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Sharjah / WAM As part of its efforts to alleviate the suffering of refugees and improve their quality of life, The Big Heart Foundation (TBHF), announced that it is welcoming all Zakat donations from individuals and corporations in the UAE. The funds generated from the campaign will go towards supporting refugees and displaced populations, particularly women and children. TBHF has ...

Bloomberg India is set to prune its ambitious export target of $900 billion as Prime Minister Narendra Modi’s government works on reviewing the foreign trade policy amid continued global weakness and uncertainty. The reassessment comes as India slogs it out in negotiations for a regional trade deal that would account for almost 30 percent of global GDP and over a ...

Bloomberg Western Digital Corp. plans to present Toshiba Corp. with a revised offer for its memory chip unit next week in order to resolve an increasingly bitter conflict over the future of a business the two companies jointly own, according to a person familiar with the matter. The US company’s Chief Executive Officer Steve Milligan will travel to Tokyo next ...

Bloomberg Wages for China’s newest college graduates are plunging even as their ranks rise to a record. That’s unwelcome news for the nation’s young elite, but it may aid policy makers striving to shift the economy into higher technology industries and services. Monthly salaries plummeted 16 percent to 4,014 yuan ($590) this year for a second-straight annual decline, data from ...

Bloomberg French crystal maker Baccarat is changing hands 253 years after it was founded by royal decree of King Louis XV. Chinese investment company Fortune Fountain Capital Ltd. is buying a controlling stake from Baccarat’s private-equity owners for about 164 million euros ($184 million), according to a statement. The deal ends more than a decade of ownership by Starwood Capital, ...

Bloomberg Oil tankers shipped the most crude from Iraq in six months in May, when OPEC’s second-biggest producer was negotiating with the group’s other members to persist with supply constraints to shore up the global market. Tankers loaded 122 million barrels of Iraqi crude at ports in the Persian Gulf and Mediterranean Sea last month, according to vessel-tracking and shipping ...

DUBAI / Reuters Goldman Sachs has applied to Saudi Arabia’s capital markets regulator for a licence to trade equities in the kingdom, two sources familiar with the move said, in the latest step by Western banks to expand operations in the country. Goldman has made the application to the Capital Market Authority (CMA) and a successful outcome could lead to ...

Bloomberg General Electric Co. said it’s ready to ship a 1.5 billion euro ($1.7 billion) offshore wind platform destined for the North Sea, underscoring the industrial giant’s commitment to clean power. The platform is a key part of the DolWin3 offshore project and will help transmit wind power generated in the North Sea, according to Alf Henryk Wulf, who heads ...

Bloomberg President Donald Trump’s plan to exit the Paris climate accord is seen curbing the willingness of European Union lawmakers to tackle low carbon prices. Europe will probably need to focus on protecting its industry from economic costs the US now won’t bother with, said Andrei Marcu, a senior fellow at the International Centre for Trade and Sustainable Development in ...

Bloomberg Forget car salesmen. General Motors Co. should think a little more like ice cream vendors, according to billionaire hedge fund manager David Einhorn. Einhorn has been waging a months-long battle with GM to get the largest US automaker to split its stock into two classes — one would collect on the company’s dividend, and the other would capture the ...