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French transport strikes to intensify as PM digs in on law

  Bloomberg French unions seeking to overturn an unpopular labor law are set to intensify their protests as the government shows no sign of giving in after a week of strikes and blockades caused gas stations in many regions of the country to run dry. By the end of this week, the national railroad, the Paris metro, ports and air ...

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Much of municipal solid waste collected is food

  Abu Dhabi / Emirates Business Initial findings from The Emirate of Abu Dhabi Waste Master Plan 2040’s Waste Characterisation Study indicate that a significant amount of Municipal Solid Waste is food. Estimations of food waste range from 35% to roughly 50% in some waste collection areas in the Emirate. The fieldwork for the Waste Characterisation Study was carried out ...

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UAE at the forefront of theme park trends

  RITIKA SHARMA / Emirates Business UAE has always been atop the list of countries that are home to exciting theme parks and unmatchable thrill rides. The country is leading the way in growth of the theme-based entertainment industry, as Euromionitor report reveals that revenue from the sector is expected to reach US$837 million by 2019, with new parks on ...

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TRA discusses telecom tie-ups

  Abu Dhabi / Emirates Business A high-level delegation from the UAE Telecommunications Regulatory Authority (TRA) held discussions during its participation at the recently concluded 27th meeting of the GCC Committee for Undersecretaries of Post and Telecommunications, in Riyadh. Topics covered partnerships in the telecommunications sector especially the recommendations issued by the Secretariat General regarding Post Office Agents Association and ...

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Chinese railway giant to raise US$1.8bn in share sale

  Shanghai / Bloomberg CRRC Corp., China’s only maker of high-speed locomotives, plans to raise as much as 12 billion yuan ($1.8 billion) in a private share sale in Shanghai to repay debt and to help finance its daily operations. The company’s board has approved the sale of as many as 1.39 billion yuan-denominated. A shares at 8.66 yuan apiece, ...

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Bayer closes in on financing banks for USA’s Monsanto bid

  Bloomberg Bayer AG is close to choosing banks to arrange funds for its proposed acquisition of Monsanto Co., according to people familiar with the matter, after the U.S. company rejected the initial $62 billion bid as too low and sought reassurances on the potential financing. Bayer will probably raise more than $40 billion in short-term bridge financing and most ...

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Brexit threat has Euro outsider Denmark preparing for worst

  Bloomberg The risk of a British exit from the European Union has the government in Denmark, an EU member that hasn’t adopted the euro, preparing for the worst. While most polls suggest U.K. voters probably won’t back a so-called Brexit, the June 23 referendum on whether to stay or go still threatens to cause disruption on a scale that ...

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We have started planning our economy away from oil trade

  ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, stressed that the strong and active presence of the UAE’s diplomacy in the regional and international arenas in terms of hosting numerous international agencies and conferences, as well as its active participation in international efforts to fight terrorism and ...

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UAE, Kosovo ink taxation, investment deals

  Pristina / WAM UAE, represented by the Ministry of Finance (MoF), signed two final agreements on avoidance of double taxation on income and the protection and promotion of investment with the Republic of Kosovo. The signing ceremony took place in the capital Pristina during an official visit of the UAE delegation headed by Younis Haji Al Khoori, Under-Secretary of MoF ...

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US presidential race shows deep seated strife towards minorities

  WASHINGTON / AP It started with Mexicans being publicly accused by presidential candidate Donald Trump of being criminals and rapists. It escalated to ejections, to sucker punches, to pepper spray. And now violence and strife seems to be a commonplace occurrence out on the campaign trail. As the 2016 presidential campaign turns toward the rapidly diversifying West, it has ...

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