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Bloomberg UK companies are overwhelmingly opposed to Britain walking away from talks to leave the European Union without a deal, a survey by the British Chambers of Commerce shows. More than a third of businesses want the UK to stay in the EU single market and customs union, according to the poll of 2,400 firms published on Monday. Almost 30 …

Bloomberg Carillion Plc plunged the most on record after the British construction company said first-half profit will be lower than expected, dividend payments will be suspended and the chief executive officer has stepped down. Cash flow from some projects has deteriorated, and the board will review all of the company’s major contracts with the help of KPMG, Carillion said in …

DUBAI / WAM In unison with the Smart Dubai vision, a smart mobility concept has been launched in the emirate to dedicate routes for the movem-ent of smart vehicles at Dubai Silicon Oasis. The initiative is the brainchild of the Roads and Transport Authority (RTA), and Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the …

ABU DHABI / WAM Abu Dhabi Health Services Company (SEHA) announced the formation of a specialised committee for artificial intelligence (AI), which will work to implement the technology and its applications in medical and operational development. Artificial intelligence is a branch of information technology that refers to the ability of machines to simulate the human mind and perform tasks in …

Bloomberg Iraqi Prime Minister Haider al-Abadi arrived in Mosul to declare it liberated from IS, three years after the city’s abrupt fall to the extremists alerted the world to the group’s growing strength, territorial ambitions and barbarity. Al-Abadi congratulated the Iraqi people and fighters on a “great victory” after the last pockets under IS control were retaken, according to a …

Dubai / Emirates Business Despite the short-term challenges posed by global macroeconomic factors across the GCC, the region’s tourism and hospitality industry remains on an upward trajectory as govern- ments recognize the potential of the sector in enabling revenue diversification and job creation, and actively invest in its development. Set to be worth $36.7 billion by 2020 according to Euromonitor …

Dubai / WAM In line with Dubai Tourism’s vision of attracting 20 million visitors per year by 2020, Atlantis, The Palm, has announced a US$100 million refurbishment programme across Atlantis, The Palm, as well as an expansion with the brands second property, The Royal Atlantis Resort and Residencies also located on The Palm. Atlantis, The Palm shares impressive results during …

Bloomberg Investors in India’s bond market are already raising red flags on the potential impact from populist farmer bailouts being engineered by different state governments. Yields on the so-called state development loans, or SDLs, climbed at the most recent auction, widening their spread over sovereign rates. The increase comes amid concern that waiving billions of dollars in farm loans will …

Bloomberg China’s great reflation is showing further signs of being a let-down. Producer price gains have eased back from February’s eight-year high as activity in the property and infrastructure sectors slows amid a government crackdown on risky lending. Prices at the factory gate rose 5.5 percent in June from a year earlier, the same pace as May, according to a …

Bloomberg UK factories and construction firms unexpectedly cut output in May, casting doubt over the performance of the economy in the second quarter. Manufacturing fell 0.2 percent from April as vehicle production posted the biggest drop in more than a year, the Office for National Statistics said. Total industrial production declined 0.1 percent. Building output shrank by 1.2 percent. There …