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Bloomberg There’s still plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote women have been offering more incentives for them to return to work and stay in senior jobs—and bumping up the numbers of women in their management ranks as a result. Women account for 13 percent of ...

Bloomberg The European Union will consider offering the UK “improved equivalence” for financial services after Brexit, according to the latest draft of the bloc’s negotiating position, a system Britain has rejected as “wholly inadequate.” It’s not clear what “improved” would mean. What is clear is that the EU is rejecting the UK’s bid for its banks to have access to ...

Bloomberg The UK’s privacy watchdog said it’s requesting a search warrant to comb the offices of Cambridge Analytica as part of an investigation into allegations the firm retained information on millions of Facebook users without their consent. Cambridge Analytica failed to respond to an access request by the Information Commissioner’s Office, forcing the authority to seek a warrant “to obtain ...

Bloomberg German investor sentiment slumped to its lowest level since September 2016 as concern intensified that Europe’s largest economy could be hurt by a global trade war and a strengthening euro.The ZEW Center for European Economic Research in Mannheim said on Tuesday that its monthly index of investor expectations fell to 5.1 in March from 17.8. Economists in a Bloomberg ...

Bloomberg US tariffs on aluminum and steel imports will add thousands of jobs at domestic producers, offsetting labour losses in other industries, while economic growth will slow by a tiny percentage, according to the Coalition for a Prosperous America. The study is from the nonprofit organisation, which has supported the US administration’s skepticism towards free trade. The group estimates President ...

Bloomberg Publicis Groupe SA, the world’s third-largest advertising company, lifted its outlook for growth on the conviction that it’s the best placed to triumph over structural changes in the industry. “We believe that we are the only ones who have the right assets to succeed,” Publicis Chief Executive Officer Arthur Sadoun said in an interview ahead of an investor presentation ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, broke ground on the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the biggest Concentrated Solar Power (CSP) project in the world. The start of the new project advances the UAE’s global leadership ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a Federal Law on linking the general budget of the Federation and the budgets of the autonomous state institutions for the fiscal year 2018. According to the Law, published in the Federal Official Gazette, both the expenditures and the revenues in the Federation’s general budget ...

DUBAI / WAM Dubai’s non-oil foreign trade in 2017 grew AED26 billion to reach AED1.302 trillion compared to AED1.276 trillion in 2016, enhancing Dubai’s position as global hub for trade despite the challenges faced by the global economy. Dubai’s re-exports grew nine percent in 2017 to AED360 billion, while Dubai’s imports reached AED798 billion and exports totalled AED144 billion. Dubai’s ...

LONDON / WAM UAE-based Petrofac, a leading service provider to the oil and gas production and processing industry, on Monday announced that it has signed a binding letter of intent, for a contract worth around $580 million (AED2.13 billion) with a GCC National Oil Company for the engineering, procurement and construction (EPC) of a major project. Specific details in relation ...