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Bloomberg Japan had a surprise trade deficit in May, as stronger-than-expected imports overpowered the best export growth in more than two years. Exports rose 14.9 percent from a year earlier (estimate +16 percent), according to data released by the Ministry of Finance. Part of that was a rebound from weak shipments last year caused by the Kumamoto earthquake in April ...

Bloomberg Takata Corp. fell by its daily limit after the embattled airbag maker was said to be planning to file for bankruptcy, paving the way for a sale of the 84-year-old Japanese company behind the biggest safety recall in automotive history. Shares of Takata declined 17 percent, the most since April 27, at the end of trading on Monday in ...

Bloomberg Brexit talks finally began on Monday, almost a year since Britons voted to leave the European Union and amid confusion over what exactly the UK government wants from the divorce. What UK Brexit Secretary David Davis describes as the “most complicated negotiation of all time” began at 11 a.m. in Brussels with Prime Minister Theresa May’s government already on ...

Bloomberg A long list of potential buyers has expressed interest in the Nordic and Baltic businesses that Intrum Justitia AB and Lindorff need to divest to proceed with their merger, according to Intrum’s chief executive officer. CEO Mikael Ericson says he is confident the two firms can sell Lindorff’s entire business in Denmark, Estonia, Finland and Sweden, as well as ...

Bloomberg Alphabet Inc.’s Google says it is creating new policies and practices to suppress terrorism-related videos, a response to UK lawmakers who have said the internet is a petri dish for radical ideology. Google will increase its use of technology to identify extremist and terrorism-related videos across its sites, which include YouTube, and will boost the number of people who ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) distributed around AED22.1 billion in cash dividends to investors during the first six months of 2016 on behalf of its listed companies. ADX Chief Executive, Rashed Al Blooshi, said, “The distributed cash dividends were sent via direct bank transfers to the accounts of investors who have updated their bank account details ...

Dubai / Emirates Business Sandooq Al Watan, a national initiative launched by prominent Emirati businessmen to support research projects, has announced an unprecedented initiative titled “Our Future”. The initiative aims to prepare the UAE for a post-oil era by supporting the establishment world-class Emirati start-ups and growing them into global companies that generate massive economic and social returns to the ...

Abu Dhabi / Emirates Business The Yahsat Space Lab at Masdar Institute of Science and Technology hosted a workshop on how to build a lunar rover capable of exploring the moon’s rocky terrain, led by TeamIndus ‒one of five teams competing for the Google Lunar XPRIZE. The workshop was held at Masdar Institute, which is part of the Khalifa University ...

Sharjah / WAM Sharjah Media City, Shams, the world-class free zone hub for innovation, has signed an agreement with leading property consultancy Cluttons, to conduct market feasibility and analysis studies on relevant real estate products and options for Shams. The company is also assigned to develop innovative, high quality real estate solutions. “We are delighted to welcome our strategic partner, ...

Abu Dhabi / WAM MRO supply chain and logistics company, Farsound Aviation, has secured a multi-million-dollar contract renewal with Turbine Services and Solutions (TS&S) Aerospace, a specialised and leading maintenance, repair and overhaul provider for aircraft engines located in Abu Dhabi. The contract represents the renewal of an existing agreement and business relationship between the two organisations. David Skinner, Managing ...