News

  Bloomberg The red lines Britain has signalled it will adopt in Brexit talks are “fully incompatible” with its aspiration to keep membership in the single market, and there won’t be any negotiations until the U.K. triggers the process, Slovenia’s prime minister said. Miro Cerar, premier of the former Yugoslav Republic of 2.1 million people, echoed other EU leaders, saying ...

  Edinburgh / AFP Scotland’s ruling nationalists gather for their annual conference on Thursday with the issue of independence back on the table following Britain’s vote to leave the European Union. First Minister Nicola Sturgeon, the leader of the Scottish National Party (SNP), has vowed to explore “all options” to protect Scotland’s place in the EU after Scots bucked the ...

  Bloomberg The amount of electricity generated by U.S. nuclear reactors hit its lowest seasonal level in a decade as malfunctions and closures tied to Hurricane Matthew combined with routine maintenance to drag down production. The nation’s nuclear output fell on Tuesday to 81,600 megawatts, or about 79 percent of capacity, according to U.S. government data. That’s the lowest level ...

  Bloomberg Spanish bonds dropped, pushing the 10-year yield to the highest in more than three weeks, amid speculation that caretaker Prime Minister Mariano Rajoy could face a confidence vote this month. Spain’s securities led declines among euro-region sovereign debt. The country has been through two inconclusive elections since December and has repeatedly missed European Union targets to cut its ...

  Karlsruhe / AFP Germany’s top court on Wednesday heard complaints from some 200,000 citizens and campaigners who want to stop a planned EU-Canada free trade agreement set to be signed later this month. They are asking the Constitutional Court to prevent the government from endorsing the so-called CETA accord at a gathering of EU ministers next week, arguing that ...

  Bloomberg BMW AG expects sales of its electrified cars to surge in the next decade as the technology hits the mainstream, putting it in a race against Tesla and Mercedes-Benz. Plug-in hybrids and all-electric cars across the BMW and Mini brands could account for between 15 percent and 25 percent of sales in about 10 years, BMW Chief Executive ...

  DUBAI / Emirates Business Consumers in the UAE appear to agree with the current real estate market sentiment that now is good time to buy property, according to statistics from compareit4me.com, the Middle East’s leading finance comparison site. Using data from its mortgage comparison platform, compareit4me can reveal that there was an 119.5% increase in the number of people ...

  Dubai / Emirates Business Royal Caribbean Arabia has launched its new website, which has been completely reimagined to fit in to the palm of your hand. A mobile friendly designed interface, packed with exciting video content, which gives you a front row seat to onboard activities and entertainment. Additionally Royal Caribbean Arabia has done the planning for you, highlighting ...

  Dubai / Emirates Business Azizi Developments, a leading UAE-based real estate developer with global reach into international markets, has announced its newest project in the burgeoning district of Al Furjan: Azizi Plaza. The Plaza, a B+G+2P+12 structure, will encompass residential, commercial and retail space with fully furnished serviced apartments catered towards convenient, affordable luxury living for professionals and nuclear ...

  Dubai / Emirates Business Don’t miss out on experiencing life-changing technologies and first-in-the-region innovations at du’s stand this GITEX Technology Week, 2016. Staying true to the theme ‘simplicity is technology’s greatest advance’, demonstrations at du’s stand this year will feature simple innovation that will enhance the happiness of UAE citizens. Visitors will also be able to witness how du, ...