Bloomberg The European Central Bank’s first home in Frankfurt — the iconic Eurotower — has been acquired by Fubon Life Insurance Co. It’s the Taiwanese company’s first deal in Germany. The office building, one of the most recognisable towers in the city’s financial district, served as the ECB’s headquarters until 2015 and is regarded as the birthplace of the euro. ...

Bloomberg Next year is shaping up to be another tough one for Nomura Holdings Inc’s employees in Europe, with more job losses likely as the Japanese securities firm shifts business away from the region to more profitable centers in Asia and the US. Japan’s biggest investment bank needs to cut staff while finding ways to spur revenue in the region, ...

Bloomberg India’s new rules for foreign e-commerce platforms may be designed to protect local companies from Amazon.com Inc. and Walmart Inc., but consumers are likely to suffer the collateral damage. Online marketplaces must treat all vendors equally by providing the same terms, India’s trade ministry said. In practice, this means barring e-commerce companies from forcing a seller to feature products ...

Bloomberg Vinci SA is doubling down on budget travel with the $3.7 billion purchase of a controlling stake in Gatwick Airport. London’s second-busiest hub has more than tripled in value since it was bought by Global Infrastructure Partners for about 1.5 billion pounds ($1.9 billion) in 2009, mainly because of the surge in low-cost tourism. The skies looked very different ...

Bloomberg Sears Holdings Corp. got another chance at survival after Chairman Eddie Lampert put together a last-minute, last-ditch bid to buy the retailer out of bankruptcy. Lampert persuaded three lenders to finance the $4.4 billion offer, according to a statement from ESL Investments. The plan includes keeping 425 stores open and a $1.3 billion financing commitment, the statement said. Bank ...

ABU DHABI / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised his pride of the triumphant journey of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in service to the Homeland. This came ...

Bloomberg President Donald Trump said on Saturday that he’d spoken at length with Chinese President Xi Jinping and that “big progress” is being made towards a deal between the world’s largest economies. The agreement will be “very comprehensive” and will cover “all subjects, areas and points of dispute,” the president said in a tweet. Trump’s comment comes as a US ...

DUBAI / WAM The Dubai Islamic Economy Development Centre (DIEDC), and Bosna Bank International (BBI), have agreed to foster collaboration between Dubai and Bosnia and Herzegovina in developing the Islamic economy sectors, and strengthening cooperation between the two markets by leveraging the knowledge and expertise of DIEDC and its stakeholders. This was stated after Abdulla Al Awar, CEO of Dubai ...

ABU DHABi / WAM The United Arab Emirates has condemned the terrorist bomb attack that hit a tourist bus on Friday near the Giza Pyramids, in Egypt. A reported four civilians were killed in the roadside bomb attack, wounding 11 others. In a statement, the Ministry of Foreign Affairs and International Cooperation (MOFAIC), said that the UAE strongly condemns these ...

DUBAI WAM Highlighting the importance of accompanying transformations in the Arab region through strong education systems, the United Arab Emirates and Unesco Emirates have signed an agreement that renewed the Regional Centre for Educational Planning’s special relationship with Unesco. Based in Sharjah, this Centre under the auspices of Unesco has trained over educational planners and managers over the years and ...