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Bloomberg BT Group Plc was accused of dragging its feet for years as competitors using its network demanded the former UK phone monopoly run more fiber-optic lines to homes and businesses. Now BT’s wholesale division has seen the benefits of installing the faster connections, and is trying to coax its rivals into helping out. Under a regulatory compromise reached in ...

Bloomberg Worldpay Group Plc, UK payment-processing firm that listed in London 2 years ago, said it has received preliminary takeover approaches from Vantiv Inc. and JPMorgan Chase & Co. Worldpay shares surged as much as 26 percent and were up 21.6 percent at 12:10 p.m. in London to 389.4 pence, giving the former payment-processing division of Royal Bank of Scotland ...

Bloomberg The United Nations Security Council was to hold an emergency meeting later Wednesday after the US confirmed North Korea’s rocket launch on July 4 was its first intercontinental ballistic missile. As North Korean leader Kim Jong Un bragged about sending more “gifts” to US President Donald Trump, South Korea and the US announced on Wednesday they had conducted a ...

Bloomberg Donald Trump’s encounter with Russian leader Vladimir Putin is raising concerns among veteran American diplomats and analysts about a mismatch between a US president new to global affairs and a wily former Soviet spymaster experienced in the long game of strategy and statecraft. Their highly anticipated meeting this week at the Group of 20 summit promises to set the ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that Dubai’s major real estate projects aim to enhance the emirate’s development across sectors, and enhance its readiness for the future as part of the comprehensive growth strategy of the UAE under the leadership of UAE ...

Dubai / WAM The National Media Council, the government entity responsible for building and operating the UAE Pavilion at Expo 2020 Dubai, announced that Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion. Arabtec Construction squared off against three local and international companies in the final round with nine ...

Ras Al Khaimah / WAM Forging ahead with its ambitious plans to be the region’s premier destination for adventure tourism, the Emirate of Ras Al Khaimah is set to open a new observation deck close to the summit of Jebel Jais, providing adventure seekers and nature lovers unrivalled and breathtaking views and experience of the UAE’s highest peak at 1,934 ...

Dubai / Emirates Business Cityland Group on Tuesday announced a major financing milestone for the $330 million flagship retail project — Cityland Mall — from a consortium of banks consisting of Emirates NBD as the lead bank and Burgan Bank from Kuwait. The loan, which totals $142.74 (AED524mn) million in value, will be utilized for covering the ongoing project cost ...

Bloomberg India’s economy is struggling to recover its strong growth record, beset by record low inflation, a widening output gap, and short term uncertainty from the introduction of a uniform sales tax. That will build pressure on the Reserve Bank of India to jettison its neutral monetary policy bias adopted just five months ago, setting the scene for lowering interest ...

Bloomberg China is stepping up its scrutiny of online and mobile games, as the leading government-owned newspaper blasted Tencent Holdings Ltd.’s top-grossing Honour of Kings for harming children in the pursuit of profit. The People’s Daily criticized Tencent’s most profitable smartphone title in an editorial, citing it as an example of how addictive games spread “negative energy” and have even ...