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  Bloomberg The South Korean trial of Samsung heir Jay Y. Lee for alleged bribery took an unusual twist as prosecutors said the company tried to conceal its gift of a 1 billion won horse ($885,000) by exchanging it for another animal. Prosecutors disclosed a series of text messages, emails and memos among Lee’s lieutenants to support allegations Samsung Electronics ...

  Bloomberg The US stopped short of branding China a currency manipulator, but urged the world’s second-largest economy to let the yuan rise with market forces and embrace more trade. No major trading partner is manipulating its currency for an unfair trade advantage, according to the first foreign-currency report released by the Treasury Department under President Donald Trump. It kept ...

  Bloomberg Growth in Americans’ wages has been leveling off lately, contrary to expectations that a steadily falling jobless rate will quickly lead to a sustained acceleration. Blame it on dismal productivity and lingering, albeit diminishing, slack even with unemployment at an almost 10-year low of 4.5 percent. The government’s most recent jobs report showed the underemployment rate — the ...

  Bloomberg Uber Technologies Inc. isn’t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first time. Uber said its revenue growth is outpacing losses, hoping to show the business is on a strong trajectory as it attempts to address a recent cascade of scandals. The ride-hailing giant more than ...

  Bloomberg US banks reporting their first profits under Donald Trump’s presidency are showing a split: Wall Street businesses are faring far better than some of those serving Main Street. The nation’s two biggest trading firms — JPMorgan Chase & Co. and Citigroup Inc. — posted surprisingly strong revenue from buying and selling securities in the first quarter, when political ...

  Riyadh / WAM The workings of the second group of the UAE-KSA Joint Determination Retreat, organised by the UAE-Saudi Co-ordination Council, were launched in Riyadh on Thursday, with the attendance and participation of ministers, high officials and general managers from both countries. The retreat came from the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and his ...

  Dubai / WAM Crown Prince of Dubai and Chairman of Executive Council HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired on Thursday morning a meeting of the council at Emirates Tower, in the presence of Chairman of Dubai Civil Aviation and Chief Executive of Emirates Group H.H. Sheikh Ahmed bin Saeed Al Maktoum. The meeting reviewed various topics ...

  Bloomberg Relying on natural gas to fuel Europe’s second-largest economy was never going to be easy for the UK, even before Brexit. Britain’s once vast North Sea gas fields are fading, and even after a decade of trying, the island nation hasn’t replicated the fracking boom that turned the US into the world’s largest producer. Gas imports have jumped ...

  Bloomberg The view from the biggest coal plant in the US West is spectacular: red rock buttes and wide desert vistas that change color with the movement of the sun. Set against this backdrop, the station’s towering smoke stacks seem to disrupt the serenity of the landscape, its three concrete pillars spewing a perpetual stream of heat and gas. ...

  RAS AL KHAIMAH / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and initiates its domestic and overseas promotions, conducted a media and trade roadshow in India this week to outline its 2017 strategy for the Indian market. Visitors from India to the emirate in Q1 2017 grew 35 percent, while the ...