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BMW reviewing UK plant options amid trade threats

  Bloomberg BMW AG said it’s reviewing its factories in the UK ahead of Brexit and that it has the flexibility to move production elsewhere if necessary. The Munich-based manufacturer, which makes vehicles for its Mini brand in Oxford, Rolls-Royces in Goodwood and engines in Hams Hall, is preparing for “different scenarios” once the UK leaves the European Union, BMW ...

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Canada seeks to avoid Brexit cliff-edge with trade talks

  Bloomberg Canada wants to avoid a Brexit cliff-edge too. The government is pushing for its trade deal with Europe to be ratified by Britain before it leaves the European Union to secure the crucial agreement. It also has its eye on deeper relations with the UK once Brexit is complete. Canada wants to preserve any preferential access that businesses ...

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Alexa-Siri fight moves to Marriott hotel rooms

  Bloomberg Amazon.com Inc.’s battle with Apple Inc. over digital assistants is moving to a new venue: hotel rooms, where Alexa and Siri are both vying to be the voice-controlled platform of choice for travellers. Marriott International Inc., the world’s biggest lodging company, is testing devices from the two tech giants at its Aloft hotel in Boston’s Seaport district to ...

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Curry turning sour!

  BOSTON / AP Mohammed-Faizul Haque makes it all look so easy. To a pan full of sizzling chicken he adds a ladle of orangey base sauce and then lemon, sending flames shooting up. He reaches to a line of vessels for pinches of cumin, coriander, salt, chili and garlic, the feel of the ingredients between his fingers as his ...

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UAE margin trading finance hits all-time high of AED31 billion

  ABU DHABI / WAM The value of margin trading finance on Abu Dhabi and Dubai Security Exchange Markets hit AED31 billion in January and February 2017, an all-time-high since the inception of margin trading in 2008. The growth in the service’s financial value during the two months account for 37.3% of the total facilitations provided by licensed brokerage companies ...

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Dubai economy remains buoyant despite challenges

  DUBAI / WAM The Emirate of Dubai continues to show growing levels of buoyancy in different business sectors, boasting growing demand and increasing returns thanks to its highly sophisticated industrial base and rising foreign investment quotas for its property and financial markets. The impressive economic success story, according to recent business reports, is attributed to a number of factors, ...

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Nakheel awards AED184mn contract for Ibn Battuta hotel

  DUBAI / WAM Nakheel Properties awarded a construction contract worth AED184.5 million for a second hotel at the Ibn Battuta Mall in Dubai. Dubai-based Parkway International Contracting has been appointed to build the 375-room hotel, which has a total project value of AED240 million. It forms part of Nakheel’s AED3 billion hospitality expansion under which the developer is bringing ...

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FBI chief confirms Russia inquiry, rejects Trump wiretap claims

  Bloomberg FBI Director James Comey confirmed the bureau is probing potential ties between President Donald Trump’s associates and Russia during the 2016 campaign and said there’s no evidence to support the president’s allegation that his predecessor “wiretapped” Trump Tower last year. “I have no information that supports those tweets and we have looked carefully inside the FBI,” Comey told ...

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