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Bloomberg US President Donald Trump has urged Britain to name Nigel Farage, a flamboyant and popular advocate for leaving the European Union, to negotiate a final Brexit agreement, the Sunday Times reported. Trump said the UK should refuse to pay the 39 billion-pound ($49 billion) settlement to cover commitments to the EU and walk away unless it gets “a fair ...

Abu Dhabi / WAM The Abu Dhabi Social Support Authority announced that since launching in January 2019, 3,200 low-income Emirati families have benefitted from phase one of the Abu Dhabi Social Support Programme. The Programme’s core objective is to improve living conditions for low-income Emirati families in Abu Dhabi by providing financial and employability support to partners for family members ...

Abu Dhabi / Emirates Business Etisalat customers will now experience one of the fastest broadband speeds in the region from the comfort of their homes, enhancing their experience while using multiple smart devices at one time. Today Etisalat has raised the benchmark for home entertainment by delivering an incredible 12x greater broadband speed on its advertised entry plan compared to ...

Abu Dhabi / WAM The UAE has continued to promote values of cross-cultural and religious interaction, tolerance, harmony and peaceful coexistence, during the month of May. The country launched various programmes and engaged in numerous activities and events to confirm its status as a global centre of tolerance. The Emirates News Agency (WAM), shed light on the major events during ...

Dubai / Emirates Business The United Arab Emirates’ key business and innovation hubs have strong career appeal for the world’s digital talent pool, according to a new study by Boston Consulting Group (BCG) and The Network. In a report based on BCG’s 2019 study, titled Decoding Digital Talent, Dubai ranked as the sixth most appealing country to relocate to for ...

Bloomberg Acting Defense Secretary Patrick Shanahan said the US and China would eventually resolve their differences, downplaying the significance of escalating trade tensions even as he ripped Beijing’s leaders for behavior that “sows distrust” in Asia. In a speech in Singapore that came hours after he met a top Chinese defense official, Shanahan indirectly blasted Beijing for employing a “toolkit ...

Bloomberg Vedanta Resources Ltd, owned by Indian billionaire Anil Agarwal, said it’s seeking international arbitration to resolve a dispute with the Zambian government about its copper assets in the country. Zambia’s government this month began liquidation proceedings against Vedanta’s Konkola Copper Mines, after accusing Vedanta of lying about expansion plans and paying too little tax. The company says it is ...

Bloomberg The automotive industry is bearing the brunt of trade-war crossfire again as US President Donald Trump threatens to slap tariffs of as much as 25 percent on goods from Mexico, a key production hub for carmakers from Mazda Motor Corp. to General Motors Co. Mexico is the largest source of US vehicle and auto-parts imports, meaning tariffs would increase ...

Bloomberg Even though President Donald Trump held fire earlier this month on auto tariffs that have the potential to further roil Europe’s struggling economy, a succession of domestic dilemmas on both sides of the Atlantic threaten to frustrate efforts at a trade pact before they’ve even begun. Ten months after Trump and European Commission President Jean-Claude Juncker struck a Rose ...

Bloomberg WeWork Cos is in talks with banks about arranging a $2.75 billion credit line ahead of a planned initial public offering, according to people with knowledge of the matter. JPMorgan Chase & Co. is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined ...