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Bloomberg Daimler AG moved to head off a growing crisis over emissions concerns by voluntarily recalling more than 3 million Mercedes-Benz diesel vehicles in Europe, marking the latest blow to the technology since Volkswagen AG’s cheating scandal erupted nearly two years ago. The automaker will extend an ongoing upgrade of about 250,000 compact cars and vans to nearly every modern ...

Bloomberg UK Prime Minister Theresa May will launch a new business advisory group on Thursday, her office said, as her government tries to build bridges with financial and trade bodies during Brexit negotiations. May will chair the first in a regular series of meetings of the business council in her official Downing Street residence, with discussions due to focus on ...

Bloomberg Amid all the noise about the future of its trade relationship with the US, Mexico is quietly creating jobs at a record pace and reducing the informality that for decades has held back its economy. More than 517,000 Mexican workers gained access to social security in the first half of 2017, a 17 percent increase from a year ago ...

DUBAI / Emirates Business The Internet of Things (IoT) has the potential to unlock up to 11 percent in incremental GDP driving economic growth in the GCC region, according to A. T. Kearney’s latest report, ‘IoT in the GCC: Building a Brighter, More Sustainable Future’. By 2025, the IoT solutions market in the region will be worth $11 billion, generating ...

TOKYO / WAM Ways of advancing economic relations between Abu Dhabi and Tokyo to a higher level and promoting the private sector’s contribution to the development drive were discussed at a meeting that grouped senior officials from the two sides in Tokyo on Tuesday. The meeting came during a visit by a UAE delegation participating in the 5th session of ...

ABU DHABI / WAM The total number of investors in Abu Dhabi Securities Exchange (ADX), by the end of H1 2017 reached 961,000 with a total of 2,276 investor numbers issued by ADX during the same period. Of the total numbers issued during the first half of 2017, 2020 were for individuals and 256 for institutions. Up to 1,173 numbers ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM), announced it is to implement the Common Reporting Standard (CRS), Regulations in support of the United Arab Emirates’ international obligation in implementing the standards of joint disclosures and the exchange of information for tax purposes set out by the G20 and Organisation for Economic Cooperation and Development (OECD). The CRS Regulations ...

DUBAI / Reuters Dana Gas will lift an injunction it obtained in a UAE court protecting it against claims on $700 million of Islamic bonds to comply with a London court order, a source with knowledge of the matter said. But Dana believes a stay on proceedings in Sharjah will still permit it to resume its legal action there, if ...

DUBAI / WAM Emirates will increase the frequency of flights between Dubai and Khartoum from five to seven a week starting August 8. As with Emirates’ current flights between the two cities, it will also operate a Boeing 777 on the additional services, offering customers a choice of cabins with 8 luxurious private suites in First Class, 42 lie-flat seats ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday received the President of the Republic of Mali, Ibrahim Boubacar Keita, who is currently on a working visit to the UAE. At the beginning of the meeting, His Highness Sheikh Mohamed bin ...