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Corbyn tells May ‘let Labour govern Britain’

Bloomberg ­­­­­­­­­­­­­­­ Labour leader Jeremy Corbyn closed his party’s conference in Brighton with a call to Prime Minister Theresa May to step aside and an appeal to his followers to prepare to take over the government of Britain. After a four-day conference that has cemented his position as leader of a socialist revival in the UK, Corbyn promised a radical ...

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Tencent-backed Meituan to close $3 billion-plus funding

Bloomberg Meituan Dianping, China’s largest group-buying and restaurant reviews service, is said to be close to finalising a deal to raise at least $3 billion from investors including Capital Group, according to people familiar with the matter. The company backed by WeChat-operator Tencent Holdings Ltd. is said to be targeting at least $3 billion at a $28 billion valuation, the ...

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Alstom, Siemens end ‘speed rail feud’ amid Asian onslaught

­­­­­­­­­­­Bloomberg Alstom SA’s merger with the train-making arm of Siemens AG will mark the end of a bitter rivalry as the European rail industry’s biggest adversaries unite in an effort to fend off the challenge from China and Japan. The ill-tempered contest between Alstom and Siemens has been a feature of the sector for decades and reached boiling point in ...

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Uber’s new ‘good cop’ tack to face test in US city tussles

Bloomberg Uber is testing out a new conciliatory tone in London, where officials said they wouldn’t renew the ride-hailing service’s operating license. It’s going to have ample opportunity to see if that approach will work in the US. San Francisco’s city attorney is investigating whether Uber Technologies Inc. is a public nuisance. In New York, officials are mulling ways to ...

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Twitter Inc to let some break 140-character limit in tweet test

Bloomberg Twitter Inc., struggling to attract new users, will lift its 140-character limit on tweets in an experiment with a small group that may expand to the entire social media platform. The test will let users send tweets with as many as 280 characters. Lengthening the character limit may result in more engaging conversation on the platform, helping its bid ...

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Sharjah Ruler receives honorary PhD from University of Calicut

THIRUVANANTHAPURAM / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, stated that the historical cooperation between Sharjah and Kerala is centuries long and is continuing. He stated this during his speech on Tuesday at the headquarters of the State of Kerala, during a ceremony that saw Sheikh Sultan being awarded an ...

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VP, Mohamed launch AED500mn Mars Science City

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of 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 have launched the Mars Science City project on Tuesday. The AED 500 million-City will cover ...

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Dubai fourth most popular city globally

Dubai / WAM Dubai retained its ranking as the fourth most popular travel destination in the world, according to the ninth annual Mastercard Global Destinations Cities Index. The emirate welcomed 14.87 million international overnight visitors in 2016, with an expected continued growth of 7.7 percent for 2017. Dubai continues to be the city with the highest international overnight visitor spend, ...

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UAE recognised as a booming market for global glass industry

Dubai / Emirates Business Over 140 exhibiting brands from 27 countries arrived in Dubai to participate at Gulf Glass, the largest flat & container glass event in the region, which will run until September 27 at the Dubai World Trade Centre. With more than 10,000 construction projects currently active in the GCC, the demand for glass and glass related products ...

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US sees ‘four or five’ ways to resolve North Korean crisis

Bloomberg The US has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and “some are uglier than others,” National Security Adviser H.R. McMaster said as tensions remain high between the two countries. While McMaster said the threat from Pyongyang is “much further advanced” than anticipated and the Pentagon said the president ...

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