July, 2016

• 17 July

  Learning to live with terror, in France and beyond

    Eli Lake After the horror at Nice, perhaps the most depressing comment came from France’s prime minister. Calling for unity in the face of terror, Manuel Valls observed: “Times have changed, and we should learn to live with terrorism. We have to show solidarity and collective calm.” If this sounds like resignation, it shouldn’t. Valls is no squish. After ...

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• 17 July

  The South China Sea ruling: Who really won?

  On July 12, the Permanent Court of Arbitration (PCA) at The Hague handed down its long-awaited ruling on a case brought by the Philippines against China regarding the South China Sea. Judging by the international reactions to the ruling so far, the consensus (outside China at least) has been that this is “a huge win“ for the Philippines and a ...

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• 17 July

  China’s economy gets boost from property, construction

  

  Bloomberg China’s real estate sector grew faster than the overall economy in the second quarter as new home purchase restrictions in the biggest cities failed to deter buyers. Economic output by real-estate brokers surged 8.8 percent from a year earlier in the April-to-June period, while construction activities jumped 7.3 percent, data from the National Bureau of Statistics showed this week. ...

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• 17 July

  Canadian housing markets won’t prevent rate cut

  

    Bloomberg Soaring home prices in Vancouver and Toronto won’t keep the Bank of Canada from cutting rates to stimulate the economy, if it comes to that. That’s the takeaway from an interview Bank of Canada Governor Stephen Poloz gave the Wall Street Journal after the release of the central bank’s policy decision, in which it left its benchmark rate ...

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• 17 July

  Blackstone to buy 32% stake in Carnegie

  

    Bloomberg Blackstone Group LP agreed to buy a 32 percent stake in Swedish residential landlord D. Carnegie & Co. AB from three of the company’s biggest shareholders. Blackstone, through its subsidiary Vega Holdco Sarl, will acquire the shares in the Stockholm-based company for 100 Swedish kronor ($11.8) each, Blackstone said in a statement this week. This will give the ...

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• 17 July

  Canam Group drops on unexpected plan cost

    Bloomberg Canam Group Inc. fell the most in 20 months after the Canadian construction company announced an extra C$32 million ($25 million) expense due to revised cost estimates for one of its projects. Canam, builder of the retractable roof for the Arthur Ashe Stadium in New York, plunged as much as 12 percent, the most since October 2014, to ...

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• 17 July

  Billionaire’s small buildings making big money in NY

  

    Bloomberg Axel Stawski is not the kind of real estate mogul who boasts about the size of his towers. The developer owns six Manhattan office buildings, one of the largest being 565 Fifth Ave., a 380,000-square-foot (35,000-square meter) property completed in 1993 on the corner of 46th Street. At 30 stories, it’s not one of New York’s tallest skyscrapers. ...

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• 17 July

  Trendy IoT to change industries as they look

  

    RITIKA SHARMA / Emirates Business Among various technological developments, Internet of Things (IoT) is expected to remain a key trend in the UAE as the nation moves towards its goal of becoming a knowledge-based economy by 2021 and prepares to host the world’s biggest exhibition event, Expo 2020. Regional experts believe IoT will change the face of industries in ...

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• 17 July

  Insider data theft, malware attacks top threats in digital biz

  

    Dubai / Emirates Business Insider data theft and malware attacks top the list of the most significant concerns for enterprise security executives, a new report from Accenture and HfS Research reveals. Of those surveyed, a majority (69 percent) of respondents experienced an attempted or successful theft or corruption of data by insiders during the prior 12 months, with media ...

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• 17 July

  Visitors enjoy ‘Fun Splashy Summer’ at SLC

  

    Sharjah / Emirates Business Mothers and their little ones made the most of an exciting programme of water-based activities that started at Sharjah Ladies Club (SLC). Titled ‘Fun, Splashy Summer,’ the programme features an array of entertaining shows and aquatic activities that takes place every Thursday, Friday and Saturday up until July 30. Fun, Splashy Summer saw a large ...

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