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Bloomberg Italy and France are at risk of breaching European Union (EU) spending rules, the bloc’s executive arm said, warning that only countries with a healthy budget position should be pushing expansionary policies. In a set of assessments, the European Commission said the 2020 spending plans of eight countries are “at risk of non-compliance.” In addition to France and Italy, ...

Bloomberg Artificial intelligence (AI) is coming for America’s high-paid professions as it creates winners and losers across the labour market like never before. White-collar jobs and better-educated occupations along with production workers are among the most susceptible to AI’s spread into the economy, according to a Brookings Institution report that draws on a new analysis of patent data by a ...

Bloomberg The US Senate unanimously passed a bill aimed at supporting protesters in Hong Kong and warning China against a violent suppression of the demonstrations — drawing a rebuke from Beijing. China reiterated on Wednesday a threat to impose unspecified retaliation if the bill became law and urged the US to stop meddling in Hong Kong affairs. Separately, the city’s ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, recognised the winners of the 2019 REACH Awards on Tuesday at a ceremony held during the Reaching the Last Mile Forum in Abu Dhabi. Established by the Crown Prince of Abu Dhabi, the biennial ...

Abu Dhabi / Emirates Business Sanad Capital (Sanad), the aerospace asset leasing and financial solutions company, has completed delivery of its 12th engine to Etihad Airways. The delivery marks the final tranche of a $280 million, 12 engine deal signed between the two Abu Dhabi aerospace companies in 2016. The 12-year sale and lease-back agreement between Etihad Airways and Sanad, ...

Dubai / Emirates Business Dubai Future Academy (DFAc), a Dubai Future Foundation initiative, announced the launch of 10 new training programs aimed at developing the skills of professionals, the youth and promising talents in all fields, and empowering them with tools for the future and prepare them to adapt with the changes in the future of various economic, technological and ...

DUBAI / WAM Forty-nine artists began their mission to design the UAE Nation Brand logo that will represent the country and share its success story with the world, with the logo aimed at reflecting the UAE’s values and showcasing its journey towards emerging as a global model for hope, ambitions, openness and possibilities. The workshop is in response to the ...

Bloomberg Shares of Vodafone Idea Ltd and rival Bharti Airtel Ltd rallied after the wireless carriers said they planned to raise tariffs starting next month, the first increase since the entry of billionaire Mukesh Ambani into India’s telecommunications market in 2016 triggered a price war. Vodafone Idea surged as much as 30% in Mumbai, while Bharti Airtel rallied as much ...

Bloomberg A US chipmaker’s attempt to acquire a peer with a valuable Chinese affiliate has spurred concern in Beijing, as tensions between the world’s two biggest economies threaten to disrupt the global tech supply chain. China’s antitrust regulator is closely monitoring Diodes Inc’s proposed $428 million takeover of Taiwan’s Lite-On Semiconductor Corp, responding to complaints a deal will deliver the ...

Bloomberg Tata Steel Ltd plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the UK. About two-thirds of the reductions would be office-based staff, the company said in a statement. While the steelmaker didn’t give ...