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Bloomberg Apple Inc. says a Chinese ban on sales of the iPhone will force it to settle a long and bitter licensing battle with Qualcomm Inc., an outcome that may end up harming the country’s smartphone industry and give its fiercest legal rival a boost. The US company was responding to a Chinese court that ruled this week Apple infringed ...

Bloomberg Japanese Prime Minister Shinzo Abe’s pledge to empower women hit a fresh obstacle as more evidence was released of ‘admissions policies’ at the nation’s medical schools. Three of Japan’s 81 medical schools manipulated their admissions systems to exclude women, while another is suspected of doing so, according to an Education Ministry report. Another six were cited for unfair practices ...

Bloomberg The US is opposing an increase to the IMF’s permanent capital levels, President Donald Trump’s latest snub of multilateral organisations as he pursues his “America First” foreign policy. The International Monetary Fund is examining its capital levels under a regularly scheduled review. The Washington-based fund is mostly financed by shares, known as quotas, paid by its 189 member nations. ...

Bloomberg GAM Holding AG forecast a large loss, scrapped its dividend and plans to eliminate 10 percent of jobs as the firm struggles to contain a scandal prompted by the suspension of a star fund manager. Shares of the Swiss asset manager fell as much as 17 percent after the company outlined a 925 million-franc ($931 million) loss for the ...

Bloomberg Cosco Shipping Holdings Co’s sale of a container terminal in Long Beach, California has drawn interest from potential buyers including Blackstone Group LP and KKR & Co, people familiar with the matter said. EQT Partners and an arm of Macquarie Group Ltd have also been studying a deal for the asset, the people said, asking not to be identified ...

Bloomberg In the corridors of the UK Parliament, an idea that four months ago seemed laughable is now being seriously discussed. Is another referendum a way out of the Brexit deadlock? Speaking privately, some ministers raise it unprompted. At a press conference, leaders of the smaller opposition parties urged the government to consider it as a contingency worth preparing for. ...

Dubai / Emirates Business Leading economic and business experts portrayed a positive outlook for 2019 at the Arab Strategy Forum (ASF) 2018 in a session titled “Arab World Economy…What’s Next”. Navigating the existing economic challenges facing the region, including the need to create employment opportunities, adapting to technology and fluctuating oil prices, the session posed a question: “Do economic considerations ...

AL AIN / WAM Adnoc Fertilisers, an affiliate of Adnoc Group, hosted at Qasr Al Muwaiji in Al Ain city the 3rd Agricultural Field workshop in cooperation with the Arab Fertiliser Asso- -ciation and Saudi Arabian Basic Industries Corporation (SABIC). The event, organised for the first time in the UAE, aims to showcase Adnoc Fertilizers’ commitment to the community by ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, revealed that the UAE economy had achieved several developmental milestones in 2018, which have contributed to stimulating its growth, enhancing its competitiveness and ensuring the sustainable development of the economy. The Minister added that the country has reinforced its regional and global reputation as an economic hub, thanks ...

Sharjah / WAM Expo Centre Sharjah held discussions with a number of government officials and representatives of economic sectors in Kenya, where they reviewed ways to enhance the participation of Kenyan institutions, companies, investors, and businesspeople in the global specialised exhibitions that the centre organises throughout the year. These discussions were held during the centre’s participation in the trade mission ...