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‘Dubai’s $1bn indoor park to break even in first year’

  DUBAI / Reuters A $1 billion Dubai indoor theme park built by a local family conglomerate will break even in its first year of operation, the company said, dismissing concerns that the city is headed for a glut of entertainment attractions. IMG Worlds of Adventure, which owners Ilyas and Mustafa Galadari Group (IMG Group) predict will be the world’s ...

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BHS collapse: 11,000 jobs at stake as retailer goes into administration

  Bloomberg BHS Group Ltd. expects to enter administration, a company representative said on Monday, putting 11,000 jobs at risk in what would be the biggest U.K. retail collapse since Woolworths Group Plc in 2008. Advisory firm Duff & Phelps is working with the store owner on the administration, a form of insolvency protection, he said. BHS, which opened its ...

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TOWARDS DRIVERLESS FUTURE

  Beijing, China / AFP Chinese manufacturers and Internet giants are in hot pursuit of their US counterparts in the race to design driverless cars, but the route to market is still littered with potholes. While Google has been working on autonomous vehicles for at least six years, with the likes of BMW, Volvo and Toyota in its wake, more recently ...

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