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Bloomberg Equity markets will face significant damage in a no-deal Brexit unless the European Union reverses a plan to block traders in its home territory from using London exchanges, the UK’s top market watchdog said. Andrew Bailey, the Financial Conduct Authority’s chief executive, called on the EU to urgently rethink its position before October 31, when Britain is scheduled to ...

Bloomberg A House panel investigating big tech companies for potential antitrust violations is seeking information from customers of Amazon, Apple, Google and Facebook about the state of competition in digital markets and the adequacy of existing enforcement, according to documents reviewed by Bloomberg. It’s the latest development in the bipartisan congressional investigation being conducted by House antitrust subcommittee chair David ...

Bloomberg President Donald Trump promised to help allies following attacks on major Saudi Arabian oil facilities, even though he said the US is no longer directly reliant on Middle Eastern oil and gas and has few tankers there. “We are a net Energy Exporter,” Trump tweeted. “We don’t need Middle Eastern Oil & Gas, & in fact have very few ...

Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with Dubai Export Development Corporation (DEDC) to develop and promote trade linkages and investment opportunities for Dubai-based businesses in high growth markets. The MoU was signed by Saed Alawadi, CEO of Dubai Export Development Corporation, and Massimo Falcioni, CEO of ECI, at the 4th Future Manufacturing & Trade Summit 2019, ...

DUBAI / WAM The upcoming 39th Gitex Technology Week and 4th Gitex Future Stars will feature the region’s largest 5G tech applications, new lifestyle tech and future mobility developments, as well as offer a glimpse into the ways that artificial intelligence and Gen Z will shape the future Held under the theme, ‘Synergising the Mind and Technology Economy’, the event ...

DUBAI / WAM The second edition of Dubai Marine Insurance Conference (DMIC), focusing on offshore energy as an integral part of the UAE’s Maritime Week will be held on the September 24 in Dubai. The inaugural edition of DMIC was launched in November 2018 and hosted by the Dubai Maritime City Authority and supported by the Emirates Maritime Arbitration Centre. ...

DUBAI / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, and a South African delegation headed by the Consul-General, Mogobo David Magabe, have discussed means to further develop cooperation relations between the two sides. Musabih briefed the South African delegation about customs facilities and services delivered by Dubai Customs to investors and businesses. He also talked about the different initiatives ...

Bloomberg President Donald Trump offered US support for Saudi Arabia’s self-defense in a call with Saudi Crown Prince Mohammed Bin Salman, the White House said. The pair spoke after a swarm of explosive drones hit key oil-industry targets in Saudi Arabia. The state-run Saudi Press Agency earlier reported on the call. Iranian-backed Houthi rebels in Yemen claimed responsibility for the ...

Bloomberg The Indian government’s decision to launch a $1.4 billion fund to salvage stalled residential projects is unlikely to revive a sector that’s been the worst hit by the growth slowdown in Asia’s third-largest economy. As part of a broader plan to kick-start the economy, Finance Minister Nirmala Sitharaman announced the setting up of a 100 billion rupee fund to ...

Bloomberg China’s Uber-for-trucks startup Full Truck Alliance said it’s weighing an initial public offering after breaking even from May, defying a sector-wide downturn. The company, which is backed by SoftBank Group Corp and Tencent Holdings Ltd, said its improved financial performance dovetailed with its decision not to follow through on a plan to raise as much as $1 billion in ...