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Bloomberg If General Motors (GM) Co’s negotiations with the United Auto Workers (UAW) are any indication, Detroit’s automakers may not have a prayer in their effort to rein in rising healthcare costs. As GM was nearing the expiration of its labor contract with the union, the carmaker sought to have hourly workers pay 15 percent of their health-care costs, according ...

Bloomberg Apple Inc sought to rebut claims by the European Commission that Irish units at the centre of its fight to overturn a record $14.3 billion tax bill are nothing but phantoms. Judges weighing Apple’s legal challenge on day two of a hearing at the EU’s General Court homed in on the exact functioning of the Irish branches that allowed ...

Bloomberg Envista Holdings Corp, a dental products maker, raised $589 million after pricing its US initial public offering within the marketed range. The dental business of medical and industrial equipment manufacturer Danaher Corp sold 26.8 million shares for $22 apiece, according to data compiled by Bloomberg. The shares were offered at $21 to $24 each, according to a regulatory filing. ...

Bloomberg The Trump administration is optimistic about concluding a trade deal with Japan, which may be formally announced this month, said White House economic adviser Larry Kudlow. President Donald Trump and Japanese PM Shinzo Abe are scheduled to hold a one-on-one meeting on September 25 during the UN General Assembly in New York, Kudlow said. “There just might be an ...

Bloomberg Adobe Inc gave a revenue forecast for the current period that fell short of Wall Street estimates, signalling slower sales growth for its newer marketing products. Revenue will be about $2.97 billion in the period ending in November, the San Jose, California-based company said in a statement. Analysts projected $3.02 billion, according to data compiled by Bloomberg. Chief Executive ...

DUBAI / WAM The UAE Government Leaders Programme is inviting UAE nationals to register for its 2020 cohort across three categories – Executive Leaders Programme, Future Leaders Programme, and UAE Youth Leaders Programme. UAE citizens employed within local and federal government entities and eligible private sector companies can apply online via www.uaeglp.gov.ae until end of September. The program also accepts ...

Abu Dhabi / WAM Abu Dhabi’s trade in pearls, precious stones and metals totalled AED8.2 billion in the first half of 2019, highlighting the ongoing robust activity in this trade sector, which is the oldest in the UAE. According to figures issued by the Statistics Centre-Abu Dhabi (SCAD), the trade-in pearls, precious stones and metals accounted for 7.8% of Abu ...

DUBAI / WAM Emaar Properties said on Tuesday it has signed final terms related to the issuance of a AED 1.84 billion ($500 million) Trust Certificates. Emaar said in a statement published on Dubai Financial Market website that the issuance is part of its $2 billion Trust Certificate Issuance Programme. The announcement of the 10-year sukuk carry an annual return ...

Bloomberg Oil plunged more than 6% in London after Reuters reported Saudi Arabia is close to restoring 70% of the oil production lost after this weekend’s attack. Brent crude dropped as low as $64.48 per barrel on the report, which cited an unidentified Saudi source saying it would return to full production in the next two to three weeks. Saudi ...

VIENNA / WAM The United Arab Emirates is taking part in the annual week-long General Conference of the International Atomic Energy Agency (IAEA), at the organisation’s headquarters in Vienna, Austria. The UAE delegation, led by Hamad Al Kaabi, UAE Permanent Representative to IAEA, includes various national stakeholders in the nuclear industry such as the UAE’s Federal Authority for Nuclear Regulation ...