Uncategorized

Bloomberg Apple Inc. is making it harder for touts to profit from buying iPhones in Hong Kong only to sell them on the black market in China. From mid-August, all products bought online from Apple in Hong Kong will be ineligible for return or exchange unless they are defective, the company said on its website. Apple’s previous policy allowed 14 ...

Bloomberg A day after belatedly faulting white supremacists for deadly clashes in Virginia, President Donald Trump returned to his controversial position that there was “blame on both sides” for the weekend violence — remarks that caught his own aides off-guard. “You had a group on one side that was bad, and you had a group on the other side that ...

ABU DHABI / WAM Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past six months, and the highest safety index of 86.46, Abu Dhabi was well ...

Abu Dhabi / WAM An online registration on tax purposes for businesses will be open effective mid-September 2017, according to the Federal Tax Authority (FTA) with an integrated system to be provided to serve the business sectors as per the highest international standards. This marks a major step underlining the UAE’s leading position in the application of a world-class tax ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, stated that sustainability is a lifestyle, work and investment, and she described it as everyone’s responsibility as individuals and families, as well as governments, quasi-governments and private organisations, ...

Abu Dhabi / Emirates Business Delegates at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will have more opportunities than ever to hear some of the oil and gas industry’s most powerful executives speak in open-invite conference sessions, after organisers confirmed they will increase the number of Global Business Leader panels for 2017. Held under the patronage of ...

Bloomberg The UK government said it wants to maintain tariff-free, bureaucracy-light trade with the European Union for a period of up to two years after Brexit, a proposal cheered by British businesses but which is likely to raise eyebrows on the continent. Ahead of the publication Tuesday of the first of a series of new papers aimed at fleshing out ...

Bloomberg Hedge funds have adored the FAANGs for so long it’s no wonder that two of them—Apple Inc. and Facebook Inc.—are losing their appeal. Ken Griffin’s Citadel sold 3.4 million shares of Apple, the majority of its stake. And Viking Global Investors, led by Andreas Halvorsen, shed 9.6 million shares of Facebook, or most of its holding. These are just ...

Bloomberg The Philippines is considering potential ways to jointly develop oil and gas resources with China in a disputed part of the South China Sea, according to Foreign Affairs Secretary Alan Peter Cayetano. Any joint ventures would conform to Philippine law and wouldn’t lead to the loss of Philippine territory, Cayetano told a House of Representatives hearing on Tuesday in ...

Bloomberg The number of new taxpayers in India more than doubled in the past five months and about $47 billion came back to the banks after the government’s cash ban brought more people into the fold of the formal economy, PM Narendra Modi said. “Black money which was hidden was forced to come to the mainstream,” Modi said in his ...