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Bloomberg BT Group Plc’s new boss Philip Jansen kept the phone company’s dividend in the face of declining profits while committing to the turnaround begun by his predecessor. Jansen said earnings would fall this year and BT needed to be “more competitive” as he laid out plans to accelerate a fibre network rollout. The dividend pledge was a relief for ...

Bloomberg Traders who lived through the 1980s US farm crisis have a good reason to be skeptical of President Donald Trump’s new plan to help growers. That’s because they question whether the US would really be able to ship all of the $15 billion in potential federal farm-good purchases as humanitarian aid to poor countries. Instead, they suspect the government ...

Bloomberg A key measure of US consumer prices rose by less than expected in April on lower used-car and apparel costs, testing the Federal Reserve’s message that muted inflation will prove transitory while giving President Donald Trump more ammunition to argue for an interest-rate cut. The core consumer price index, which excludes food and energy, rose 0.1% from the prior ...

Bloomberg US President Donald Trump’s administration told China it has a month to seal a trade deal or face tariffs on all its exports to the US, even as both sides sought to avoid a public breakdown in negotiations despite a developing stalemate. The threat was made during talks in Washington, hours after Trump upped the ante by imposing a ...

Bloomberg Yemen’s Iran-backed Houthi rebels have started to withdraw from the Red Sea port city of Hodiedah, a key lifeline for food and supplies, months after the UN brokered a pact to spare it from a prolonged conflict. The rebels said they were also withdrawing from ports of Salif and Ras Eisa, in line with a UN announcement about their ...

SHARJAH / WAM Abdallah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI) met with Luis Limos Iqerga, the Brazilian Ambassador to the UAE, at the chamber’s headquarters. During the meeting, the two sides discussed ways of boosting cooperation in various sectors, especially trade and investment, as well as promoting friendly ties between business communities in ...

Bloomberg Pessimism is back in vogue in the oil markets, as investors bet sputtering trade talks and swelling US output can kill crude’s rally. Hedge funds lifted bearish bets on West Texas Intermediate crude by 39%, the biggest short-selling surge in more than eight months. Meanwhile, bets on a rally retreated for the second straight week. Crude futures slipped to ...

BEIRUT / WAM UAE Ambassador to Lebanon Hamad Saeed Sultan Al Shamsi has commissioned a number of facilities at the Vocational Centre of Beirut after they have been revamped by the Emirates Red Crescent. The facilities include heating, ventilating and air conditioning units as well as a computer lab. They fall within the ‘Year of Tolerance’ initiatives implemented by the ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) on Saturday announced that it has signed a strategic partnership with Etihad Airways appointing Hala Abu Dhabi, the Destination and Leisure Management division of Etihad Airways, the national airline of the UAE, as the official travel and destination management partner of its key events. Under the strategic partnership, Hala ...

SHARJAH / WAM Government and private sector employers must register their UAE national employees, said the General Pension and Social Security Authority (GPSSA). In a statement on released on Saturday, the Authority called on all employers subject to the provisions of Federal Law No. 07 of 1999 on Pension and Social Security and its amendments to register their UAE national ...