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Londoners take to canal boats to beat high property costs

Bloomberg In London, which suffers from one of the most expensive property markets in Europe, thousands have found alternative housing for less than the cost of a parking space — though it helps if you can repair an engine or plug a leaky hull. Narrowboats, which aren’t much wider than a king-sized bed, have gained in popularity for those willing ...

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Lam offers no new concessions, risking more violence in HK

Bloomberg Hong Kong leader Carrie Lam didn’t make any new concessions to protesters after pro-democracy forces won a landslide in local elections, a move that risks leading to further violence after months of unrest. The comments on Tuesday came during her first weekly briefing since an overwhelming majority of voters delivered a strong rebuke of her administration and its backers ...

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UAE leaders discuss action plans for next ten years

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, chaired on Monday a meeting with Their Highnesses the Crown Princes, which took place ...

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Mideast’s largest construction show The Big 5 begins in Dubai

Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, CEO and Chairman of the Emirates Group, Chairman of Dubai World, and Noor Takaful Insurance Company, officially inaugurated the 40th edition of The Big 5 at the Dubai World Trade Centre on Monday. The construction industry mega-event is set to welcome ...

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Dubai launches new data initiative for retail sector

Dubai / WAM Smart Dubai and the Dubai Department of Economic Development, DED – Dubai Economy, have announced a joint new data initiative for the retail sector, part of the Private Sector Data Engagement Strategy, which was designed to foster stronger collaboration between the public and private sectors on data. The new initiative will see anonymised and aggregated datasets examined ...

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AFZ, LinkedIn ink MoU

AJMAN / WAM Ajman Free Zone (AFZ), signed an agreement with LinkedIn, which will see it benefit from an enhanced profile on the global business networking platform and enable targeted communications with key business sectors on a global scale. The move is part of Ajman Free Zone’s expansion strategy to attract more investor companies. The potential reach is on a ...

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Uber loses London license over concerns for rider safety

Bloomberg London’s transit authority refused to grant Uber Technologies Inc a new license in the capital, endangering the ride-hailing company’s future operations in the city. While the company has made some progress in addressing Transport for London’s (TfL) concerns, the regulator is still concerned that unauthorised drivers can manipulate the app to carry passengers, it said in a statement. Uber ...

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HP rejects merger request by Xerox saying health in doubt

Bloomberg HP Inc rejected Xerox Holdings Corp’s request to open its financial books after turning down its unsolicited merger offer last week, saying that the smaller suitor hasn’t proven it’s healthy enough to raise the funding or complete such a transaction. “Your proposal does not constitute a basis for due diligence or negotiation,” Chief Executive Officer Enrique Lores and Chairman ...

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German minister defends Huawei

Bloomberg Economy minister Peter Altmaier defended the German government’s decision not to exclude China’s Huawei Technologies Co over security concerns, citing a similar decision years earlier in the wake of US espionage. Germany didn’t boycott US companies when it surfaced in 2014 that the NSA spied on institutions and individuals in Europe’s biggest economy, Altmaier said on broadcaster ARD. “The ...

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China plans record sale of dollar bonds worth $6bn

Bloomberg China is planning a record sale of sovereign bonds in dollars, with a potential $6 billion offering, according to people familiar with the discussions. The ministry of finance is considering tenors of three years, five years, 10 years and 20 years, according to the people, who asked not to be named as the talks aren’t public. The ministry didn’t ...

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