News

  Dubai / Emirates Business Superior entertainment and silver screen blockbusters will soon have a new address, as Cityland Mall – UAE’s first nature-inspired mall scheduled for launch in the second quarter of 2018 beside Global Village –signed the Majid Al Futtaim Cinemas’ brand VOX Cinemas as its official cinema provider. Fahimuddin Sharfuddin, Chief Executive Officer and Board Member, Cityland ...

  Dubai / Emirates Business Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts and heritage, recently hosted a specialised talk in collaboration with the British Council at the Etihad Museum as part of its support for UK/UAE 2017 a Year of Creative Collaboration. The talk – ‘Disability Access in the Museum Environment’ – was ...

  Bloomberg A Republican proposal to undo Obama-era net neutrality rules would hand responsibility to prevent abuses by internet service providers to an agency that critics say lacks adequate power. US Federal Communications Commission Chairman Ajit Pai is said to be planning a proposal to strip his agency of strong authority over broadband and let the Federal Trade Commission police ...

  Bloomberg The two-faced nature of Canada’s labor market was on full display as employers continued to hire but resisted raising wages. Canada added 19,400 jobs in March, for an employment gain of 276,400 over the past 12 months, Statistics Canada said from Ottawa. Yet, the pace of annual wage rate increases fell to 1.1 percent, the lowest since the ...

  Bloomberg A British court backed the government’s decision to sell its Green Investment Bank Plc to a consortium led by Macquarie Group Ltd., rejecting a request from a rival bidder to review decisions about the sale made by ministers. Sustainable Development Capital LLP, or SDCL, had asked the High Court for a judicial review of the planned sale of ...

  Bloomberg 21st Century Fox Inc. cleared one hurdle by winning unconditional European Union approval for its 11.7 billion-pound ($14.5 billion) bid for Sky Plc as investor uncertainty over the deal grows amid fresh allegations of harassment at Fox News. The European Commission said it saw no competition problems with Fox’s bid to buy the rest of Sky that it ...

  Bloomberg UK manufacturing and construction unexpectedly shrank in February, adding to signs that the economy lost momentum in the first quarter. Factory output fell 0.1 percent from January, the Office for National Statistics said. Total industrial production declined 0.7 percent as unseasonably warm weather reduced demand for energy. Construction dropped 1.7 percent, the most in almost a year. While ...

  Bloomberg Crude capped a second weekly gain after briefly spiking on the first armed strike by President Donald Trump’s administration. Futures settled at the highest level in a month in both New York and London. Russia’s deal with OPEC to cut crude supply hasn’t delivered as much as expected, according to Deputy Prime Minister Arkady Dvorkovich. OPEC ministers will ...

  Bloomberg The prospect of a trade war between China and the US elicits frequent warnings of the risk to the global economy. India sees it somewhat differently. Senior officials in Prime Minister Narendra Modi’s party say India stands to benefit from the tensions. President Xi Jinping will need India’s huge market as President Donald Trump threatens punitive measures against ...

  Bloomberg Toshiba Corp. has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai Precision Industry Co. and Korea’s SK Hynix Inc., according to people familiar with the matter. The other remaining contenders include private equity firm Silver Lake Management and chipmaker Broadcom, which are collaborating ...