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Turkey govt ready for Syria ground operation with allies

Bloomberg Turkey said on Tuesday it wanted a ground operation in neighbouring Syria with its international allies, as a UN envoy held talks in Damascus aimed at saving a troubled ceasefire plan. Tensions escalated over Russia’s air war in support of Syrian President Bashar Al Assad, with Ankara branding it “vile, cruel and barbaric” and EU President Donald Tusk saying ...

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Cameron’s ‘Brexit’ diplomacy revives 2011 banking spat

Bloomberg When British Prime Minister David Cameron rushed to Paris late on Monday to lobby the French leader over safeguards for London’s banks, the latest in a long line of disputes between the two countries had been five years in the making. French President Francois Hollande is leading a group of euro-area countries unhappy with U.K. demands to shield its ...

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Oil rebounds, Asia stocks go up

Hong Kong/ AFP Asian markets extended their rally on Tuesday as hopes were raised that major oil exporters Russia and Saudi Arabia could agree action to ease a global supply glut, and authorities will step in to boost growth in major economies. Gains on European markets also gave investors confidence to buy again as Shanghai surged more than three percent ...

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VP receives credentials of new envoys

Abu Dhabi / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has received the credentials of new ambassadors of fraternal and friendly countries, at Mushrif Palace in Abu Dhabi. Present were H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, H.H. Lt. General Sheikh Saif bin ...

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‘Brexit’ pain for Europe gives Cameron edge in crucial week

Bloomberg Prime Minister David Cameron enters the final week of negotiations over Britain’s future in the European Union with a message for his continental counterparts: “Brexit” would hurt you too. The argument that the 28-nation bloc would be weaker without its second-biggest economy gives Cameron leverage as he closes in on a deal to reset the UK’s terms of membership ...

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Turkish assets buck global rally as violence flares on border

Bloomberg Turkish stocks declined the most in the world and the lira slid after an eruption of violence on the border with Syria triggered concern security risks were escalating. The Borsa Istanbul 100 Index fell 1.5 percent, the most among more than 90 gauges tracked globally by Bloomberg. The currency had the biggest decline in a week as Turkish artillery ...

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Democrats push for vote as ‘Supreme Court fight’ grows

Bloomberg Democrats pushed for Congress to vote upon a Supreme Court nominee from President Barack Obama, sharpening a fight with Republican leaders who said they won’t consider a replacement for Justice Antonin Scalia until after the 2016 election. Presidential candidate Hillary Clinton, in a Twitter message, said Obama will occupy the White House until January. “It’s his job to nominate ...

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Sultan attends ICDDT and Biotech Congress

DUBAI / WAM H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Monday attended the inaugural session of the 7th International Conference on Drug Discovery and Therapy (ICDDT) and 4th Biotechnology World Congress, BWC, at the College of Medicine and Health Sciences, University of Sharjah. Held under the patronage of H.H. the Ruler ...

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Technocrats in region to discuss cyber security

ALKESH SHARMA / Emirates Business Cyber security is one of the most important propositions for all industries. A slight error or complacency could cost billions to the corporates. A recent survey by a leading consultant company has revealed that firms in UAE usually take two weeks to a month to recover from any cyber-attack and Emirates is on the list ...

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EU steel workers protest against Chinese imports

Bloomberg European Union industries led by the steel sector mobilized thousands of people for a march in Brussels to warn about job losses from Chinese competition, seeking to persuade EU policy makers to retain a full arsenal of import tariffs. The demonstration in the heart of the EU quarter on Monday sought to dissuade the bloc from recognizing China as ...

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