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Abu Dhabi / WAM Employers are vital partners to ensuring the rights of Emiratis are sustained, and attaining the UAE’s overall objectives and visions, said an official from the General Pension and Social Security Authority (GPSSA). Hanan Al Sahlawi, GPSSA Acting Executive Director, said that the Authority considers employers as strategic partners to achieve the objectives of the country that aim ...

Bloomberg The last stronghold in embattled businessman Anil Ambani’s phone carrier-to-power empire is also developing fault lines. Reliance Capital Ltd, his financial services business that almost doubled its profit in five years, had largely remained insulated from the distress plaguing the wider conglomerate. Now, the company that controls India’s fifth-biggest mutual fund, is racing to close a planned $2 billion ...

Bloomberg In the Philippines — where 76 million internet users stay online the longest in the world — just a handful of people spend a few hours each day to fight fake news about the upcoming midterm elections. The Commission on Elections has formed a team of 10 government workers to spot and report misleading online posts to Facebook, with ...

Bloomberg President Donald Trump brushed off news of a possible weapons test by North Korea, vowing that leader Kim Jong-un “will do nothing to interfere” and that a denuclearisation deal with the US “will happen.” Saturday’s tweet, posted while Trump was in a motorcade to the Trump National Golf Club in Virginia, was the president’s first response to news that ...

Bloomberg Sinclair Broadcast Group Inc. will buy 21 Fox regional sports networks from Walt Disney Co. for $9.6 billion, a bet that the local-TV company can become a cable-sports powerhouse. Sinclair will acquire the business via a new subsidiary called Diamond Sports Group, the company said. Byron Allen, the former comedian who founded Entertainment Studios and owns the Weather Channel, ...

Bloomberg Odds that Latin America’s largest economy contracted in the first quarter increased after March industrial production fell by more than double analysts’ expectations. Brazil’s output tumbled 1.3 percent in March, its worst reading in six months, the national statistics bureau reported. In the 12 months through March, industrial production contracted for the first time since 2017. The Brazilian economy ...

Bloomberg British people need to fly less, drive electric cars, eat little meat and turn their home thermostats down to 19 degrees Celsius (66 Fahrenheit) in order to rein in greenhouse gases damaging the planet. Those are the recommendations from the government’s official adviser on climate change and sketch out the toughest measures anywhere in the industrial world to rein ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has called on government and private sector employees through his social media platforms to participate in a new innovative humanitarian competition. Launching the “Well of Hope” competition, Sheikh Mohammed bin Rashid Al Maktoum tweeted, “A new institutional humanitarian ...

Abu Dhabi / WAM “Tolerance is like oxygen and the people of the UAE are the trees helping equally to produce the oxygen of tolerance,” Sheikh Nahyan bin Mubarak Al Nahyan, the UAE’s Minister of Tolerance said on Wednesday. “The greater the participation of the country’s people in promoting tolerance, the more harmonious, peaceful and prosperous the country will be.” ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer and a company listed on Abu Dhabi Securities Exchange (ADX), on Wednesday reported that its first quarter 2019 net profit increased by 6.6% to AED 578 million ($157 million) when compared with the same period last year. Excluding inventory gains recorded in Q1 2018, the 2019 first ...