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Energy Transfer to get Dakota access pipeline nod from USA

  Bloomberg The controversial Dakota Access pipeline is set to gain the final go-ahead for completion after President Donald Trump asked for a speedy approval. The US Army said it will grant Energy Transfer Partners LP the easement it needs to finish the line that will ship almost half a million barrels of crude a day from North Dakota’s shale ...

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Apple hires Amazon’s Fire TV head to run Apple TV business

  Bloomberg Apple Inc. has hired Timothy D. Twerdahl, the former head of Amazon.com Inc.’s Fire TV unit, as a vice president in charge of Apple TV product marketing and shifted the executive who previously held the job to a spot negotiating media content deals. The moves suggest a renewed focus on the Apple TV and on providing more content ...

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Sharjah named among top 10 cities for connectivity

  Sharjah / Emirates Business An independent survey covering the most powerful and dynamic global economies, has named Sharjah as one of the top ten cities in the world for connectivity. Ranked at number six, Sharjah comes ahead of Frankfurt, Manchester, Miami and Dubai, reflecting its superb regional infrastructure and attraction as a business destination for foreign investors. Announcing the ...

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WSG announces finalists of World GovTechioneers Race

  Dubai / WAM The World Government Summit (WGS) 2017 announced it has received thousands of nominations in the first edition of the World GovTechioneers Race. The contest was launched in December 2016 to encourage global government entities to enhance their services, implement smart government initiatives, and develop partnerships to identify innovative solutions to challenges facing the world. In line with ...

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Palestinians ask world to punish Israel for new settlement law

  JERUSALEM / AP A Palestinian Cabinet minister on Tuesday called on the international community to punish Israel for a contentious new law, just hours after the Israeli parliament adopted the bill to retroactively legalize thousands of West Bank settlement homes built unlawfully on private Palestinian land. The explosive law, approved by lawmakers late on Monday, is the latest in ...

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Dubai fourth most visited city in world

  Dubai / WAM Dubai attracted 14.9 million overnight visitors in 2016, recording a healthy five percent increase over 2015, and an impressive four-year (2012-2016) compound annual growth rate or CAGR of eight percent since Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched the 2020 tourism strategy. According to the Department ...

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Trump’s $1trn plan may buy less metal than expected

  Bloomberg Anyone expecting more from the Donald Trump rally in metals should probably consider just how much $1 trillion in government spending will actually buy. That’s the amount the new US president pledged to expand and rebuild American infrastructure like roads and airports over the next decade. While Trump has yet to make a formal proposal to Congress, investors ...

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Fitbit faces probe into theft of Jawbone trade secrets

  Bloomberg Jawbone Inc. isn’t backing down in its legal fight with Fitbit Inc., asserting in a court filing that its rival is under investigation by a criminal grand jury for theft of trade secrets. The two pioneers in wearable activity trackers have been embroiled in legal battles since May 2015, when Jawbone accused Fitbit in a lawsuit of plundering ...

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Money outflow curbs worry China’s foreign investors

  Bloomberg China’s doors to foreign investors may be opening ever wider, but that’s not enough for many worried about finding an exit. Fourteen months after qualifying for official reserve-currency status, and after a series of steps opening up domestic markets to overseas funds, the take-up remains below estimates. For all China’s attraction as the second-largest economy with large and ...

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Hyundai merchant sees more losses on shipping industry glut

  Bloomberg Hyundai Merchant Marine Co., South Korea’s biggest sea carrier, said it will post losses through the first half of 2018 as the container-shipping industry attempts to recover from Hanjin Shipping Co.’s bankruptcy and years of excess capacity. As a hedge against adverse conditions plaguing shipping, Hyundai Merchant has initiated talks to invest in box terminals in Southeast Asia, ...

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