Bloomberg Nearly 700,000 undocumented immigrants brought to the US as children won another ruling preserving their protection from deportation, though the Texas judge who sided with them cast serious doubt on the legality of the so-called Dreamer programme. US District Judge Andrew Hanen in the border town of Brownsville ruled that Texas Attorney General Ken Paxton waited too long to ...
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HNA’s debt declines for first time, shrinking by $8.3bn
Bloomberg HNA Group Co.’s debt, one of the highest among Chinese companies, declined for the first time after the embattled conglomerate reversed a multi-year acquisition spree by selling off dozens of assets to stay in business. Total debt fell 9.5 percent to 541.6 billion yuan ($79 billion) at the end of June, down about $8.3 billion from the record high ...
Read More »S Korea exports rise on record chip, petrochemicals shipments
Bloomberg South Korea’s export growth accelerated in August at the fastest pace in three months, easing concerns that the trade fight between China and the US will sap momentum in Asia’s fourth-largest economy. Exports rose 8.7 percent from a year earlier, the trade ministry said in a statement on Saturday. That compared with a 10.2 percent gain forecast by economists ...
Read More »UAE mobile spend to grow 26% to AED20bn by 2019
DUBAI / Emirates Business Overall online spending continues to grow in the UAE, and is forecast to reach AED36 billion by the end of 2018, according to a joint report issued by PayPal and Ipsos on Wednesday. The fourth annual cross-border commerce report, which tracks online domestic and cross-border shopping habits of approximately 34,000 consumers in 31 countries, also revealed ...
Read More »Adnec to host over 50 major local, global events by 2018-end
ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Wednesday announced that it is primed to host a very busy events season with its venues fully occupied till the end of this year by more than 50 major local and international exhibitions and conferences across key sectors including culture, healthcare, leisure, lifestyle, and business. Humaid Matar Al Dhaheri, ...
Read More »DFSA signs fintech pact with Singapore monetary authority
DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) on Wednesday entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement reflects the commitment of both authorities to develop an environment that supports the sustainable development of financial services through emerging technology. ...
Read More »Zaitoun Green initiates maritime consortium
ABU DHABI / WAM Dubai based Zaitoun Green Shipping LLC has initiated, together with world leading companies in smart technology and solutions, a consortium to collaborate on radically improving performance of container ships and forming a new business model for this market. The consortium consists of the top international industry key players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery ...
Read More »Aston Martin moves towards IPO, offers pre-Brexit windfall
Bloomberg Aston Martin is preparing to list its shares in London after the brand synonymous with UK spymaster James Bond pulled off a multi-year turnaround. The British maker of sports cars made famous in movies from “Goldfinger†to “Skyfall†is said to target a valuation of about 5 billion pounds ($6.4 billion) — approaching Ferrari NV’s multiples. A final decision ...
Read More »Fewer Americans lack healthcare plans since debut of Obamacare
Bloomberg Fewer Americans lack health insurance — but the gap remains wide, especially in some pro-Trump states. The number of uninsured declined to 28.3 million in the first quarter, down from 29.3 last year — and 48.6 million in 2010, the year the Affordable Care Act was signed into law by then-President Barack Obama, according to data from the federal ...
Read More »From Russia with love, Renault plots revival with sporty SUV
Bloomberg Renault SA is betting on a sustained recovery in Russia’s car demand, unveiling a sleek coupe-style sport utility vehicle in Moscow that’ll be manufactured in the French carmaker’s second-biggest market. The Arkana coupe-crossover, due to first go on sale in Russia next year, will help to expand the manufacturer’s offering of popular SUVs such as the Kadjar or Koleos, ...
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