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  Bloomberg The euro area’s accelerating economy is translating into faster job creation and stronger inflation pressures. A key gauge of activity rose to a near six-year high in March, and employment increased the most since July 2007, with hiring picking up both in services and manufacturing. The jump in the headline IHS Markit Purchasing Managers Index compared with economists’ ...

  Bloomberg Fitbit Inc. is headed toward a trial over claims it stole rival Jawbone Inc.’s trade secrets, after failing to persuade a judge to throw the case out. A California state judge has rejected Fitbit’s argument that the lawsuit is merely an attempt to rehash claims that were already analyzed and rejected by the US International Trade Commission in ...

  WASHINGTON / WAM The UAE appreciates the United States administration’s clear policy against extremism and terrorism, and its understanding of relevant regional consequences, said Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs. ”The war against terrorism requires concerted, united and focussed efforts and co-operation from both countries and civilised communities,” Dr. Gargash said in an intervention during ...

  Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) headed to Moscow from Berlin to continue promoting international travel to the emirate. The Authority is heading a delegation, which includes key representatives from Sharjah tourism and travel players, to Moscow International Trade and Tourism, MITT, Russia’s leading and largest travel exhibition and one of the five largest exhibitions ...

  ABU DHABI / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) announced that preparations for Mother of the Nation Festival are in their final stages. The Festival will open its doors from 4pm until midnight on Sunday March 26 and run daily until April 4 on Abu Dhabi Corniche. The Festival will offer four diverse activity zones ...

  Bloomberg Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now depends partly on ...

  Bloomberg Creditors of India’s largest paper maker Ballarpur Industries Ltd. may face costly unintended consequences from punitive US duties on some of the company’s Asian competitors. Ballarpur invested heavily in recent years to modernize its production facilities, and now may not be able to avoid defaulting on its debts, Fitch Ratings Ltd. said. The imposition by the US of ...

  WASHINGTON / AP US Treasury Department agents have recently obtained information about offshore financial transactions involving President Donald Trump’s former campaign chairman, Paul Manafort, as part of a federal anti-corruption probe into his work in Eastern Europe, The Associated Press has learned. Information about Manafort’s transactions was turned over earlier this year to US agents working in the Treasury ...

  Bloomberg Daewoo Shipbuilding & Marine Engineering Co. could receive another lifeline from lenders as the world’s biggest shipbuilder needs cash to complete work on pending orders to stay afloat. Korea Development Bank and Export-Import Bank of Korea will provide 2.9 trillion won ($2.6 billion) in additional loans and swap about 1.6 trillion won of debt to equity, Korea Development ...

  Bloomberg It may be one of the smallest economies in Asia, but Vietnam is among those leading the infrastructure race. Vietnam’s public and private sector infrastructure investment averaged 5.7 percent of gross domestic product in recent years, the highest in Southeast Asia and compares with 6.8 percent in China, according to the Asian Development Bank. Indonesia and the Philippines ...