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Bloomberg UK consumers will face higher prices on goods coming from the European Union (EU) after Brexit, whether Boris Johnson signs a free trade agreement with the bloc or not, according to a major business group. Products imported from the EU after January 1 2021 will require customs declarations, which cost between 16 pounds ($21) and 56 pounds per product ...

Bloomberg General Motors Co will leave Australia, New Zealand and Thailand by year-end as it exits poor-performing markets and focuses on new technologies such as self-driving cars and electric vehicles. The largest US automaker will take $1.1 billion in charges mostly in the first quarter, of which $300 million is cash, to cover the costs of leaving those markets, it ...

Bloomberg China might have data and the US might have money, but Europe has purpose. That’s the message European Union tech czar Margrethe Vestager aims to convey on Wednesday when she unveils plans to help the bloc compete with the US and China’s technological might on its own terms, conforming with fundamental EU rights including strict privacy and non-discrimination rules. ...

Bloomberg Vodacom Group Ltd sees its African financial-services business as a cornerstone of growth as the wireless carrier expands into products such as funeral insurance and loans of as little as $2. The unit of the UK’s Vodafone Group Plc uses artificial intelligence and machine learning to customise its financial offering depending on the different needs of markets ranging from ...

Bloomberg Elon Musk’s first electric car plant in Europe is facing legal delays that could set the project back by several months after a court halted work on clearing a forest for the new Tesla Inc factory near Berlin while it considers a challenge by environmentalists. The Berlin-Brandenburg higher administrative court issued a temporary injunction against further logging, overturning a ...

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, hosted an event for frequent flyers and key trade, government and media partners as part of its ongoing activities to celebrate 15-years of flying to India. The airline began operations in India in September 2004 and it has grown to become its second largest market after ...

DUBAI / Emirates Business Saudi German Hospital Group UAE (SGH) is first hospital in UAE and Middle East to award its patients for their talent at SGH Talent. In the grand finale Vaidehi Rastogi and Aashi Chadurvedi both became winners, Lola Martines and Samar Kandil awarded first and second runner up respectively. This is the initiative of SGH UAE providing ...

Abu Dhabi/ WAM The Abu Dhabi Power Corporation (ADPower), and Japan-based Marubeni Corporation, on Sunday announced the formation of a consortium to develop the Fujairah F3 independent power producer (IPP) project, which will be the largest independent thermal power plant to be operated in the UAE. To mark the occasion, a ceremony was held at the headquarters of the Emirates Water ...

DUBAI / WAM As the UK reshapes its future trade policy during the post-Brexit transition period, the UAE – UK’s largest export market in the Middle East and the 13th biggest globally – has become one of its first trade allies to reaffirm its commitment in trade relations. This commitment was signified by a meeting between Etihad Credit Insurance (ECI), ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended the opening session of Global Women’s Forum Dubai (GWFD 2020), which kicked-off on Sunday in the emirate. He was accompanied at the event by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of ...