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  Bloomberg Britain’s new Brexit Czar argued this week that negotiations on the U.K.’s withdrawal from the European Union could begin around the end of this year, with December 2018 a probable date for departure. Appointed late on Wednesday by Prime Minister Theresa May, David Davis will now be Secretary of State for Exiting the European Union having campaigned to ...

Bloomberg Democrats are courting progressive-minded Americans by calling for a tax on Wall Street trades. If the party succeeds, the mom-and-pop investors they’re wooing could bear the brunt. The party supports a financial transaction tax to reign in “excessive speculation” and fast traders that have “threatened financial markets.” Small investors would probably see an increase in the cost to buy ...

  Beirut / AFP Syrian President Bashar al-Assad said on Thursday he has never faced pressure from Russia to step aside, as US Secretary of State John Kerry headed to Moscow seeking to revive stalled peace efforts. Speaking to NBC News in Damascus, Assad insisted his Russian counterpart Vladimir Putin and Foreign Minister Sergei Lavrov had never raised the issue ...

  ALKESH SHARMA / Emirates Business Radio industry, which was once considered a dud medium of entertainment, is now growing significantly in the UAE. The Emirates has emerged as one of the most refined radio markets in the Middle East and North Africa (MENA) region and has, by far, the highest number radio stations in this part of the world. ...

  Dubai / Emirates Business While the property market appears to be simultaneously booming and crashing, depending on which statistic you follow, or which article you read, one source reports a remarkable increase in the property market arena. compareit4me.com, the region’s leading finance comparison site, has confirmed that mortgage enquiries have rocketed from January 2015 to April 2016. According to ...

  Bloomberg India’s biggest IT sourcing firm Tata Consultancy Services reported better-than-expected quarterly earnings on Thursday, boosted by rising demand for its cloud computing services. The firm, based in India’s financial capital Mumbai, said net profit for the three months to June 30 rose to 63.17 billion rupees ($944 million) from 57.09 billion rupees for the same period a year ...

  Bloomberg Hyundai Merchant Marine Co will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after years of weak global demand caused losses. It will join a grouping known as 2M starting April next year, the Seoul-based company said in an e-mailed statement on Thursday. The group, led by ...

  RITIKA SHARMA / Emirates Business Taking strides towards a knowledge-based economy, UAE has set an example in finance technology (FinTech). Experts claim that the pace at which UAE is embracing latest technology in financial sector, it is already the ‘most developed’ nation in the Middle East in terms of global shift in payment methods. Factors such as high smartphone ...

  Dubai / Emirates Business Emaar Properties PJSC will mark the launch of an exclusive collection of elegantly designed homes in Dubai Hills Estate today. A green city within the city, the 11 million sq m Dubai Hills Estate is set to welcome its first residents later this year, ensuring that customers into the new mid-rise tower become part of ...

  Farnborough / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing company wholly owned by Mubadala Development Company, announced that it has been awarded two contracts to manufacture additional composite components and completed major assemblies for Airbus. The combined deals, valued at more than US$1 billion, will see Strata become a source for Airbus A320 Horizontal Tail Plane (HTP) and A350-900 ...