February, 2016

• 28 February

  ADFG approved to redevelop iconic New Scotland Yard

  Abu Dhabi / WAM Abu Dhabi Financial Group (ADFG) on Sunday unveiled its stunning plans for the redevelopment of New Scotland Yard, a highly-desirable address known as “Ten Broadway”, following approval from the Planning Committee of Westminster City Council in London, UK. Northacre London will manage and develop the one million square feet project, creating a contemporary destination, comprising residential, ...

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• 28 February

  AJCCI to boost economic ties with Japan

  Ajman / WAM The Ajman Chamber of Commerce and Industry (AJCCI) has discussed ways to strengthen economic cooperation and investment opportunities for businessmen with the Embassy of Japan in Abu Dhabi in order to increase volumes of trade. This came during a visit by a delegation from the AJCCI to the headquarters of the Embassy of Japan in Abu Dhabi. ...

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• 28 February

  Britain’s future outside EU is rosy

  

  LONDON / Bloomberg Two of the leading U.K. government ministers campaigning for an exit from the European Union played up the prospects for Britain if it votes to leave the bloc, rejecting warnings from Prime Minister David Cameron and Chancellor of the Exchequer George Osborne. “Britain is a great country, the people here are inventive, innovative, and they will find ...

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• 28 February

  PM says supporters of exit are ‘extremely vague’

  

  London / Bloomberg Those in favour of the U.K. leaving the European Union are “extremely vague” when asked to set out a vision of life outside the bloc, Prime Minister David Cameron has said. Writing in the Sunday Telegraph, Cameron challenged supporters of an EU exit to set out what the U.K.’s trading relationship would look like after a possible ...

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• 28 February

  Macron defends French labour law

  

  PARIS / Bloomberg French Economy Minister Emmanuel Macron defended the government’s plans to overhaul the nation’s labour law, rebuffing a revolt from within the ruling Socialist Party by suggesting opponents are resisting all change in the face of an unemployment crisis. “The plan for France cannot be to change nothing,” Macron said in an interview published Sunday in le Journal ...

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• 28 February

  Irish PM Kenny pleads for time

  

  Bloomberg Ireland’s Prime Minister Enda Kenny pleaded for time and space to examine options to create a stable government, as the nation’s two biggest parties opened the door for an unprecedented grand coalition. Kenny’s Fine Gael secured 25 percent in Friday’s election, according to a poll for broadcaster RTE. Traditional rival Fianna Fail secured 21 percent. Under Ireland’s electoral system, ...

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• 28 February

  UK tax revenue increases since reform on house levied

  Bloomberg The U.K. Treasury has netted 15 percent more tax on home purchases worth more than 1 million pounds ($1.4 million) since reforming the levy on property transactions, analysis by the tax authorities showed. Chancellor of the Exchequer George Osborne introduced the change in December 2014 and since then more than 780,000 homebuyers saved about 657 million pounds on so-called ...

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• 28 February

  Frankfurt seeks to shed bland image to win over FinTech whizzkids

  

  Frankfurt / AFP As Germany’s banking capital, Frankfurt has long established itself as one of Europe’s leading financial hubs. But the city, which has a rather staid and strait-laced image, is now vying with hipper and trendier centres around Europe to woo financial start-ups known as FinTechs which want to revolutionise the way the world of money does business. FinTechs ...

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• 28 February

  Clinton South Carolina win sets stage for Super Tuesday

  

  Bloomberg Hillary Clinton scored a dominating victory over Bernie Sanders in South Carolina’s Democratic primary with the overwhelming support of black voters, helping solidify her path to the party’s nomination heading into Tuesday’s 11-state round of contests that represent the biggest prize of the 2016 primary campaign. “Tomorrow, this campaign goes national,’’ Clinton said in her victory speech in Columbia. ...

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• 28 February

  3 Stabbed, 13 arrested at ‘KKK’ rally in California

  

  Los Angeles / afp Three people were stabbed, one of them critically, and 13 others were arrested in California when a Ku Klux Klan (KKK) rally erupted into clashes with counter-protesters, witnesses and police said. Around midday, half a dozen members of the white hate group, whose ranks still number several thousand in the United States, arrived at the protest ...

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