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Bloomberg Big US companies are paying higher risk premiums when they borrow and finding less demand for their bonds, a sign that investors are worried about rising wages and slow- ing economic growth hitting corporate profit growth. Companies are responding by borrowing less: they sold around $8 billion of US investment-grade debt last month, about a seventh of the average ...

Bloomberg UK mortgage approvals dipped to a seven-month low in November and unsecured credit rose at its slowest annual pace for almost four years, the Bank of England (BOE) said. The figures reflect weakening consumer confidence as fears mount that Britain could crash out of the European Union without a deal. House prices rose the least since 2013 last year, ...

Bloomberg Volvo AB, the world’s second-largest truckmaker, will set aside 7 billion kronor ($780 million) to address a faulty emissions-control component that’s worn out more quickly than expected. The charge will eat into operating income in the just-finished fourth quarter, while the drag on cash-flow will impact the coming years, the Gothenburg, Sweden-based manufacturer said in a statement issued after ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued a series of tweets on his official Twitter page regarding the eight principles of governance in Dubai. In his tweet, Sheikh Mohammed thanked all those who showed appreciation in the mark of his 50 years of service. ...

Sharjah / WAM SteelFab 2019 will witness the participation of a number of leading countries in the fields of welding and manufacturing of steel and metal. These countries will participate through national pavilions that comprise some of the largest commercial and manufacturing companies in the world. The mega-event will be hosted at Expo Centre Sharjah from January 14-17. SteelFab, which ...

ABU DHABI / WAM Under the directive of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and President of Abu Dhabi University’s Board of Regents, Abu Dhabi University (ADU) is set to name the newest building on its Abu Dhabi Campus ‘Umm Al Emarat’, Mother of the Nation, in honour of HH Sheikha Fatima bint ...

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (DTCM) or Dubai Tourism is rolling out a set of initiatives to deliver end-to-end ‘Only in Dubai’ experiences to ensure tourists enjoy an unforgettable stay in the emirate and encourage repeat visitation as part of efforts to further strengthen and sustain the city’s world-class propositions. One of the key ...

Bloomberg President Donald Trump said he could declare a national emergency to circumvent Congress and build a wall along the US border with Mexico, shortly after threatening Democrats that he’s prepared to keep part of the government shut down for a year or longer if his demands aren’t met. “Absolutely we can call a national emergency because of the security ...

Bloomberg The US hasn’t done enough to counter the use of technology transfers and supply chain infiltration from countries like China, leading to a grave national security risk, according to two US senators. To guard against state-sponsored technology theft and risks to supply chains that provide technology to US consumers, Senators Mark Warner and Marco Rubio have proposed legislation requiring ...

Bloomberg The government of Indian Prime Minister Narendra Modi said it’s on track to meet its official March 31 deadline to provide electricity connections to every home, saying a December 31 goal promoted publicly by the power ministry was only an “internal target.” The ministry said in a statement that it aimed to achieve full electrification by year-end “so that ...