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Bloomberg Facebook Inc. is lucky it owns Instagram. This year, the world’s largest social network will see a decline among teen users in the US, according to a forecast by EMarketer. It’s the first time the research company has predicted a fall in Facebook usage for any age group. EMarketer predicts 14.5 million people from the ages of 12 to ...

Bloomberg Donald Trump vowed as a presidential candidate to reduce America’s military involvement abroad and quickly defeat IS terrorists. His announcement of an open-ended commitment to Afghanistan to battle extremists is a concession that as president he cannot meet either promise. Trump’s shift on Afghanistan is the latest indication of how difficult it has been to deliver on his “only ...

Bloomberg North Korea’s saber-rattling is at last being felt in its southern neighbour’s bullet-proof bond market. Foreign investors have started to look for the exits, selling a net $415 million worth of Korean notes last week, only the second weekly outflow since November, according to the nation’s Financial Supervisory Service. That’s a precipitous drop from the $4.3 billion of net ...

Bloomberg Singapore’s government will support technology startups by doing business with them rather than having them rely on grants as the city-state pushes ahead with a plan to become a high-tech hub, a top minister said. The government wants to fuel private-sector innovation, especially among small and medium-sized firms, in a bid to create a digitally integrated economy, Vivian Balakrishnan, ...

The FTA may exempt a Person from registration, but not payment of tax, if they can demonstrate that they will not regularly import Excise Goods. However, anyone who has been exempted from Tax Registration must immediately inform the Authority of any changes to his/her circumstances that would make them subject to tax, and they must do so within the allotted ...

DUBAI / WAM Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced a strategic collaboration with GITEX Future Stars to launch the first-ever Dubai Tourism Start-Up Competition – Futurism, inviting bright minds and innovators from around the world to submit ideas and business plans that will further revolutionise the city’s travel and tourism sectors. The competition is in ...

DUBAI / WAM Tech-focused entrepreneurs, start-ups, SMEs and leaders are now able to give full vent to their potential at FinTech Hive at DIFC, the first-of-its-kind accelerator in the region, which announced on Monday the commencement of its inaugural accelerator programme. The initiative features 11 finalists and brings together an emerging generation of technology leaders and entrepreneurs to address the ...

ABU DHABI / WAM The UAE Space Agency has discussed means of joint cooperation with the Ministry of Climate Change and Environment during a meeting between high-level Space Agency delegates and the Minister of Climate Change and Environment. Discussions included the possibility of providing data on local and international environmental issues as well as exchanging knowledge and expertise in relevant ...

­­­­­­­­­­­Bloomberg Britain and the European Union are at odds over how soon the Brexit talks can pivot towards a trade deal as Theresa May’s government seeks to turn on the pressure by disclosing more policy details. The UK government will publish five papers this week, with two dropping on Monday. The one that examined the treatment of goods said that ...

Bloomberg The US said it’s slashing visa services in Russia after the Kremlin ordered it to cut two-thirds of staff at its embassy and consulates as relations between the former Cold War rivals spiraled. All non-immigrant visa operations will be halted from Aug. 23 and will resume “on a greatly reduced scale” from Sept. 1, with applicant interviews conducted solely ...