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Bloomberg Swatch Group AG, the maker of Omega and Tissot timepieces, reported the highest first-half profit in three years, fuelled by Asian demand and market share gains across its collection of 18 brands. Operating profit rose 70 percent to $628 million, the Biel, Switzerland-based company said in a statement. Analysts expected 612 million francs. The stock rose as much as ...

Bloomberg The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter. US uranium producers Energy Fuels Inc. and Ur-Energy Inc. filed a petition in January asking the Commerce Department to investigate the matter under ...

Bloomberg UK inflation unexpectedly held at 2.4 percent last month as cheaper clothing and computer games offset the rising cost of filling up a vehicle. The pound weakened as investors pared bets that the Bank of England will raise interest rates next month. Consumer prices were unchanged from May, the Office for National Statistics said on Wednesday. Annual inflation was ...

Bloomberg The home crowd that cheered on Russia’s run to the quarterfinals of the soccer World Cup may have been too preoccupied to do much shopping. Countries staging the world’s most-watched sporting event have a poor record when it comes to economic benefits off the pitch. In the three past World Cups, South Africa — the only host nation whose ...

ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council (NMC), said that the UAE and China have a long history of economic cooperation, which developed greatly under the Founding Father, late Sheikh Zayed bin Sultan Al Nahyan, who was keen to strengthen these important relations. He was a ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation, said that Dubai’s efforts to create a better future as part of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, ...

Abu Dhabi / WAM Chinese President Xi Jinping has said that the UAE and China are geographically far apart and different in national conditions, but “both are proud to have an enterprising and creative people who never give up their dreams.” He said that he is looking forward to working with the UAE leaders to draw up a blueprint for ...

Dubai / WAM Dubai has scored a new milestone in its bid to cement its leadership in the international maritime sector after it was selected as one of the world’s top five in the International Shipping Centre Development Index (ISCD). Backed by legal and legislative excellence, Dubai is known for its advanced infrastructure, world-class maritime and logistics capabilities–a competitive environment ...

Bloomberg India has recommended imposing a 25 percent safeguard duty on solar cells from China and Malaysia, saying the overseas supplies have caused or threatened “serious injury” to domestic manufacturers. Under the proposed plan, the safeguard duty would be applicable for two years, India’s Directorate General of Trade Remedies, a unit of the commerce ministry, said in the conclusion of ...

Bloomberg ZTE Corp. will take several weeks to get its business back on track after gaining its freedom from a game-ending US technology ban, people familiar with the matter said. The Chinese telecommunications equipment maker is dealing with a worker shortage as it awaits shipments of key components from US suppliers like Qualcomm Inc., the people said, asking not to ...