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Bloomberg North Korea now has two ways to get on the internet, thanks to a new connection from Russia, according to cybersecurity outfit FireEye Inc. Russian telecommunications company TransTeleCom opened a new link for users in North Korea, Bryce Boland, chief technology officer for the Asia-Pacific region at FireEye, said in an interview on Monday. Until now, state-owned China United ...

Bloomberg On the last page of a nine-page tax plan that calls for slashing business rates, President Donald Trump and congressional Republicans proposed a little-noticed, brand-new tax that may hit companies like Apple Inc. and Pfizer Inc. It’s contained in one sentence: “To prevent companies from shifting profits to tax havens, the framework includes rules to protect the US tax ...

Bloomberg A hard Brexit could be a lot more painful for the UK than for the European Union. Britain’s automotive, technology, health-care and consumer goods sectors may lose $22.8 billion a year in export revenues when the UK leaves the single market and customs union, according to a report released on Monday by Chicago-based law firm Baker & McKenzie LLP ...

Bloomberg Euro-area factories are scrambling to add staff as burgeoning orders stretch capacity. A Purchasing Managers Index for the region’s manufacturing industry rose to 58.1 in September from 57.4 the previous month, London-based IHS Markit said on Monday. That compares with a preliminary reading of 58.2 and is the highest level in more than six and a half years. A ...

Bloomberg Square Inc. struck an agreement to process payments for ticketing service Eventbrite and made a strategic investment in the startup, part of the digital-payments company’s push into online commerce, an area dominated by larger players like PayPal Holdings Inc. San Francisco-based Square invested $25 million in Eventbrite, which lets event organisers sell tickets and promote and manage events. Eventbrite, ...

Bloomberg Uber Technologies Inc. directors plan to vote on Tuesday on board reforms and whether to pursue a major stock deal with SoftBank Group Corp. despite the surprise appointment of two new members by ousted Chief Executive Officer Travis Kalanick, two people familiar with the matter said. Those two coordinated moves could drastically reshape the ride-hailing company’s governance, while officially ...

Bloomberg As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup’s soaking-wet interior and center console full of water, he knew it was a lost cause. He just hoped his insurance company would agree and cut him a check. Despite a dearth of inspectors in southern Texas to review the damage ...

Abu Dhabi / WAM The number of commodities covered by the UAE’s selective taxation has been announced as 1,610 items, 60% of which are classified as soft drink products, 26% as tobacco and its derivatives, and some 14% as energy drinks, all deemed as the most damaging to the public’s health. The Federal Tax Authority has prepared a list of ...

Abu Dhabi / Emirates Business As business links between South Africa and the UAE continue to grow across a number of core sectors, Brand South Africa and the South African Business Council UAE hosted an event at the Southern Sun Abu Dhabi under the theme ‘The Role of SA Business in Promoting the Nation Brand.’ The meeting was attended by ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC), one of the world’s leading energy producers, signed an agreement with the Centre of Integrated Petroleum Research (CIPR), in Bergen University, Norway, to conduct applied research into Enhanced Oil Recovery (EOR), techniques that could extend the life of ADNOC’s oil reservoirs. Under the agreement, four Emirati ADNOC employees, with ...