Shanghai / AFP The Magic Kingdom comes to the Middle Kingdom this week when Disney opens its first theme park in mainland China, betting the growing middle class will spend big on leisure despite a slowing economy. The $5.5 billion resort, which opens on Thursday, features the world’s biggest Disney castle, its blue-topped spires rising above land once occupied by ...

  Our Correspondent / Emirates Business Citymax Hotels is part of the hospitality division of Landmark Group, with six hotels located in prime locations in Al Barsha, Business Bay, Bur Dubai, Sharjah and Ras Al Khaimah. The mid-market group of hotels is a much favoured and popular choice offering award-winning hospitality at extraordinary value. Located in close proximity to major ...

  Our Correspondent EMIRATES BUSINESS A specialist of technical watches, Breitling has played a crucial role in the development of the wrist chronograph and is a leader in this complication. The firm has shared all the finest moments in the conquest of the skies thanks to its sturdy, reliable and high-performance instruments. One of the world’s only major watch brands ...

  Bloomberg Britain appeared to be on course to leave the EU, with four polls from three companies putting the ‘Leave’ campaign ahead of ‘Remain.’ The pound and European stocks plunged on Tuesday with just nine days of campaigning left before the June 23 referendum. After a series of new polls on Monday put “Leave” ahead, the day’s final blow ...

  Bloomberg The pound fell toward a two-month low as concern grew that the U.K. will leave the European Union. Sterling declined against all but two of its 16 major counterparts as four polls from three companies put the “Leave” campaign ahead and the Sun, Britain’s biggest-selling newspaper, backed a Brexit on its front page. A gauge of the pound’s ...

  Bloomberg Investors contemplating how London could look outside the European Union have already identified some potential victims: fast-growing British lenders that might have to face their first economic downturn as public companies. Billionaire Richard Branson’s Virgin Money Holdings UK Plc and small lenders like OneSavings Bank Plc have ridden the recovering economy of recent years to help them win ...

  Bloomberg Daetwyler Holding AG, a Swiss provider of engineering and industrial parts, agreed to buy Premier Farnell Plc of the U.K. for £615 mn ($871 million) in a deal aimed at consolidating the fragmented European market for electronic-component distribution. Investors will get 165 pence in cash for each Premier Farnell share, the company said in a statement on Tuesday. ...

  Bloomberg France is set to continue the quick pace of wheat exports into next season, with low freight rates and large stockpiles helping increase overseas sales, according to the nation’s largest grain cooperatives. Shipments will probably start earlier than last year and exports to unusual destinations including countries in Asia will continue, Philippe de Raynal, chief executive officer of ...

  Bloomberg Swedish inflation slowed more than estimated in May, adding pressure on the central bank to expand its unprecedented stimulus measures at its meeting next month. Consumer prices rose an annual 0.6 percent in May, compared with 0.8 percent the prior month, Statistics Sweden said in a statement on Tuesday. The Riksbank and analysts surveyed by Bloomberg estimated inflation ...

  Bloomberg GAM Holding AG said first-half profit will probably fall by half after performance fees at the Swiss asset manager dried up. Underlying profit before and after tax is expected to decline by about 50 percent from a year earlier, the Zurich-based company said in a statement on Tuesday. Performance commissions will probably tumble to 1 million Swiss francs ...