with the bloc or lose out on a transitional phase that banks and businesses want. As both sides prepare to face off in the new year, Michel Barnier, the EU’s chief negotiator, told reporters in Brussels on Tuesday that ...

  Copenhagen / AFP Danish toy maker Lego announced a management shake-up to develop the brand beyond its iconic plastic bricks under the leadership of its veteran chief who brought the company back from the brink of bankruptcy. Chief executive Jorgen Vig Knudstorp took over Lego when it was on verge of collapse in 2004 and transformed it into one ...

  Seoul / AFP South Korea’s most powerful tycoons, including de facto Samsung chief Lee Jae-Yong, stammered and squirmed on Tuesday under a verbal assault from a parliamentary committee probing a corruption scandal that has riveted the nation. Millions watched in astonishment as the televised hearing showed the heads of the country’s eight largest conglomerates being publicly chastised over donations ...

  Bloomberg Cyrus Mistry, the ousted chairman of Tata Group, accused its biggest shareholders of eroding governance at India’s largest business empire and portrayed himself as a defender of independent decision-making in a letter to investors in Tata companies. The conglomerate refuted his allegations. Mistry made his appeal on Monday before a series of extraordinary general meetings from Dec. 13 ...

  Abu Dhabi / WAM The UAE’s history, folklore, customs and cuisine is on display at the Sheikh Zayed Heritage Festival 2016. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, took a tour on Sunday of the festival, being staged in Abu Dhabi. The theme of the festival is “The UAE as ...

  Dubai / WAM A first-of-its-kind national survey was launched on Sunday by the Government of the UAE to measure happiness and positivity across the country, identify priorities and sources of happiness for society, as well as create a database of the results to help local and federal government entities to develop legislation, policies, plans and services to achieve happiness for ...

  Abu Dhabi / Emirates Business Now in its seventh year, SIAL, the regions fastest-growing professional trade exhibition for the food, drink and hospitality industries, held under the patronage of HH Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister of the UAE, Minister of Presidential Affairs and Chairman of Abu Dhabi Food Control Authority, will open today at the ...

  Dubai / Emirates Business Dubai Festival City (DFC), an Al Futtaim group development, has announced a first-of-its-kind attraction set to open in a matter of weeks. The innovative and spectacular multimedia show located within the unforgettable stage of Festival Bay, will bring together elements such as light, water and fire to dramatic effect. With the final stages of development ...

  Bloomberg Foreign Secretary Boris Johnson exposed fresh divisions in the UK government by declining to endorse a new proposal that Britain should consider paying the European Union for continued access to its markets after Brexit. In a series of television interviews on Sunday, Johnson steered clear of echoing Brexit Secretary David Davis and Chancellor of the Exchequer Philip Hammond, ...

  Bloomberg US regulators are calling out AT&T and Verizon for exempting their own video apps from data caps on customers’ cellphones. This may not result in any changes in how the wireless carriers operate, however, as agency leaders appointed by Donald Trump, the incoming president, are expected to look more favorably on such practices. The Federal Communications Commission sent ...