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Bloomberg The UK government has a message for British sheep farmers worried about the impact of a no-deal Brexit: Look East. “I would point to the market in Japan, that has just been opened to Welsh and British sheep,” Welsh Secretary Alun Cairns told BBC Radio. “That is a significant market for which we haven’t really scratched the surface yet.” ...

Bloomberg When Apple Inc launches a new iPhone, that usually means rising revenue. Chances are that won’t happen this year. Apple was expected to report fiscal third-quarter results on Tuesday, but all eyes will be on its forecast for the fiscal fourth quarter. That’s when the Cupertino, California-based technology giant is expected to release new versions of its flagship handset. ...

Bloomberg Uber Technologies Inc said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down. The ride-hailing company will dismiss about 400 employees. Dara Khosrowshahi, the CEO, told employees of the changes in an email. “Today, there’s a general sense that while we’ve grown fast, we’ve slowed down,” ...

Bloomberg More than half of the Trump administration’s trade war aid for farmers went to just a 1/10 of the recipients in the program, according to analysis of payments by an environmental organisation. Eighty-two farming operations received more than $500,000 in payments through April under the US Agriculture Department’s Market Facilitation Program, according to the Environmental Working Group, which analysed ...

Bloomberg New York state is opening an investigation into a data breach at Capital One Financial Corp that involves the personal information of 100 million consumers. The breach allowed for illegal access to names, Social Security numbers, dates of birth, addresses and other highly sensitive personal information, New York Attorney General Letitia James said in a statement.

Bloomberg Surescripts, a company that enables electronic prescribing of drugs, terminated its contract with a vendor that it says improperly requested access to patients’ medication histories to give to Amazon.com’s PillPack subsidiary. Surescripts, which is partially owned by two of the largest pharmacy-benefit managers, said in a statement it has alerted the FBI and stopped its vendor, ReMy Health, from ...

ABU DHABI / AGENCIES Abu Dhabi’s Mubadala Investment Company on Monday released its full-year 2018 annual review showcasing operational performance and significant scale across sectors with strong growth potential. Despite global macroeconomic turbulence in the fourth quarter of the year, the group delivered stable financial results, with total comprehensive income at AED12.5 billion. In line with Mubadala’s strategy to diversify ...

Abu Dhabi / WAM The balance of the UAE Central Bank’s deposit certificates rose to record levels during the first half of 2019, reaching around AED155.8 billion at the end of June, according to statistics issued by the bank highlighting its policy of withdrawing surplus liquidity. The value of surplus liquidity withdrawn in June amounted to around AED8.8 billion. The ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) announced signing of a mutual entry visa exemption agreement between UAE and Equatorial Guinea, which come into force from July 28. The agreement stipulates that UAE citizens may travel to Equatorial Guinea and stay up to 90 days without requiring pre-entry visa. It also stipulates that holders ...

Bloomberg China has tapped Saudi Arabia for a record volume of crude as the world’s biggest exporter plugs a shortage from sanctions-hit Iran. Asia’s biggest buyer shipped 7.72 million metric tonnes of crude, or 1.89 million barrels a day, from Saudi Arabia last month, according to data from China’s General Administration of Customs. Shipments from the Opec producer made up ...