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  Bloomberg Australia could be stripped of its top credit score by S&P Global Ratings as early as next month if the government’s interim budget review shows further deterioration, according to BlackRock Inc. The mid-year economic and fiscal outlook, which for the past three years has been delivered in December, could be a “catalyst” for the country to lose its ...

  Bloomberg Hong Kong Chief Executive Leung Chun-ying is taking additional steps to cool the world’s costliest property market, where prices have rebounded after a short-lived dip. The government raised the stamp duty to 15 percent for all residential purchases except for first-time buyers who are permanent residents. Until now, the highest levy for residents was 8.5 percent, while foreigners ...

  Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCDTA) will continue to build stronger ties in the European markets through its participation in the World Travel Market (WTM) 2016. Being held in London from November 7-9, the World Travel Market is the leading event for the travel and tourism industry globally. The UK remains a key opportunity for ...

  Dubai / Emirates Business The development of electric, autonomous, and connected vehicles in the Gulf Cooperation Council (GCC) will be in sharp focus at a conference and exhibition in Dubai this month, as the Emirate’s government takes a lead role in the future of regional mobility. The 2nd International Conference on Future Mobility, to be held from November 14-15 ...

  Abu Dhabi / Emirates Business A new study by the NYU Abu Dhabi Public Health Research Center revealed that smoking shisha at home exposes children and non-smokers in the home to even more harmful pollutants than secondhand smoke from cigarettes. Air pollution was studied in 33 homes in the United Arab Emirates: 11 where only shisha was smoked, 12 ...

  Dubai / Emirates Business The Global Manufacturing and Industrialisation Summit (GMIS) has underscored its role as a facilitator and global promoter of manufacturing activities by signing a pact with the Polish Chamber of Commerce to strengthen manufacturing links between Poland and the global community. GMIS, which will be held in the UAE’s capital, Abu Dhabi, in March 2017, is ...

  Dubai / Emirates Business In a survey conducted by VIS, the organisers of Middle East Cleaning Technology Week (MECTW) UAE residents have their vehicles professionally cleaned on average three times a month. Emiratis on average have their automobiles cleaned four to five time a month. With the average cost of cleaning a car varying from AED 35 to AED ...

  Bloomberg India has backed a multi-tier national tax regime that even in its not-so-perfect form will be a game-changer for Prime Minister Narendra Modi, who is trying to revive manufacturing and boost foreign investment in the world’s fastest growing major economy. Moving away from the ‘one market, one rate’ tax model, the Goods and Services Tax Council decided on ...

  AFP Ousted Thai PM Yingluck Shinawatra doled out sacks of rice to hundreds of star-struck shoppers on Saturday, in her latest move to outshine junta efforts to support farmers hit by a price plunge. Tumbling rice prices have spread anguish across Thailand’s rural heartlands and sent the junta scrambling to roll out rescue packages and head off potential unrest. ...

  Bloomberg NetSuite Inc. shareholders endorsed Oracle Corp.’s bid for the software provider, clearing the path for the $9 billion acquisition after weeks of conflict between a large investor and executives over the price tag. The deal received approval from 53 percent, or 21.78 million shares, of NetSuite stockholders that were eligible to endorse the bid, Oracle said in a ...