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September 1, 2018 Local News
Abu Dhabi / WAM Under Salamt Zadkom Initiative, the Abu Dhabi Food Control Authority (ADFCA) has opened registration in a course to train housewives and housemaids on basics of food safety. As part of its initiatives being held during the Year of Zayed, the course is set to be offered by eight accredited training institutes specializing in preparing housewives for ...
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September 1, 2018 Regional News
Bloomberg PetroChina Co. is rewarding shareholders with a higher — and symbolic — payout after its best half-year profit in more than three years. The nation’s biggest oil and gas producer raised total dividends for the first six months by almost one-third to 0.0888 yuan per share. The lucky payout — eight is widely considered an auspicious number in China ...
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September 1, 2018 Energy
Bloomberg California isn’t ready yet to give up autonomy when it comes to its electric grid. State lawmakers declined to advance legislation that would have laid the groundwork to connect California’s grid to as many as 13 other states. Under the measure, a multi-state regional authority would have managed the flow of power across the U.S. West, allowing more electricity ...
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September 1, 2018 Regional News
Bloomberg Penn Virginia Corp. has reached out to potential buyers including Hilcorp Energy Co. and WildHorse Resource Development Corp. ahead of a sale process slated to start next month, according to people familiar with the matter. The Houston, Texas-based company will open a data room and solicit initial bids in September, said the people, who asked to not be identified ...
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September 1, 2018 International News, Uncategorized
Bloomberg Ford Motor Co. is canceling plans to import a new crossover model from a plant in China after President Donald Trump’s tariffs undermined the business case for bringing the vehicle to the US market. Trump’s move to slap China-built autos with an additional 25 percent levy in July undermined the profitability of the Focus Active that Ford planned to ...
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September 1, 2018 International News
Bloomberg The opening of the Elizabeth Line, the 15 billion-pound ($19.5 billion) London railway that will connect Heathrow Airport to Canary Wharf, has been delayed by at least nine months to allow for more safety testing. The start date for the initial phase of service, previously set for December, has been moved to autumn 2019, the line’s builder said. Construction ...
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September 1, 2018 International News
Bloomberg The breadth of wealth inequality in the UK was laid bare in new analysis published on Saturday. While the divide is most pronounced in London, where richer households are now 24 times wealthier than poorer ones, other regions have experienced a similar trend since the global financial crisis, according to the Resolution Foundation. The value of household assets such ...
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September 1, 2018 International News, Uncategorized
Bloomberg The European Union should scrap twice-yearly time changes and keep its clocks on what is currently summertime, said the bloc’s executive arm. On August 31, the European Commission unveiled the results of a public consultation on the merits of the decades-old practice of capitalising on natural daylight by putting clocks forward by 60 minutes between late March and late ...
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September 1, 2018 International News
Bloomberg Uber Technologies Inc. and its former Chief Executive Officer Travis Kalanick defeated a lawsuit claiming the company swept illicit business practices under the rug that cost investors billions of dollars. US District Judge Haywood S. Gilliam Jr. in Oakland, California, agreed with Uber’s and Kalanick’s bid to toss the class-action claims by a Texas city’s firefighter pension fund while ...
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September 1, 2018 International News, Uncategorized
Bloomberg Salesforce.com Inc. shares fell after the maker of cloud-based software gave a disappointing profit forecast and reported a closely watched sales metric that failed to satisfy Wall Street’s lofty expectations. Profit, excluding certain items, will be as much as 50 cents a share in the current quarter, the San Francisco-based company said. That compared with analysts’ average estimate of ...
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