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Brexit risks cut Britain’s ad growth to slowest in 3 years

Bloomberg Growth in UK advertising budgets has slowed to its weakest in 2 1/2 years as Britain struggles to define its future relationship with the European Union. The proportion of companies increasing their ad spending exceeded those scaling it back by 2.5 percentage points in the third quarter of 2018, down from a 6.5 point margin in the second quarter, ...

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Abu Dhabi Boat Show attracts 270 exhibitors from 25 nations

Abu Dhabi / WAM His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and Chairman of Abu Dhabi Sports Council, inaugurated the first edition of the Abu Dhabi International Boat Show (ADIBS) 2018 which kicked off on Wednesday, in the presence of a number of Sheikhs, ...

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Youth’s curiosity in AI reflects knowledge of future needs

Dubai / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, has highlighted that Emirati youth’s keenness and willingness to learn Artificial Intelligence (AI) technology reflects their high level of awareness in enhancing their skills and technological abilities to better prepare them for jobs of the future. Al Olama commended the graduation of 75 male and female ...

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Salvini visits Moscow pledging to fight EU Russia sanctions

Bloomberg Italian Deputy Premier Matteo Salvini visited Moscow on Wednesday to drive home one of his favorite points: that European Union sanctions on Russia hurt Italy and should be repealed. “The Russian sanctions are a social, cultural and economic absurdity,” Salvini told the annual meeting of the Russian branch of Italy’s main business lobby Confindustria, repeating the same lines he’s ...

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Abu Dhabi signs deal to host World Urban Forum in 2020

Abu Dhabi / WAM The Abu Dhabi Department of Urban Planning and Municipalities (DPM), signed an agreement, on Wednesday, with the United Nations Human Settlements Programme, UN-Habitat, for Abu Dhabi to host the 10th World Urban Forum (WUF10), in 2020. This will be the first time an Arab country hosts the landmark forum. The forum will be convened by UN-Habitat, ...

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International Franchise Exhibition inaugurated

Abu Dhabi / WAM The 6th edition of the International Franchise Exhibition (IFE), organised by the Abu Dhabi Chamber of Commerce and Industry, kicked off with the participation of key government entities, numerous major international brands, companies, and renowned experts alongside thousands of visitors from 16 countries. The exhibition is being held at the Abu Dhabi National Exhibition Centre (ADNEC), ...

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India’s bullet train project faces land acquistion hurdles

Bloomberg India’s bullet train project is moving at the pace of a commuter train instead. A year after the project was kicked off, only 0.9 hectares of land have been acquired out of the 1,400 hectares needed, according to the Indian government company leading the project. The $15 billion facility, the highlight of Prime Minister Narendra Modi’s drive to upgrade ...

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Japan to hire foreign workers as labour shortage bites

Bloomberg A strict immigration policy has helped make Japan one of the world’s oldest and most homogeneous societies. Now, Prime Minister Shinzo Abe’s plan to invite as many as half a million foreign workers is testing the country’s tolerance for change. Abe is preparing to introduce legislation to allow migrants to start filling vacancies next year in sectors worst hit ...

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Uber, Lyft race towards IPOs next year as banks line up

Bloomberg Uber Technologies Inc and Lyft Inc are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing ride-hailing businesses are actually worth. Wall Street’s top banks, vying for a coveted underwriting spot on Uber’s IPO, suggest the San Francisco company could produce one of the most valuable offerings ever. In ...

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No-deal Brexit threatens business model: Car lobby

Bloomberg Europe’s car lobby said a no-deal Brexit would threaten the very business model of companies operating in the UK and on the continent, urging negotiators to do everything in their power to avert a worst-case scenario on the eve of a summit in Brussels. Carmakers and suppliers’ steps to prepare for the event of a disorderly withdrawal from the ...

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