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HBMSU receives Pearson recognition for ‘Smart Training Model’

  Dubai / Emirates Business Under the unlimited support of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of Hamdan Bin Mohammed Smart University (HBMSU), and the close follow up of the Board of Trustees, the university has received Pearson recognition in education. The achievement complements HBMSU’s leadership in driving innovation, creativity and ...

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‘UK might deploy fiscal stimulus in autumn’

  Chengdu / AFP Britain could unleash a government stimulus package this autumn to counter the negative effects of its vote to leave the European Union, its finance minister said Sunday. “We have the option of a fiscal response, and we will do that on our normal timetable around the autumn statement,” Philip Hammond told reporters on the sidelines of ...

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Hershey trust reaches tentative deal to reform its governance

  Bloomberg Hershey Trust Co., the $12 billion charity that controls the Hershey chocolate company, reached a tentative agreement with the Pennsylvania attorney general, a move that would reform the governance practices of the controversial organization. “We have reached an agreement in principle and are working on the final details in productive discussions with the office of the attorney general,” ...

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EU should suspend funds for Spain, Portugal: Letter

  Brussels / AFP The EU should suspend structural funds to Spain and Portugal after they failed to rein in their debt, according to a letter from the European Commission seen by AFP on Saturday. Eurozone finance ministers agreed this month to impose unprecedented sanctions against Spain & Portugal for overstepping the bloc’s budget deficit limits. The penalties would be ...

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Turkey sets up inner cabinet to oversee emergency rule

  Istanbul / Bloomberg Turkey’s government is setting up an inner cabinet to oversee the implementation of the state of emergency it declared after last week’s botched coup, ramping up the effort to purge the influence of its accused mastermind from all walks of Turkish life. Prime Minister Binali Yildirim will chair the council composed of ministers including justice, interior, ...

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Nepal’s Oli quits as PM ahead of trust vote

  Kathmandu / AFP Nepal’s K.P. Sharma Oli resigned as prime minister on Sunday, minutes before facing a no-confidence motion in parliament he was certain to lose, plunging the impoverished nation into fresh turmoil. His political rivals, former Maoist rebels, called for the vote against Oli after they deserted his fragile ruling coalition, accusing him of reneging on past deals and ...

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