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Bloomberg European Union policy makers agreed to give an extra two years to the financial industry to complete an overhaul of key regional and foreign financial benchmarks to protect them from potential manipulation. The deal reached by EU diplomats and members of the European Parliament will allow Eonia and Euribor to be used by firms based in the bloc until ...

Bloomberg Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc., raising fresh concerns about the billionaire CEO’s ability to keep his impulses in check and responsibly run a public company. The US Securities and Exchange Commission asked a judge to hold Musk in contempt for violating a settlement that required him to get Tesla ...

ABU DHABI / WAM Following the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the construction of 34,000 housing units for Emiratis across different parts of the UAE at a total cost of AED32 billion ($8.7 ...

VATICAN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, sent a message to His Holiness Pope Francis, Head of the Catholic Church, thanking him for the historic visit to the UAE from February 3-5, and his participation along with Dr Ahmad el-Tayeb, Grand Imam ...

DUBAI / WAM Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of HBMSU’s Board of Governors, on Monday officially opened the 12th edition of Innovation Arabia Conference and Exhibition. The event is being held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), the government entity in charge of ensuring excellence and sustainability in energy sector in Abu Dhabi, has received a delegation from the Saudi Arabia’s Saline Water Conversion Corporation (SWCC), to enhance cooperation and outline joint efforts towards a more sustainable future for the wider region. During the visit, DoE ...

Bloomberg President Donald Trump and North Korean leader Kim Jong-un might declare a formal end to the Korean War during their summit this week, South Korea said, as the US leader played down the prospects of giving Pyongyang sanctions relief. The two leaders could reach an agreement on how to resolve the 1950-53 conflict as part of their meeting scheduled ...

Bloomberg For almost two years, the question has lingered over China’s market-roiling crackdown on financial leverage: How much pain can the country’s policy makers stomach? Evidence is mounting that their limit has been reached. From bank loans to trust-product issuance to margin-trading accounts at stock brokerages, leverage in China is rising nearly everywhere you look. While seasonal effects explain some ...

Bloomberg The stunning arrest, indictments and long incarceration of former Nissan Motor Co. Chief Executive Officer Carlos Ghosn have given pause to foreign executives considering taking on senior jobs at Japanese companies. As Ghosn enters his fourth month in jail and awaits a trial still several months away, the imprisonment of the Japanese business world’s most high-profile foreigner may stymie ...

Bloomberg Roche Holding AG will buy Spark Therapeutics Inc. for $4.8 billion, a deal that will transform the Swiss drugmaker from a laggard to a leader in the emerging field of gene therapy. Along with French biopharmaceutical company Ipsen SA’s agreement on Monday to acquire Clementia Pharmaceuticals Inc. for as much as $1.3 billion, the Roche deal shows how drug ...