Sunday , 5 April 2026

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KwB launches social media contest

  Sharjah / Emirates Business Knowledge without Borders (KwB), the Sharjah-based cultural initiative which provided more than 2 million free books to the Emirate’s residents with its ‘Home Library’ project, launched a photo-focussed social media competition where two winners are given an ipad every day until February 1. Called ‘My Home Library’, entrants should take the most creative photos of …

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SAP raises targets for 2020 with increase in customers

  Bloomberg SAP SE raised its targets for 2020 as customers bought its latest suite of applications at a faster pace, and Chief Executive Officer Bill McDermott — a fan of Donald Trump’s “The Art of the Deal,” — said he wouldn’t “lay off the accelerator” on acquisitions, engineering investment or a potential share buyback. The updated outlook, on top …

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French economy accelerates as services outpace manufacturing

  Bloomberg Economic momentum in France accelerated to the strongest in more than five years in January, data by IHS Markit show. A Purchasing Managers’ Index for manufacturing and services rose to 53.8 from 53.1 in December, the London-based company said in a statement on Tuesday. That’s above the 53.2 median estimate in a Bloomberg survey and the highest since …

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De Beers gets biggest diamond sale in a year

  Bloomberg De Beers had its biggest diamond sale in at least a year as the gem industry restocked after the key holiday period. The company, owned by Anglo American Plc, sold $720 million of diamonds in its first sale of the year, compared with $545 million at last year’s January offering, it said in a statement. The world’s biggest …

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UK offshore wind cheapest future large-scale energy

  Bloomberg UK offshore wind power is on target to become the cheapest source of large-scale clean energy, surpassing the government-mandated price target four years early. The levelized cost of energy for offshore wind — a benchmark measuring affordability over the lifetime of generation assets — dropped below 100 pounds a megawatt-hour in 2016, according to a report by UK’s …

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United Kingdom’s threat to weaponize tax is no bluff

  The UK government is threatening to give its post-Brexit economy a shot in the arm by reducing corporate taxes to become a sort of “Singapore-on-Thames,” a tax haven on the perimeter of the European Union. EU officials are dismissive of the idea; but they may be whistling past a graveyard. At a rate of 20 percent, the UK currently …

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Snapchat prepares for its close-up

  Snapchat isn’t a public company yet, but it is already making its first smart move to divert the scrutiny of pesky public stockholders. Sure, there’s parent company Snap Inc.’s decision to bring in a new set of stock owners that won’t have even the appearance of a say in how the company operates. A potentially bigger deal is Snapchat’s …

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China’s middlemen aren’t dead yet

  This could be Li & Fung Ltd.’s (very slim) chance to shine. Donald Trump on Monday officially quashed the Asia-Pacific free trade pact that would have made it cheaper for US companies to import goods from countries such as Vietnam and Japan. He has also threatened to institute a 45 percent tariff on goods imported from China. Conventional wisdom …

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