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Bloomberg Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter, capitalising on trends ranging from more train traffic on its railroad to a surge in demand for electronic components. The biggest boost came from the insurance division, where ...

Bloomberg Apple Inc. shares had their worst day since 2014 amid concerns that growth in its powerhouse product, the iPhone, is slowing. In the fiscal fourth quarter, Apple said iPhone unit sales barely grew from a year earlier, even though new flagship devices came out in the period. At the same time, Apple said it would stop providing unit sales ...

Bloomberg American workers enjoyed the biggest leap in pay since 2009 as job gains topped forecasts and the unemployment rate held at a 48-year low, a boost for President Donald Trump ahead of midterm elections and reason for the Federal Reserve to keep raising interest rates. Nonfarm payrolls rose 250,000 after a downwardly revised 118,000 gain, a Labour Department report ...

Dubai / 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, on Saturday received the Emirati engineering team who helped design, build, and launch KhalifaSAT into orbit, ...

Sharjah / WAM In yet another proud global recognition of its reputation as a humane and people-friendly Emirate, Sharjah was formally crowned the “Accessible City for the Physically Disabled” by the World Federation of the Disabled during the World Cities Day at the United Nations (UN), in New York. The title was conferred on Sharjah at a special ceremony at ...

Sharjah / Emirates Business Sharjah FDI Office (Invest in Sharjah), the investment promotion agency dedicated to the continued transformation and economic diversification of Sharjah, organised the Sharjah-India Business Roundtable on the side-line of the second day of Indian-UAE Partnership Summit at the Atlantis The Palm, Dubai, as part of India’s continued interest in the emirate’s diversified economy. The roundtable focused ...

Sharjah / WAM­­­­­ His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has allocated AED4.5 million to purchase the latest publications of the participating publishers at the 37th Sharjah International Book Fair (SIBF 2018). The gesture is a continuation of HH’s constant approach to support the book industry and publication houses with the ...

Bloomberg North Korea stepped up its attack on US-led sanctions, threatening to resume its nuclear program if the measures aren’t lifted. The Foreign Ministry’s Institute for American Studies said it could revive its policy of economic construction and nuclear development if sanctions continue. The US “had better stop the self-destructive act of putting pressure” on the North, the Korean Central ...

Bloomberg Alibaba Group Holding Ltd. adopted a cautious tone on the outlook for the global economy even as signs emerged of a possible end to a US and Chinese trade war. China’s largest e-commerce company reported quarterly earnings well above analysts’ estimates, while also trimming its prediction for full-year sales by as much as 6 percent. Shares slid as much ...

Bloomberg Vietnam is proposing to allow international Internet companies such as Alphabet Inc.’s Google and Facebook Inc. one year to comply with a controversial cyber law that goes into effect on January 1 and requires them to open local offices and store data of Vietnamese users in the country. The Ministry of Public Security posted a draft decree on its ...