News

  Dubai / Emirates Business The Dubai Health Authority (DHA) and Unilever signed an agreement to promote healthy lifestyle through a yearlong campaign comprising of several awareness initiatives and outreach programs for Dubai residents. The MoU was signed at the DHA headquarters by His Excellency Humaid Al Qatami, Chairman of the Board and Director-General of the Dubai Health Authority(DHA) and ...

  Dubai / WAM In line with its continued efforts to offer optimum services to customers, the Inheritance Department at the Awqaf and Minors Affairs Foundation (AMAF) has launched an initiative to provide enabling services to beneficiaries at their homes, particularly widows and the elderly. Customers who are sixty years old and above, as well as widows passing through the Idda ...

  Sharjah / Emirates Business Al Qasba, Sharjah’s premier leisure, tourism and family destination, hosted a group of fatherless children from the Sharjah Social Empowerment Foundation (SSEF) in commemoration of the 12th annual Zayed Humanitarian Day. Celebrated on Ramadan 19, Zayed Humanitarian Day honours the legacy of the late Sheikh Zayed bin Sultan Al Nahyan, the founder of the nation, with ...

  Tokyo / Bloomberg Japanese companies, which have embarked on a $210 billion global acquisition spree over the past three years, are getting a surprise bargain out of Brexit. The yen soared to the highest in more than two years, boosting local firms’ purchasing power for deals abroad and potentially saving them hundreds of millions of dollars on purchases they’ve ...

  Beijing / Bloomberg Chinese authorities will require Baidu Inc. and other search engines to report banned content and verify advertisers’ qualifications in its latest attempt at Internet regulation. Under rules to take effect Aug. 1, search engines operating in the country will be prohibited from providing banned information in various formats including links, summaries, cached pages, associative words, related ...

  Bangkok / Tribune News Servicve Thai exports slipped for a second straight month in May, with the low value attributed to a slowdown in the global economy and low prices for farm products and oil. The Commerce Ministry said that exports fell 4.4% year-on-year in May to US$17.6 billion, with imports edging up 0.5% last month to $16 billion. ...

  Sydney / AFP A group of kayakers paddled to a tiny beach outside the Australian prime minister’s Sydney harbourside home on Saturday to call for action on climate change ahead of next weekend’s election. Protester Joseph Sikulu said he felt that the issue had dropped off the agenda ahead of the July 2 polls in which conservative Prime Minister ...

  Shanghai / Bloomberg China’s central bank will study shadow banking activities at Alibaba Group Holding Ltd. as it tries to ensure a fair environment exists for competition in the industry, Governor Zhou Xiaochuan said. Alibaba engages in activities that fall under the Financial Stability Board’s definition of shadow banking and are subject to different capital requirements than traditional banks, ...

Bloomberg As executives digest the news of the U.K.’s vote to leave the European Union, they’re cautioning that business will suffer — affecting everything from beach vacations to wristwatch ads to initial public offerings of stocks. Companies exposed to the U.K. economy warned that the decision could slow growth and prompt them to cut their investments in the country, and ...

  BLOOMBERG The pound just had its worst day ever, and few analysts expect the U.K. currency to recover all of the losses that sent it to its lowest level since 1985 — at least, not in the foreseeable future. BNP Paribas SA, one of the biggest sterling bulls before Britain voted to leave the European Union, cut its third-quarter ...