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Bloomberg Mitsubishi UFJ Financial Group Inc’s securities joint venture with Morgan Stanley is cutting equities staff in Tokyo, including several managers, people with knowledge of the matter said. Managers Yasutaka Takedomi and Toru Kaneda are among five to 10 employees in the sales trading team who are leaving Mitsubishi UFJ Morgan Stanley Securities Co, the people said, asking not to ...

Bloomberg Singapore enhanced its pledge to reduce the amount of greenhouse gases it emits, saying it now aims to halve emissions from an expected peak in 2030 within the following two decades. The Southeast Asian city-state expects the emissions ceiling to be 65 million tons of carbon dioxide around 2030, Senior Minister Teo Chee Hean said in Parliament. That will ...

Bloomberg The economic bounce from Boris Johnson’s Brexit breakthrough could be cut short as the coronavirus casts a pall on the nascent recovery. While there have been signs of a rebound in investment, retail sales and even house prices, Britain is an open economy that’s particularly susceptible to global events. The virus is already having an impact on the UK, ...

Bloomberg French Europe Minister Amelie de Montchalin fired a series of warnings at Boris Johnson over the next stage of Brexit talks, saying the UK’s threat to leave the European Union without a trade deal was “for the birds.” Speaking in London a day after Johnson published his proposals for a free trade deal with the EU, de Montchalin rejected ...

Bloomberg Apple Inc Chief Executive Officer Tim Cook suggested the iPhone maker wouldn’t make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a “temporary condition.” “We’re talking about adjusting some knobs, not some sort of wholesale, fundamental change,” he said in an interview aired on Fox Business. Apple’s China-focused supply ...

Bloomberg Brazil’s government is likely to cut its 2.4% growth forecast for the economy in 2020 to take into account the impact of the coronavirus in slowing global activity, a person familiar with the matter said. A lower-than-expected gross domestic product expansion would lead to reduced inflationary pressure, which may open some space for the central bank to cut the ...

Bloomberg Uber Technologies Inc drivers and takeout delivery workers have a new champion in European Union’s (EU) antitrust chief, who wants to help them fight for better pay and conditions. In an interview with Bloomberg, Margrethe Vestager says she’s looking at ways to help “people who work in a weak negotiating position” amid concerns about the plight of workers in ...

Bloomberg Google cancelled a major internal gathering over concerns about the spread of coronavirus, the latest in a wave of events and conferences being called off around the world. The internet giant’s sales and marketing event was set to take place in Las Vegas in March, a Google spokesman said. “In light of the evolving coronavirus situation we made the ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that data is a key pillar in the strategy to realise the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform the emirate ...

ABU DHABI / WAM As 2020 unfolds, the positive dynamic in January and February is auguring well for the UAE, with new gas finds and a series of mega developmental projects, announced over the past few months, giving multiple shots in the arm for the country’s economy, according to international economists. Several indicators, supported by specialist international reports, show the ...