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May in a Brexit bind as talks delayed; Toyota plans to move

Bloomberg Prime Minister Theresa May is in a double bind as she tries to navigate the politics of Brexit while keeping businesses on side: Even when she thinks she’s giving companies what they want, they say she’s made it worse. May is set to ask the European Union to let Britain keep access to its single market and customs union ...

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Europe gets back in fight mode with trade, investment push

Bloomberg European Commission President Jean-Claude Juncker pushed to expand Europe’s global economic footprint in a sign of growing confidence that the political threats posed by Brexit and populism can be curtailed. Juncker, who leads the European Union’s executive arm, proposed to start EU free-trade talks with Australia and New Zealand, give the bloc a role in screening foreign investments and ...

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Uber’s legal chief to depart as CEO sets new course

Bloomberg Dara Khosrowshahi, the new chief executive officer at Uber Technologies Inc., laid out an initial set of plans during a staff meeting to get the troubled ride-hailing company back on course. He said his top priority was hiring a chief financial officer who can help the company balance its need to control spending with continued growth, said two people ...

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As Irma fades, swirling Jose eyes $19trn in property

Bloomberg Don’t underestimate Jose. The meteorological gods seem to be working against the hurricane as Irma’s successor lumbers over the Atlantic Ocean. But it’s so far out — more than 950 miles from New York — that it’s too soon to call the all clear. “If it is going to be a threat, it is probably a threat next week,” ...

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Trump woos democrats on tax overhaul bill

Bloomberg Three Democratic senators joined President Donald Trump for a White House dinner aimed at winning their support for an as-yet unreleased tax overhaul bill that would be written by Republican leaders. Trump’s guests — Joe Manchin of West Virginia, Heidi Heitkamp of North Dakota and Joe Donnelly of Indiana — are the only three Democratic senators who haven’t signed ...

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Global e-learning sector to reach $325bn by 2025

ABU DHABI / Emirates Business The global e-learning industry is fast climbing, thanks to conti-nuous advanced technological innovations, high modern skill demand in the market, and the need to update individual competencies for career advancement, among other factors. Market research firm Research and Markets predicts that the international online learning market will experience a compound annual growth rate of approximately ...

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Insiders trading ban effective next week

ABU DHABI / WAM A ban on insiders’ trading on UAE capital markets will go into force effective next week until the revelation of the Q3 financial statements by listed companies in compliance with the rules and regulations of the Securities and Commodities Authority. The Abu Dhabi Securities Exchange and Dubai Financial Market have announced that the band shall be ...

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Aldar, Union National Bank tie up for escrow services

DUBAI / WAM Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, has signed an agreement with Union National Bank to provide escrow account services for Water’s Edge buyers. The partnership will enable Aldar to utilise escrow facilities for the recently announced waterfront development, and Yas Island’s first mid-market property, which comprises 2,255 apartments. Talal ...

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Emirates NBD named ‘banking company of year’

Dubai / Emirates Business Emirates NBD, a leading bank in the region, took home the title of ‘Banking Company of the Year’ at the annual Gulf Business Awards. Recognised for its strong financial performance and continued commitment to the digitalisation of banking services in the UAE, the bank received the prestigious honour for the second consecutive year. Emirates NBD was ...

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VP lauds lifting of restrictions on direct sales of properties

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday toured Cityscape Global 2017 in Dubai World Trade Centre where he was shown around the pavilions of the universal event in its 16th edition which woos impressive presence from 16 Arab and foreign countries and in ...

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