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Bloomberg British employers have become reliant on European Union workers and are concerned about restrictions after Britain leaves the bloc next year, according to a government-commissioned study published. “Employers were fearful about what the future migration system might be,” the Migration Advisory Committee said in an interim report. “Many employers in lower-skilled sectors have built a business model in which ...

Bloomberg The new bosses of two of Europe’s largest drugmakers are pivoting in different directions, with GlaxoSmithKline Plc doubling down on consumer health as Novartis AG focusses on finding new prescription medicines. Glaxo CEO Emma Walmsley’s $13 billion deal for Novartis’s stake in a joint venture that includes Panadol pain relievers and Theraflu cold medicine comes only days after the ...

Bloomberg BMW AG will begin a car-subscription pilot in Tennessee next week, joining the ranks of automakers experimenting with new ownership models as ride hailing and smartphones upend traditional auto retailing. The service, called Access by BMW, will be offered by a local BMW dealership in Nashville starting from April 2, according to a person familiar with the company’s plans ...

Bloomberg Facebook Inc. CEO Mark Zuckerberg has said he will not appear before a UK parliamentary committee to give evidence in the wake of allegations that information on millions of its users was misused. Damian Collins, the head of the committee that is also investigating the impact of social media on recent elections, had invited Zuckerberg to answer for a ...

Bloomberg Germany is willing to offer the US concessions to stop President Donald Trump from slapping tariffs on European steel and aluminum, exposing a divide with France on how to avert a trade war. Germany is ready to discuss with the European Union in every respect measures to counter the US threat to impose tariffs, according to a government official ...

Abu Dhabi / WAM The Ministry of Economy said that the economic impact of the country’s investment in the technologies of the “Fourth Generation of the Industrial Revolution,” most notably artificial intelligence (AI) will not be restricted by cost, consumption, production and productivity, and will achieve major economic growth through smart investment in various sectors, based on many international studies ...

ABU DHABI / WAM Lt General Hamad Mohammed Thani Al Rumaithi, Chief of Staff of the Ar-med Forces, on Monday received Admiral Valter Girardelli, Chief of the Italian Navy, who is currently visiting the country. During the meeting, they discussed issues of mutual interest and ways of enhancing cooperation especially in the military, defence and maritime fields, as well as ...

ABU DHABI / WAM On the occasion of visit of South Korean President Moon Jae-in the UAE, Abu Dhabi National Oil Company (Adnoc) announced signing of two major contracts between Adnoc Refining and Samsung Engineering Co Ltd, worth a total value of over $3.5 billion. The signing of the agreements was witnessed by Dr Sultan bin Ahmad Sultan Al Jaber, ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry and the Korean International Trade Alliance (KITA) on Monday signed a Memorandum of Understanding (MoU). The MoU was signed by Mohammed Hilal Al Muhairi, Director-General of Abu Dhabi Chamber, and Kim Young Ju, CEO of KITA. Al Muhairi said that KITA is a leading institution with thousands of ...

DUBAI / Reuters Private equity firm Abraaj Group is considering selling part of its investment management business as it seeks to stem the fallout from a dispute with investors in one of its funds, sources said. Dubai-based Abraaj is in early stage talks with several possible buyers, the sources said, with one source saying Abu Dhabi Financial Group was among ...