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Bloomberg British outsourcing firm Capita Plc’s shares pared some of this year’s heavy losses, rising as much as 14 percent in London, after the company announced a restructuring aimed at saving hundreds of millions of pounds. Capita, which provides customer-service functions for the likes of Marks & Spencer Group Plc and is responsible for collecting BBC license fees, is targeting ...

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) on Sunday released its Annual Visitor Report 2017, providing an in-depth cross-sector analysis of the emirate’s tourism performance last year, as well as an overview of future activities, campaigns and strategies as Dubai progresses towards its goal of welcoming 20 million visitors per year by 2020. The ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (ADNEC) has revealed its preparations for the hosting of the inaugural edition of the Abu Dhabi International Boat Show (ADIBS), which will be held from October 17-20, at the Abu Dhabi National Exhibition Centre. The show is presented as a world class platform for UAE and international companies from the ...

Abu Dhabi / Emirates Business The Department of Economic Development (DED), in Dubai signed a memorandum of understanding (MoU), with the Dubai Free Zones (DFZ), Council to facilitate business operations for free zone based companies. The collaboration is driven by the shared commitment of the two entities to reinforce Dubai as the number one global hub for attracting businesses, facilitating ...

Dubai / WAM The Sustainable Communities and Climate Change Summit (SCCCS), was held on Sunday, under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, to provide a dedicated platform to discuss major regional and international issues in relation to climate change and other sustainability challenges facing ...

Bloomberg North Korea has achieved its goal of developing a nuclear arsenal and is suspending further tests of atomic weapons or intercontinental ballistic missiles, its state-run media reported, citing leader Kim Jong-un. Kim said the regime’s nuclear test site will be shuttered, according to the Korean Central News Agency (KCNA). Punggye-ri, built in a secluded mountain valley northeast of Pyongyang ...

Bloomberg US Treasury Secretary Steven Mnuchin said he’s considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing. Mnuchin said he’s “cautiously optimistic” of reaching an agreement with China that bridges their differences over trade. “A trip is under consideration,” Mnuchin told reporters in Washington at the IMF’s spring ...

Bloomberg When China released its key economic indicators, the statistics agency was quick to highlight how the country’s domestic consumption had propelled growth in the first quarter, offsetting external risks as trade tensions escalate. Yet for the country’s publicly listed companies, foreign business has never been so important. The percentage of sales that mainland-listed companies get outside their home country ...

Bloomberg A top European Union official reiterated the bloc’s demand for a permanent exemption from the US’s steel and aluminum tariffs, as a temporary reprieve is set to expire on May 1 and fears mount that escalating trade tensions could threaten the global economy. European Commission Vice President Valdis Dombrovskis said the EU is in close contact with US authorities ...

Bloomberg Netflix Inc. used to worry it would alienate customers by raising prices for its streaming service. Not anymore. The company posted its strongest first quarter since going public 16 years ago, despite raising prices for most of its customers over the past several months. Los Gatos, California-based Netflix added 7.41 million users in the period, accord-ing to a statement, ...