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  Bloomberg It turns out Masayoshi Son isn’t ready to retire after all. Just a year ago, SoftBank Group Corp.’s founder looked poised to fulfill his long-stated plan of stepping aside in his 60’s. He had a global telecom empire, track record of spectacularly successful investments and a bright young successor. Instead, the 59-year-old edged aside his heir apparent, cut ...

  Bloomberg Portuguese Prime Minister Antonio Costa is beginning to scare some investors. Almost a year into the role, Costa has succeeded in rolling back some austerity measures without alienating Portugal’s euro-area partners and creditors. Now, as his Socialist government prepares to raise indirect taxes and levies on property in its 2017 budget to help pay for higher pensions and ...

  Bloomberg London house prices fell for a fifth month in August, the worst streak for the U.K. capital since the depths of the recession seven years ago. The 0.6 percent drop, taking the average value to 580,930 ($708,000) pounds, followed a 1 percent fall the previous month, LSL Property Services and Acadata said on Saturday. The annual pace of ...

Bloomberg The UK government should learn from California and incentivize energy-storage technology to help move away from dirty fuels, a cross-party panel of lawmakers said. Ministers should reform the Capacity Market, a subsidy program designed to lower the risk of blackouts, to reward both energy-storage projects and power users who lower consumption at times of high demand, Parliament’s Energy and ...

  Bloomberg Belgium’s government averted a political crisis by relegating plans to cut the tax rate on corporate profits and calls for a capital gains levy to further review as the conflict threatened to derail a last-minute budget deal. “You can’t let things like this depend on the outcome of a deal struck in early hours,” said Deputy Prime Minister ...

  Bloomberg France’s lowest water reservoir levels in a decade are helping to bolster power prices that are 50 percent above last year’s levels even as a reduction in nuclear supply is expected to ease. Hydropower generation is forecast to be the lowest for 10 years this month, according to consultants Pira Energy Group. It’s already 1.4 gigawatts below last ...

  ISTANBUL / WAM Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei, on Thursday visited the UAE pavilion at the 23rd World Energy Congress in Istanbul. The minister visited the stands of participating UAE companies and institutions at the pavilion on the sidelines of the energy congress. He was briefed about Emirati projects and its pioneering experience in ...

  DUBAI / Emirates Business The building, construction and real estate [BCRE] sector has been one of the cornerstones of the UAE economy for some time and will continue to play a crucial role in the country’s long term economic diversification, making Dubai the ideal venue for KPMG’s 17th Global Real Estate and Construction Conference, according to Vijay Malhotra, the ...

  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 and Chairman of the Abu Dhabi Executive Council, chaired the meeting of the Council, held on Thursday at the Abu Dhabi Crown Prince Court. The meeting reviewed updates on the progress of the ...

  Abu Dhabi / WAM A No. 1 membership under the ‘We Are All Police’ initiative was awarded to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in the presence of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council. Sheikh Hazza ...