Bloomberg Foxtons Group Plc forecast lower 2016 revenue and profit as the U.K.’s decision to leave the European Union prolongs uncertainty in London’s residential property market. The shares fell to the lowest since the company’s stock-market debut. Earnings will fall significantly from a year earlier as “challenging conditions” hurt sales volumes, the London-based property broker said in a statement ...

  EMIRATES BUSINESS Crystal Lagoons, the multinational innovation company and developer of patented technology that makes giant crystalline lagoons a reality, has tallied up its current activity in the Middle East, North Africa and South Asia (MENASA) projects, revealing a presence in real estate developments worth a staggering US$20 billion. “We have developed our patented technology and proven business model ...

  Beijing / Bloomberg China’s second- and sixth-largest steelmakers by output have entered restructuring talks, which analysts say could presage a merger that would create the nation’s biggest mill, and a company with the scale to rival the likes of ArcelorMittal SA. Trading was suspended in the listed units of state-run Shanghai Baosteel Group Corp. and Wuhan Iron & Steel ...

  New Delhi / Tribune News Service Asean countries will propose to the 16 member states of the Regional Comprehensive Economic Partnership (RCEP) to eliminate tariffs on 92 percent of trade in goods to promote economic integration of the grouping soon. Sirinart Chaimun, director-general to the Trade Negotiations Department, said although Asean countries wanted the agreement to be finalised by ...

  Tokyo / AFP Japanese automaker Nissan said on Monday it is taking South Korea to court in response to Seoul’s claims that it manipulated emissions data on a popular sports utility vehicle. Nissan noted that it has invested heavily in green car technology — particularly electric vehicles — and would continue to “strongly deny” South Korea’s claims. Nissan paid a ...

Kuala Lumpur / Bloomberg Japanese automaker Nissan said on Monday it is taking South Korea to court in response to Seoul’s claims that it manipulated emissions data on a popular sports utility vehicle. YTL Corp., the Malaysian conglomerate which snapped up a British utility from the now defunct Enron Corp. more than a decade ago, is looking for bargains again ...

  Amanda Pressner Kreuser / TNS For one reason or another, you’re itching to quit your job. Maybe you’ve maxed out your growth at your current company, you want to explore a totally new field, you’re feeling stifled by a new supervisor, or you’re ready to start your own business. The call for independence can be a pretty strong one, ...

  Dusseldorf / DPA There’s a tremendous hullabaloo in the city concert hall as 1,000 primary school children aged between 6 and 10 chatter and laugh. But when the singing teachers step on to the stage and give a signal to each corner of the hall, silence descends in an instant. Moments later the hall resonates with the sound of ...

  Our Correspondent EMIRATES BUSINESS Mulk Holdings is a multinational group of 20 companies with diversified business interests in manufacturing of Alubond USA brand of metal composites, interior and exterior design and fit outs, plastic industries, power generation, aluminium coil coatings, healthcare, real estate, commodities and solar energy. The company with its headquarters based in Hamariya Freezone Sharjah, UAE is ...

  Our Correspondent EMIRATES BUSINESS As the summer heat in the Gulf region knocks fiercely on household doors, it mandates that families spend most of their time in the great ‘indoors’. A major concern often neglected or under considered is the quality of the air that looms within households. Numerous studies conducted over the past few years have indicated that ...