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Bloomberg UK wages grew at the fastest pace in 11 years in the three months through May and unemployment remained at its lowest rate since the mid-1970s. Average earnings excluding bonuses rose 3.6 percent, the Office for National Statistics said on Tuesday. The number of people in work rose 28,000 to a record high, leaving the jobless rate at a ...

Bloomberg Jaguar Land Rover Automotive Plc won a 500 million-pound ($626 million) loan guarantee from the UK government, just over a week after announcing a new range of electrified cars will be made at a plant in central England. The guarantee to JLR by the UK Export Finance agency was granted to support the design, manufacture and export of electric ...

Bloomberg Nissan Motor Co unveiled a new version of its Skyline sports sedan, adding the carmaker’s most advanced autonomous driving technology, as well as design elements shared with models like the GT-R sports coupe. The automobile, Nissan’s first major product debut in Japan since the arrest and ouster of former Chairman Carlos Ghosn, will let drivers take their hands off ...

Bloomberg A group of lenders led by State Bank of India has filed a case in the nation’s Supreme Court seeking to annul a ruling that gives almost equal rights over the country’s largest distressed steel mill’s obligations to lenders and its 1,936 vendors. Earlier this month an Indian bankruptcy court, that allowed ArcelorMittal’s $6 billion purchase of Essar Steel ...

Bloomberg China Merchants Shekou Industrial Zone Holdings Co is planning an initial public offering of a real estate investment trust in Hong Kong, the city’s first REIT listing in five years, according to people with knowledge of the matter. The company has engaged potential advisers for the share sale and aims for a listing as soon as this year, the ...

Bloomberg Japan doesn’t see a quick resumption of talks with South Korea on export restrictions for materials vital to its tech sector, as a deadline approaches for Tokyo to step up curbs on its neighbour. Economy Minister Hiroshige Seko told reporters that export controls were not a matter for international organisations. His comments came the day after South Korean President ...

Bloomberg The retailer Muji became one of Japan’s most recognisable brands by selling simple, practical items that it hopes will last for decades. It turns out, though, that “less is more” has its limits as a business strategy. After a decade of expansion that brought its minimalist emporia of modular shelving, sturdy kitchen gear and earth-tone fashions to cities from ...

Bloomberg Oil traded close to $60 a barrel after a tropical storm shut almost three-fourths of US Gulf of Mexico crude production amid lingering concerns about demand growth. Futures were little changed on Monday in New York after advancing almost 5 percent last week. About 73 percent of Gulf crude output was offline after explorers evacuated platforms and rigs ahead ...

ABU DHABI / WAM Dubai Customs announced the launch of its new e-statistics system, which has been developed in-house to keep abreast with the technological advancements in the UAE towards embracing the Fourth Industrial Revolution. Ahmed Mahboob Musabih, Director-General of Dubai Customs, kicked off the e-statistics system, at a launch ceremony held at the Dubai Customs headquarters in the presence ...

Bloomberg Amlak Finance PJSC is nearing a deal to restructure debt for a second time, according to two people with knowledge of the plan. The company is asking creditors to reschedule repayments on $1.2 billion of loans over the originally agreed period that ends in 2026, said the people, asking not to be identified because the information is private. Most ...