Bloomberg A new estimate showing that 14 million Americans could lose health coverage by next year under the GOP Obamacare-replacement plan leaves House Republicans in a bind with its dire picture of the bill’s effects heading into the 2018 congressional elections. Even as the Trump administration challenged the estimate from the Congressional Budget Office, several Senate Republicans said the ...
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Britain scraps tax plan, leaving budget hole and credibility to fix
Bloomberg UK Chancellor of the Exchequer Philip Hammond scrapped a plan to increase tax on the self-employed, after a storm of criticism from legislators in his own ruling Conservative Party. Hammond was accused of breaking a manifesto pledge not to hike national insurance contributions, made by the Tories before they won the 2015 election, when he announced the proposal ...
Read More »Canada’s Tucows bets on ‘mobile phone customers’
Bloomberg After a decade-long hibernation following the dot-com crash, Canada’s Tucows Ltd. is roaring back to life with an acquisition and a deepening effort to win over disgruntled US mobile phone customers. The Toronto-based internet services provider is the largest re-seller and manager of domain names after Scottsdale, Arizona-based GoDaddy Inc. Its customers are firms like Squarespace Inc. and ...
Read More »Audi raided by German prosecutors in diesel scandal fallout
Bloomberg Volkswagen AG’s Audi brand was raided by German prosecutors as investigations into the manipulation of diesel engines continue to weigh on the automaker more than a year after revelations of emissions cheating. More than 100 police took part in searches Wednesday at the company’s main sites in Ingolstadt and Neckarsulm as well as seven other locations across Germany. ...
Read More »Suicide bomber hits Damascus justice building, killing 30
DAMASCUS / AP A suicide bomber detonated his explosives’ vest inside the main judicial building in the Syrian capital on Wednesday, killing at least 30 people and wounding many others, state media said. The official news agency, SANA, said another suicide explosion struck a restaurant in Rabweh district of Damascus, leading to an identified number of casualties. The bombing ...
Read More »Hamdan launches ‘Dubai Post’
DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched ‘Dubai Post’, an interactive online community portal that uses smart technologies to provide unique audio-visual content. Sheikh Hamdan bin Mohammed highlighted the important role that media plays in the UAE’s comprehensive development efforts. He affirmed the ...
Read More »Sotheby’s opens Dubai gallery and office
DUBAI / WAM Sotheby’s, one of the world’s largest auction houses, has officially opened its Dubai gallery and office at Dubai International Financial Centre (DFIC), in the presence of Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Culture and Knowledge Development, and Essa Kazim, Governor of Dubai International Financial Centre (DIFC), alongside Sotheby’s President and CEO, Tad Smith, ...
Read More »wasl offers free stalls for Emirati small business owners
Dubai / Emirates Business wasl Asset Management, one of the largest real estate development and management companies in Dubai, announced the launch of wasl Karama Bazaar, which will provide free stalls for Emirati small business owners. The event will be hosted at the Karama Central Market within wasl buildings, and will run from March 16 until April 7 on ...
Read More »Abdullah, UN chief review Mideast developments
New York / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Antonio Guterres, Secretary-General of the United Nations, at the UN headquarters in New York. During their meeting, the two sides discussed aspects of joint cooperation and ways to strengthen and consolidate bilateral relations between the UAE and the United Nations ...
Read More »Sharjah Ruler unveils The Tale of the City in English in London
London / WAM HH Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has launched an English copy of his book “The Tale of the City,” which sheds lights on the arrival of the British and the fall of Constantinople. After signing the English version of the book, Sheikh Sultan Al Qasimi said that ...
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