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Bloomberg Comcast Corp. doesn’t have to raise its offer for Sky Plc, at least not yet. A ruling from UK takeover authorities kept a floor price of 14 pounds per share for Sky, below the US cable giant’s overall $34 billion bid. That means Comcast, whose offer for the UK pay-TV company is currently the highest, doesn’t have to increase ...

Bloomberg It’s no secret: US businesses are dealing with rising costs, from labor to raw materials to shipping expenses. But many are already starting to see the light at the end of the tunnel as the economy works its way through what may prove to be temporary inflationary pressures. Take Clorox Co., for example. The Oakland, California-based consumer-products maker’s chief ...

Bloomberg Tata Group may have to pay around $1.3 billion in dues to the Indian government to rescue the proposed sale of its mobile-phone business to Bharti Airtel Ltd., people familiar with the matter said. The department of telecommunications is demanding that Tata Teleservices Ltd. clear any obligations to the government before it approves the deal that was struck in ...

Bloomberg Huawei Technologies Co., which just edged past Apple Inc. to become the world’s second-largest smartphone maker, wants to be top of the heap before the end of 2019. The Chinese giant shipped more than 95 million phones in the first six months, up about 30 percent from a year earlier. Consumer division chief Richard Yu said he wants Huawei ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited Mohammed Bakheet Al Ketbi on Saturday at his residence in Al Ain. Al Ketbi and his family, along with several Emiratis and dignitaries, welcomed His Highness Sheikh Mohamed bin Zayed’s visit, while appreciating ...

Dubai / Emirates Business The Dubai Land Department (DLD) has played an important role in strengthening the alliance between the United Arab Emirates and the People’s Republic of China over the past decades by working with its partners to further attract Chinese investors, and to identify the investment opportunities available in Dubai and the UAE in general. Her Excellency Majida ...

SHARJAH / WAM Mohamed Ahmed Amin, Acting Director-General of the Sharjah Chamber of Commerce and Industry (SCCI) and Omar Moham-med Salleh, Trade Commissioner of the Malaysia Trade Centre at the Consulate General of Malaysia in the UAE, discussed ways of developing economic relations and expanding trade between Sharjah and alaysia. The meeting was held at the SCCI headquarters, where the ...

SAO PAULO / WAM The UAE is marking the centenary of the birth of its founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and Sharjah was seen dedicating a panel in its cultural programme for the Sao Paulo International Book Fair, to celebrate the truly remarkable life and achievements of the UAE’s greatest visionary. Titled ‘Year of Zayed’, ...

Bloomberg US Secretary of State Michael Pompeo warned against easing up on sanctions until North Korea gives up its nuclear weapons, drawing a rebuke from the regime that underscored how far apart the two sides remain almost two months after their leaders met in Singapore. Back in Singapore for a regional security forum, Pompeo on Saturday called out Russia and ...

Bloomberg Teva Pharmaceutical Industries Ltd. plummeted the most in six months after US sales fell amid price erosion for generic drugs, the company’s biggest business. The 18 percent slump in overall second-quarter sales to $4.7 billion trailed analysts’ average estimate and was led by a decline in sales of copycat drugs in North America. Rapid approvals for generic medicines and ...