News

  Dubai / Emirates Business Kia Motors Corporation announced on Thursday its June 2016 global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 268,886 units sold. This figure represents an 11.4% year-on-year increase compared to the same month of 2015. In June, Kia posted ...

  Abu Dhabi / Emirates Business Fun Nation, a series of exciting and engaging workshops and performances will entertain guests of all ages at du Forum, Yas Island from July 14 to August 6 as part of Abu Summer Season 2016. An exhilarating range of sports, fashion, gaming and cooking events will be held under one roof at this all-new ...

  Dallas / AFP Funerals were held for two of the five officers killed in last week’s sniper shooting in Dallas, one day after President Barack Obama addressed a public memorial service honoring the slain police. Onlookers paused to pay their respects to Lorne Ahrens of the Dallas Police Department and Brent Thompson, an officer with Dallas Area Rapid Transit, as ...

  Bloomberg Britain’s new Brexit Czar argued this week that negotiations on the U.K.’s withdrawal from the European Union could begin around the end of this year, with December 2018 a probable date for departure. Appointed late on Wednesday by Prime Minister Theresa May, David Davis will now be Secretary of State for Exiting the European Union having campaigned to ...

  Bloomberg Philip Hammond, the U.K.’s newly appointed chancellor of the exchequer, said the vote to leave the European Union had “rattled confidence” and that he will take “whatever measures” needed to shore up the British economy. “The number one challenge is to stabilize the economy, send signals of confidence about the future, the plans we have for the future ...

  Bloomberg Germany’s government bonds lagged behind their higher-yielding peers as speculation major central banks will inject another dose of monetary stimulus curbed demand for the safest assets. Italian 10-year securities rose for a second day, while the extra yield Spanish bonds offer over German debt narrowed to the least since March. The split in the market came before an ...

  Bloomberg J Sainsbury Plc was awarded £69 million ($91 million) by a London judge following a long-running dispute over fees charged on card transactions with Mastercard Inc. Mastercard charges on U.K. credit and debit card transactions restricted competition, according to a Competition and Appeal Tribunal judgment published on Thursday. The judgment is the first in a series of claims ...

  Bloomberg Monsanto Co. has revived talks with BASF SE about a possible combination of their agrochemicals businesses, according to people familiar with the matter, after it rejected a $62 billion takeover offer from Bayer AG. The U.S. company is exploring various transactions, including the potential acquisition of BASF’s agriculture-solutions unit, the people said, asking not to be identified as ...

Bloomberg Democrats are courting progressive-minded Americans by calling for a tax on Wall Street trades. If the party succeeds, the mom-and-pop investors they’re wooing could bear the brunt. The party supports a financial transaction tax to reign in “excessive speculation” and fast traders that have “threatened financial markets.” Small investors would probably see an increase in the cost to buy ...

  Bloomberg Federal Communications Commission Chairman Tom Wheeler took a seat, grasped a set of controls, and guided an excavator — that happened to be 1,400 miles away. By moving dirt in Dallas through a remote hook-up from the FCC’s Washington offices earlier this year, Wheeler showed the promise of what could be the largest and most lucrative expansion of ...