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Bloomberg Britain is significantly less attractive as an international business location because of Brexit but remains well positioned compared with other major economies, according to a German study. The UK slipped behind the US to second place in the latest ranking published by Germany’s Foundation for Family Businesses, though it remains ahead of the rest of its Group of Seven ...

Bloomberg Apple Inc. and Amazon.com Inc. are removing Parler from their services, part of a growing backlash after the social media network was among those used to organise last week’s riots at the Capitol. Apple dropped Parler from its App Store, while Amazon’s cloud unit decided to stop hosting the social media company. They joined Alphabet Inc.’s Google, which removed ...

Bloomberg Twitter Inc. shares fall 6.1% in pre-market trading after the social media platform permanently banned outgoing President Donald Trump. The San Francisco-based company confirmed its decision in a blog post, saying Trump’s tweets breached policies by risking incitement to violence. It cited Trump’s posts referring to riots in the US capital last week. Mirabaud analyst Neil Campling said the ...

Bloomberg Despite the pandemic-induced recession of 2020, America’s young adults doubled their assets over the past four years, new data from the Federal Reserve show. This marks the first time the assets for so-called millennials have exceeded $10 trillion. But, this generation, the oldest of whom turn 40 this year, has a massive debt burden as well, according to the ...

Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah and Chairperson of the Supreme Council for Family Affairs (SCFA), reiterated the contributions of the Holy Quran to the development of human civilisation for thousands of years while affirming that its teachings have paved the way for key milestones and human achievements in the ...

DUBAI / WAM Nakheel Malls, the retail arm of master developer Nakheel, has launched its data transformation initiative as part of a customer-centric strategy to benefit retailers and customers across Nakheel Malls’ assets. Using machine-learning algorithms and artificial intelligence-enabled data products, the fully governed, advanced platform provides key insights to more than 3,000 tenants by studying retail habits, purchases and ...

ABU DHABI / WAM Kim Young-ju, Chairman of the Korea International Trade Association (Kita), stated that the UAE and South Korea have had solid bilateral relations since the start of their diplomatic ties in the early 1980s, adding that the two friendly countries established a strategic partnership in 2018 during the official visit of Moon Jae-in, President of South Korea, ...

DUBAI / WAM Dubai South announced that its Business Park succeeded in attracting 650 new companies as well as leasing of 945,488 square feet of space in 2020 despite the challenging times. In light of the impact of Covid-19 on the business landscape last year, Dubai South realigned its offerings and rolled out an array of stimulus packages to support ...

Bloomberg The UK power market is showing signs of strain. For the fourth time this winter National Grid Plc warned that the buffer needed to ensure security of supply and keep the lights on was too small. While the UK has made swift progress on switching from fossil fuels to renewables, this is the downside to cleaning up its energy ...

Bloomberg The crash of Sriwijaya Air Flight 182 is another blight on Indonesia’s already poor aviation safety record. The country has had several incidents linked to safety issues in the past, including poor maintenance, pilot training, communications or mechanical failures and air-traffic control problems. It’s the worst place in Asia to take an airplane, with 104 accidents and 2,353 related ...