Bloomberg Brexit has already damaged businesses even before Prime Minister Theresa May triggers the start of Britain’s withdrawal from the European Union, according to a survey of the country’s largest companies. More than half — 58 percent — of the top executives at Britain’s biggest firms that responded to the Ipsos MORI “Captains of Industry” poll said the vote ...

  Bloomberg German factory orders rose the most in two and a half years in December amid a surge in investment-goods demand, suggesting that the strong run of Europe’s largest economy at the end of the year is set to continue. Orders, adjusted for seasonal swings and inflation, gained 5.2 percent from November, when they fell a revised 3.6 percent, ...

  Bloomberg Middle East investors, benefiting from a weak pound and rising oil prices, increased their spending in UK commercial property even as Brexit prompted buyers from every other region to shrink their spending. Investors from the region accounted for 24 percent of all overseas acquisitions in the fourth quarter compared with 10 percent a year earlier, according to data ...

  Bloomberg Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late on Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society. The companies ...

  Bloomberg Toyota Motor Corp. raised its full-year forecasts — albeit falling short of analysts’ estimates — as the carmaker sought to navigate rising protectionism under US President Donald Trump and as the yen’s volatility weighed on prospects for exports of its Prius and Lexus models. Operating profit will probably be 1.85 trillion yen ($16.4 billion) in the year through ...

  WASHINGTON / AP Even before George Jetson entranced kids with his cartoon flying car, people dreamed of soaring above traffic congestion. Inventors and entrepreneurs have long tried and failed to make the dream a reality, but that may be changing. Nearly a dozen companies around the globe, including some with deep pockets such as European aircraft maker Airbus, are ...

  Richard Agnew / special to Emirates Business Hybrid cloud is set to be one of the biggest, most valuable technology opportunities for enterprises in UAE in 2017 and looking ahead over the next few years. To take advantage of this opportunity enterprises must apply the same principles they utilise in maintaining multiple data centres to data storage in the ...

  Bloomberg Chinese smartphone brands Oppo and Huawei are tightening their grip on the world’s largest market, grabbing local share and squeezing out Apple Inc. and Samsung Electronics Co. After including Vivo, Chinese vendors held the top three slots and accounted for 48 percent of shipments in the country during 2016, research firm IDC said. With a line-up of flexible- ...

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that margin trading financing reached AED15.2 billion in 2016, representing 15.4 percent of the total trading value (buy and sell), which amounted to AED98 billion. The increase in the value of this trading is due to the increased number of brokerage companies that offer this service reaching 33 out ...

  DUBAI / WAM Asia and the Middle East have the largest selection of freight and urban transport projects in the world with more than $642 billion worth of planned railway investments, according to a report. According to a report by Terrapinn Middle East in collaboration Ventures ONSITE, the value of total GCC rail projects in pipeline stands at over ...