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Bloomberg With or without Brexit, Britain is surely the toughest market for European utilities to make money in right now. After years and years of surging bills, disgruntled homeowners are abandoning the nation’s biggest energy suppliers at an alarming rate. In strikingly somber tones, utilities from Innogy SE to Centrica Plc have dished out bearish outlooks detailing their woes in ...

TASHKENT / WAM The third session of the Joint Economic Committee between the UAE and Uzbekistan was held in Tashkent, the Uzbek capital. The Committee was chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, representing the UAE Government, and Ganiev Elyor Majidovich, Deputy Prime Minister of Uzbekistan. Mohammed Hareb Al Mehairbi, UAE Ambassador to Uzbekistan, also attended the ...

Abu Dhabi / WAM Aldar Properties PJSC,Aldar, on Wednesday announced the official opening of Al Jimi Mall’s major expansion and outdoor retail park. The expansion to Al Ain’s first and favourite shopping and entertainment destination gives Aldar a AED 1 billion asset in Al Ain, which will see the arrival of over 100 new brands and F&B outlets, bringing the ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec), signed a Memorandum of Understanding (MoU), with Enusa Industrias Avanzadas (Enusa), defining a framework for collaboration and the exchange of information and expertise in the field of nuclear fuel services. The MoU was signed at Enec’s headquarters in Abu Dhabi, by Mohamed Al Hammadi, CEO of Enec, and Jose Vicente ...

Dubai / WAM DP World Berbera has achieved another milestone for Somaliland, commissioning the first Mobile Harbour Cranes (MHCs), at the Port of Berbera this month. The introduction of the MHCs is a landmark development by DP World Berbera, as the port will for the first time offer shoreside crane support, substantially improving vessel operations. The $12 million investment on ...

Bloomberg Paul Manafort will serve a total of seven-and-a-half years in prison for felonies uncovered as part of Special Counsel Robert Mueller’s investigation into Russian election interference, as a judge extended his sentence on Wednesday while delivering a blistering denunciation of his illegal conduct and habitual lying. US District Judge Amy Berman Jackson in Washington ordered that Manafort must serve ...

Bloomberg Subdued inflation in India is proving to be a dilemma for Prime Minister Narendra Modi weeks before a crucial vote. While most politicians heading into elections would want to cheer their efforts in taming the inflation dragon — especially in emerging economies like India, where price surges can oust governments — Modi has been restrained about this achievement. That’s ...

Bloomberg China will fall well short of its target of cutting taxes and fees by a record 2 trillion yuan ($298 billion) this year, according to S&P Global Ratings. The government will likely only be able to cut taxes by 1.5 trillion yuan, about 25 percent short of its goal, S&P credit analysts led by Yutong Zou wrote in a ...

Bloomberg Apple Inc. should be probed by the European Union’s antitrust agency over how it allegedly squeezes rival music streaming services, Spotify Technology SA said, escalating a row over how Apple takes a cut of all sales on its app store. The iPhone maker has created an “untenable” situation by imposing ever-changing rules and a 30 percent tax for apps ...

Bloomberg The UK will avoid imposing tariffs on most imported goods in the event of a no-deal Brexit, though officials said prices of key Eu-ropean Union products including beef, cheese and cars will rise. The government said on Wednesday its “balanced approach” aims to offset a spike in prices that consumers would experience in a no-deal departure as a result ...