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Bloomberg A leading US retail group, whose members include Walmart Inc, is eager to aid antitrust enforcers that are poised to investigate whether Amazon.com and Alphabet’s Google are harming competition. The Retail Industry Leaders Association (RLIA), which also represents Target Corp and Best Buy Co among others, said it’s prepared to present their concerns to the Justice Department and the ...

Bloomberg European Union countries won’t ratify a free-trade deal with South America if Brazil doesn’t take measures to achieve the greenhouse gas emissions targets it agreed to in the 2015 Paris climate accord, French Ecology Minister Francois de Rugy said. Top EU officials reached a breakthrough in market-opening negotiations with counterparts from the Mercosur group of Argentina, Brazil, Paraguay and ...

Bloomberg UK house-price growth remained subdued last month as values in London and the southeast continued to fall, according to Nationwide Building Society. June saw a year-on-year increase of just 0.5 percent, a seventh straight month below 1 percent. That compares with increases of around 2 percent a year earlier. The uncertainty arising from Britain’s departure from the European Union ...

Bloomberg Sweden’s main employer group is preparing to defend the key pillar of the Nordic country’s labour market against a brewing union wage rebellion. The deal setting industrial workers salaries as a benchmark for overall wages is crucial in maintaining Sweden’s welfare state and is the envy of competitors, according to Fredrik Persson, chairman of the Confederation of Swedish Enterprise. ...

Bloomberg To understand why investors have soured on Tesla Inc this year, consider one of the thousands of deliveries that took place as the the electric-car maker was gunning for a record for the number of vehicles it handed over in a quarter. John Hanna, who splays his fandom for Elon Musk’s companies on his Twitter profile, ordered a Model ...

ABU DHABI / WAM The initiatives and events that took place in the UAE over the past six months have reinforced its position as a global centre and capital of tolerance. The UAE’s diplomatic message and international stances have promoted tolerance, despite the heightened tensions in the region. Tolerance by countering terrorism: The meeting between His Holiness Pope Francis, head ...

Bloomberg The Organization of Petroleum Exporting Countries (Opec) will extend production cuts into 2020 as the world’s leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America’s shale fields. Ministers from the group meeting in Vienna agreed to prolong their supply curbs by another nine months, said delegates, asking not ...

ABU DHABI / WAM The value of non-resident deposits in the UAE’s banking system exceeded non-resident loans by AED64.5 billion at the end of May 2019 compared to the same period in 2018, according to statistics from the UAE Central Bank. This statistics reflect the trust in the country’s banking systems, which has enabled it to attract more foreign investments. ...

DUBAI / WAM With Dubai’s economy entering a new phase of development and the government launching initiatives to simplify and reduce the cost of doing business, the emirate is set to become an even more productive base for small- and medium-sized Enterprises (SMEs). At the forefront of providing new opportunities for SMEs in Dubai is the Expo 2020 project, the ...

Bloomberg Gold tumbled back below $1,400 an ounce after the US and China reached a truce in their trade war, dealing a blow to havens. Prices fell the most in a year after Donald Trump and Xi Jinping agreed to resume negotiations. Still, the setback may be temporary as investors now train their focus on US jobs data due on ...