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Bloomberg Japanese Olympic Committee President Tsunekazu Takeda was charged as part of a French corruption probe into the awarding of the 2020 Olympic Games to Tokyo, a person familiar with the matter said. Takeda, however, insisted that he hadn’t been indicted. The charges against Takeda, who led Tokyo’s successful bid, were filed on December 10, said the person, asking not ...

Bloomberg Some of Britain’s largest and most storied manufacturers are making a last-ditch plea to lawmakers to avoid a disorderly retreat from the European Union with stark warnings of production grinding to a halt and political inertia hurting their business. Ultra-luxury carmaker Rolls-Royce said its factory in southern England risks being paralysed in the event of a hard Brexit if ...

Bloomberg When CBS Corp board members go to Los Angeles for their January 31 meeting, they’ll have more on the agenda than just a tour of the local TV studios. The 11-member panel is expected to discuss both the hunt for a permanent chief executive officer and the possibility of a merger with Viacom Inc, according to people familiar with ...

Bloomberg PG&E Corp’s financial woes have spiralled into a crisis of confidence on Wall Street and beyond after fallout from deadly wildfires hobbled the company’s credit rating and eviscerated more than $16 billion of market value. The embattled California power giant’s bonds were among the biggest decliners in the high-yield market. Protesters interrupted a California Public Utilities Commission meeting in ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, stated that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, prioritises the quality of life of its citizens, while its government has prioritised housing and is achieving sustainability in this vital ...

RIYADH / WAM The Executive Office of Arab Information Ministers Council adopted the Emirati proposal for ‘Tolerance’ to be the Council’s intellectual theme in 2019, under the title “Arab Media’s Role in Promoting Tolerance”. The Council made the decision during its 11th ordinary session in Riyadh, Saudi Arabia, on Wednesday. The UAE was represented by Mansour Ibrahim Al Mansouri, Director ...

Dubai / WAM Nasdaq Dubai on Wednesday launched futures trading on the shares of 12 leading Saudi Arabian companies, in a significant step forward for the region’s capital markets. The move enables investors to gain from changes in the Saudi-listed companies’ share price by trading the futures on Nasdaq Dubai. The futures are designed to increase the appeal of regional ...

Dubai / WAM Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, participated in a series of events in Egypt, Ivory Coast and Nigeria as part of its efforts to promote UAE products and services across promising international markets and connect local trade to the best gateways in the African continent. The Dubai Exports ...

Bloomberg Donald Trump summoned the nation’s attention to the Oval Office for a prime time pronouncement on the border wall standoff at the centre of the government shutdown. Then, he offered nothing new. Instead, Trump used the president’s most symbolic and powerful perch — traditionally reserved for times of war or calls for national unity — to rattle off familiar ...

Bloomberg The growth engine for the world’s car industry has been thrown into reverse, with China recording the first annual slump in auto sales in at more than two decades and more pain predicted in 2019. Sales in the world’s biggest market fell 6 percent to 22.7 million units last year, the first annual decline in at least two decades, ...