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EU’s non-Brexit offerings may ease UK departure

Bloomberg The European Union says it has plenty on its to-do list besides managing Brexit. That could prove to be good news for Prime Minister Theresa May as she seeks a smooth UK departure from the bloc in March 2019. The European Parliament, which has veto power over any Brexit agreement, is gearing up for elections in mid-2019 as a ...

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Rules hindering self-driving cars targeted by US regulator

Bloomberg The National Highway Traffic Safety Administration is considering eliminating regulations that currently block self-driving vehicles designed without steering wheels, brake pedals or other driver controls from hitting the road. The agency, in a document posted online, said it will soon ask automakers and technology companies to identify “any unnecessary regulatory barriers to automated safety technologies.” The move is an ...

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Pre-orders are Apple’s best pal amid iPhone shortages

Bloomberg The most important date for Apple Inc.’s iPhone X is arguably a week before the flagship smartphone actually reaches stores. Now consumers can pre-order the $999 device, and that will be shipped by November 3. It’s a smart tactical move for Apple because it helps lock people in— even though the company doesn’t collect payment until the phone actually ...

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First charges approved in Mueller Russia probe

Bloomberg A US grand jury has approved the first charges stemming from special counsel Robert Mueller’s probe into Russian meddling in the 2016 election and possible collusion with Donald Trump’s campaign, according to multiple news reports. The charges are sealed under orders from a federal judge and it’s unclear who’s implicated, CNN reported, adding that arrests could come as soon ...

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‘Aviation sector plays key role in UAE’s development’

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited Emirates Airline’s lab at the Dubai Future Accelerators facility in Emirates Towers on Saturday. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council; HH Sheikh Maktoum bin ...

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DEWA completes 453 photovoltaic installations

Dubai / WAM Dubai Electricity and Water Authority (DEWA), has connected 453 photovoltaic (PV), installations on the roofs of residential, commercial and industrial buildings in Dubai, with a total capacity of about 18.7 MW. This was carried out under the ‘Shams Dubai’ initiative launched by DEWA to encourage customers to install solar photovoltaic panels on the roofs of their premises ...

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Sharjah to highlight investment plans at Toronto Global Forum

Sharjah / Emirates Business Investors in Canada will be receiving an in-depth analysis of Sharjah’s premium business environment and its array of economic opportunities with the participation of a high-level delegation from the emirate comprising of Sharjah Investment and Development Authority (Shurooq), Sharjah Investment Office (Invest in Sharjah) and the Sharjah Media City (Shams) at the Toronto Global Forum. Titled ...

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‘Global franchise market’ kicks off today in Dubai

DUBAI / WAM The second edition of The Global Franchise Market (TGFM), the official franchise show in Dubai, will kick off this Sunday featuring 60 brands from over 55 countries. Held under the patronage of Dubai Economy and organized by INDEX Conferences & Exhibitions, member of INDEX Holding, the event will take place from October 29-30 at the Dubai International ...

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Asia’s oldest railway opens door to private steel producers

Bloomberg Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd. as Asia’s oldest network seeks to plug a supply shortfall. The state-run freight and passenger carrier is seeking to buy 700,000 metric tons of rails for track upgrades, Railway Minister Piyush Goyal said. The ...

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Alibaba’s Tsai to buy stake in Brooklyn Nets

Bloomberg Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai has agreed to buy 49 percent of the Brooklyn Nets from Russian billionaire Mikhail Prokhorov in a deal that values the National Basketball Association club at a record $2.3 billion, according to people familiar with the matter. The agreement gives Tsai the right to buy the remaining stake of the ...

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