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Homeowners race to beat property tax cap

Bloomberg Homeowners in states with the highest property taxes are looking to prepay 2018 bills ahead of a $10,000 cap on the deduction for state and local levies, including property taxes, in the GOP tax overhaul President Donald Trump just signed. In New York, residents are peppering local officials with questions about how to prepay their 2018 property tax bills ...

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at-a-glance guide to Brexit saga

Bloomberg / Emirates Business UK Prime Minister Theresa May refused to rule out running for another term in 2022 as she shrugged off suggestions that 2017 has been the worst year of her political career. The other 27 leaders in the EU agreed in December 2017 that “sufficient progress” had been made to allow Brexit talks to proceed to the ...

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South Korea’s Hyundai Heavy plunges on $1.2billion sale plan

Bloomberg Hyundai Heavy Industries Co., the world’s second-biggest shipbuilder, fell by a record following its plan to raise about $1.2 billion selling new shares for working capital. Hyundai Heavy intends to sell 12.5 million new shares before the end of March at an estimated price of 103,000 won each, a discount of about 24 percent to the closing level. The ...

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‘Made in Vietnam’ export boom defies Trump’s trade threats

Bloomberg From mobile phones to furniture, Vietnam’s export boom shows no signs of losing steam, defying a gloomy outlook at the beginning of the year when US President Donald Trump persisted with his trade threats. Furniture maker Xuan Hoa Viet Nam Co. is planning for a 20 percent increase in export orders next year by investing $3 million on equipment ...

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S Sudan clashes leave 20 dead day after ceasefire violation

Bloomberg Almost two dozen government troops were killed in South Sudan during fighting, just a day after a cease-fire agreement came into effect, according to the main rebel group. The nation’s army and rebels last week agreed to cease hostilities from midnight December 24, in a bid to end three years of violence that’s claimed tens of thousands of lives ...

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Dubai Frame is an elegant architectural feat, says VP

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited the Dubai Frame, an award-winning cultural landmark, at Zabeel Park on Tuesday morning. His Highness was accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, ...

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Hamdan unveils 5-Star plaques at ‘customer happiness centres’

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that the Star Rating programme for Customer Happiness Centres reflects the directives of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to achieve a qualitative leap in ...

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Electronic trade licences to boost smart services in Abu Dhabi

Abu Dhabi / WAM The Abu Dhabi Business Centre of the Department of Economic Development (DED), launched the ‘Electronic Trading’ licence initiative, in cooperation with the Telecommunications Regulatory Authority (TRA). The initiative aims to reinforce Abu Dhabi government’s trends toward providing smarter electronic services and activate the E-Commerce aspect in the business sector Emirate-wide by taking advantage of internet websites ...

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Emirates to celebrate the Year of Zayed in-flight and in the air

Dubai / Emirates Business Emirates will be sharing the legacy of the late His Highness Sheikh Zayed bin Sultan Al Nahyan to a global audience in 2018. To celebrate the ‘Year of Zayed’, Emirates is featuring the achievements of HH Sheikh Zayed in the pages of its official inflight magazine, Open Skies each month. The ‘Year of Zayed’ commences in ...

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Anil Ambani’s wireless unit seeks to cut $6 billion of debt

Bloomberg Billionaire Anil Ambani’s Reliance Communications (RCom) Ltd. said it was in the final stages of selling some assets as it aims to exit a debt restructuring programme and cut total borrowings by $6 billion. The company’s shares surged. The embattled mobile carrier will reduce total debt to 60 billion rupees ($936 million) from 450 billion rupees as of October ...

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