Uncategorized

Just Eat’s takeout deal tests UK merger regulator’s concern

Bloomberg Pizza, Thai or Indian? You might think British takeouts have plenty of ways to serve hungry customers poring over menus from their iPhones or laptops. They can sell direct through their own apps or websites like Domino’s Pizza Group Plc and Pizza Hut, use delivery specialists such as Amazon.com Inc., UberEats and Deliveroo, or log on to a restaurant ...

Read More »

Samsung punishment may ease political pressure for chaebols

Bloomberg Though the downfall of the man heading Samsung Group, South Korea’s most powerful conglomerate, may seem an ominous omen for the country’s family-run business empires, the jailing of billionaire Lee Jae-Yong could end up offering some relief to chaebol dynasties. That’s because Lee, who on Friday received one of the harshest sentences ever handed to a chaebol leader, could ...

Read More »

10 months after cash ban, India graft still endemic

Bloomberg Nearly 10 months after India’s unprecedented ban on high value notes that was designed to tackle entrenched corruption, bribery continues to oil the wheels of business in Asia’s third-largest economy, according to a US risk management firm that advises foreign investors. Gifting of land, houses, luxury watches and sponsoring expensive travel abroad are now the preferred bribes as tax ...

Read More »

Trump’s Afghan plan poised to fail: Pakistan PM

Bloomberg ­­­­­­­­­­­­­­­ US President Donald Trump’s strategy for the nation’s longest-running war in Afghanistan will meet the same fate as the plans of his predecessors, according to Pakistan’s Prime Minister Shahid Khaqan Abbasi. Failure. “From day one we have been saying very clearly the military strategy in Afghanistan has not worked and it will not work,” Abbasi, who took over ...

Read More »

Women account for 70% of nationals in banking sector

SHARJAH / WAM The representation of Emirati women among the national workforce in the banking sector of the UAE stands at 70 percent, among the highest of any sector in the country, according to Jamal Al Jasmi, General Manager of the Emirates Institute for Bankingand Financial Studies, EIBFS. Al Jasmi said the rise of the country’s women is a result ...

Read More »

Emirati women constitute 61% of Masdar workforce

Abu Dhabi / WAM On the occasion of the Emirati Women’s Day, Masdar’s Executive Director of Sustainability and Brand, Dr Nawal Al Hosany has praised the role of the UAE’s esteemed leadership in placing an emphasis on the empowerment of women, inspired by the legacy of the late founding father, Sheikh Zayed bin Sultan Al Nahyan. “Since the establishment of ...

Read More »

VAT to bring a new revenue stream for economy

According to the Decree-Law, a supply of goods includes the transfer of ownership of the goods or the right to use them as an owner from one Person to another and an entry into a contract between two parties triggering the transfer of goods at a later time. A supply of service is any supply that is not considered a ...

Read More »

UAE, Finnish researchers discuss innovations in rain enhancement

ABU DHABI / WAM The UAE Research Programme for Rain Enhancement Science this week hosted a series of meetings with leading Finnish researchers working on climatology and meteorology, measurements and modelling. Reflecting its growing international status as a rain enhancement leader, the programme held meetings in Helsinki with experts and leading scientific institutions earlier this month. The programme team’s visit ...

Read More »

Labour Party wants Britain stay in EU’s single-market

­­­­­­­­­­­Bloomberg The UK’s opposition Labour Party wants Britain to stay in the European Union’s single market for an extended period after it leaves the bloc, a shift in its position that could undermine PM Theresa May’s efforts to deliver her vision of Brexit. The proposal, which would mean no additional customs or migration controls in March 2019, would allow more ...

Read More »

VW diesel-cheat system is tied to secret site

Bloomberg Volkswagen AG operated a top-secret site at its sprawling headquarters to test the diesel technology at the heart of the emissions-cheating scandal, reflecting the lengths those involved went to conceal their actions, people familiar with the matter said. Some engineers used the research facility in Wolfsburg, Germany, to upload the software that manipulated regulatory emissions checks, one of the ...

Read More »
Send this to a friend