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Bloomberg UK Prime Minister Theresa May is resisting the European Union’s timetable for Brexit talks and is calculating that US President Donald Trump might help her. While EU officials are signaling they want September to be a showdown moment in negotiations, the UK is aiming for a later deadline, according to a person familiar with the situation. May’s team thinks ...

Bloomberg Glencore Plc may have had a nightmarish year so far, but the world’s top commodity trader is still raking in mountains of money. The company is facing a US corruption probe, got mired in a dispute with its billionaire former partner in the Democratic Republic of Congo and has been caught in the fallout from new US sanctions on ...

Bloomberg Automakers failing to cut greenhouse gas emissions risk writing a big check to the European Union. Manufacturers ranging from Renault SA to Mercedes-Benz maker Daimler AG are on the hook for total fines in excess of 14 billion euros ($16 billion), should they fail to comply with tighter emission regulation phased in from 2020 and in full force the ...

Bloomberg Daimler AG dropped plans to expand its business in Iran after the US renewed a host of sanctions and President Donald Trump threatened to penalise companies doing business in the country. The German carmaker has suspended its “limited” activities in Iran until further notice because of the trade curbs coming into effect on Tuesday, the Mercedes-Benz maker and biggest ...

Bloomberg They’re Donald Trump’s kind of business. They dominate the domestic market, rack up a trade surplus by selling to foreigners, and do a lot of their manufacturing in states that voted for him. But America’s recreational boat-builders are getting caught up in the president’s trade war. With every escalation, they’ve taken a fresh hit. The industry employs about 150,000 ...

ABU DHABI / WAM The UAE has expressed its absolute rejection of any interference in the internal affairs of the Kingdom of Saudi Arabia and voiced its vehement support for any actions or policies the country may take or adopt in this regard. ‘‘The UAE stands in solidarity with Riyadh in the confrontation of any foreign interference that may undermine ...

DUBAI / WAM The UAE Council for Artificial Intelligence and Digital Transactions highlighted the impor- tance of training Emiratis and attracting international talent who specialise in data, to achieve the goals of the UAE Strategy for Artificial Intelligence and the UAE Strategy for Digital Transactions, in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

Bloomberg Crude rose after Saudi Arabian production cuts heightened concerns about tightening worldwide supplies. Futures in New York advanced as much as 1.6 percent on Monday. Saudi Arabia reduced oil production to about 10.3 million barrels a day in July, according to delegates in the Organization of Petroleum Exporting Countries. The kingdom told the group it had pumped 10.489 million ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry issued a resolution to exempt private sector companies and institutions in Abu Dhabi from all fines that are due to delayed membership renewals of 24 months or more, to give them the opportunity to adjust their status until the end of December. Mohammed Hilal Al Muhairi, Director-General of ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (ENEC) has successfully completed Hot Functional Testing (HFT) on Unit 2 of the Barakah Nuclear Energy Plant. This significant pre-operational testing process incorporated all lessons learned from the same test on Unit 1 in order to achieve the highest international standards of quality, safety and efficiency. ENEC worked closely with the ...