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Bloomberg With their anxiety spiraling over Brexit, Britain’s business leaders weren’t impressed by the pitch from the Conservative premier— or the Labour leader who wants her job. “The way that they’re managing the economy right now, the Conservative Party is a shambles,” Advanced Computer Software Group Chief Executive Officer Gordon Wilson said in an interview. As for opposition leader Jeremy ...

Bloomberg BMW AG lost ground to global luxury-car leader Mercedes-Benz as profits from carmaking fell while the euro’s gains prompted the manufacturer to reduce its forecast for automotive revenue. Amid increased spending to refresh and expand its car lineup, BMW is now predicting a “slight” gain in 2017 auto revenue, compared with its previous forecast for a “solid” increase, the ...

Bloomberg Apple Inc., looking to fund stock buybacks and dividends, sold $7 billion of bonds even as proposed new tax laws may leave it awash in cash it previously couldn’t use. The iPhone maker sold notes in six parts. Apple has been the second-most active US non-financial issuer of debt this year behind AT&T Inc., data compiled by Bloomberg show. ...

Bloomberg Taxi companies across the US waged a bitter, high-profile battle to keep Uber Technologies Inc. and Lyft Inc. from bringing the sharing economy to cabs. They lost. Now the cabbies are adopting an if-you-can’t-beat-them, join-them-strategy. Pittsburgh Yellow Cab, for example, rebranded itself last year as zTrip. A century-old fixture in Steel City, it launched an app and offered a ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) announced the successful issuance and closing of a $3 billion bond, one of the largest non-sovereign bond offerings in the history of the Middle East. The bond, issued by ADCOP, an entity 100 percent owned by the ADNOC Group, highlights the more proactive and flexible management of ADNOC’s portfolio ...

Dubai / Reuters DP World extended its reach into Somaliland on Monday, announcing that it would develop an economic zone in the breakaway Somali region. The chairman of the Dubai state-owned port operator, Sultan bin Sulayem, and Somaliland’s foreign minister Saad Ali Shire signed the agreement in Dubai on Monday to develop the Berbera Free Zone, DP World said in ...

RAS AL KHAIMAH / WAM RAK Ceramics announced its results for the third quarter ended on September 30. Core revenues increased 14.1 percent year-on-year (YoY) to AED643.6 million, driven by strong growth in the UAE, Saudi Arabia, India and Bangladesh. Total revenue grew to AED705.2 million, an increase of 9.2 percent compared to Q3 2016. Core revenue contribution represented an ...

Ras Al Khaimah / WAM HH Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, emphasised that Emirate of Ras al-Khaimah wants to build an integrated commercial infrastructure that will attract investors and businessmen from all over the world. He made his remarks at the signing of a 25-year concession agreement between Saqr Port and ...

Dubai / WAM The Gulf Cooperation Council (GCC), will showcase the power of nations working together when it hosts its own pavilion at Expo 2020 Dubai, the first World Expo to be held in the region. Dr Abdullatif bin Rashid Al Zayani, Secretary-General of the Council, on Monday signed an official participation contract with Reem bint Ibrahim Al Hashimy, Minister ...

Dubai / WAM Emirates Transport (ET), on Monday launched the final phase of testing for the first battery electric school bus in the region. The 45-seater bus has been manufactured in close cooperation with the Shanghai Sunwin Bus Cooperation, in one of the first projects of its kind worldwide. Speaking at the launch ceremony, Mohammed Abdullah Al Jarman, General Manager ...