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Bloomberg McDonald’s Corp. workers at two restaurants in England have voted in favour of a strike, in what would be the first industrial action by staff of the American fast-food chain in the UK. Employees at one site in Crayford, near London, and a second in Cambridgeshire were balloted following a dispute over the use of zero-hour contracts and the ...

Bloomberg Infosys Ltd. approved a 130 billion rupees ($2 billion) share repurchase to improve returns for stakeholders of the Indian software exporter a day after Chief Executive Officer Vishal Sikka quit amid heightened tensions between the board and founders led by ex-Chairman N R Narayana Murthy. Asia’s No.2 software services developer voted to buy back as many as 113 million ...

Bloomberg President Donald Trump has yet to decide the future US role in Afghanistan, even after spending hours in a retreat at Camp David where his defense and foreign policy team made the case to continue fighting a war Trump has long questioned. “This afternoon the president was briefed extensively by his national security team on a new strategy to ...

AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and President of the Executive Council, praised the directives of Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to establish the world’s first Government Accelerators. Sheikh Ammar made this statement while viewing a presentation by ...

DUBAI / WAM Dubai Science Park (DSP), a member of TECOM Group, and Al Jalila Foundation, signed a Memorandum of understanding (MoU) to support Dubai’sscientific community. Marwan Abdulaziz Janahi, Executive Director at DSP and Dr. Abdulkareem Sultan Al Olama, Chief Executive Officer of Al Jalila Foundation signed the MoU. Under the MoU, both parties will collaborate to mutually promote the ...

ABU DHABI / Emirates Business Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, launched the first of its kind Foundations regime in support of more effective structures for wealth preservation and wealth management. The ADGM Foundations regime provides a strategic platform for financial planning and structuring, serving as an alternative to trusts and corporate vehicles. For ...

DUBAI / Emirates Business The capacity for private data exchange between businesses is outpacing the public Internet, growing at nearly twice the rate and comprising nearly six times the volume of global IP traffic by 2020, according to the Global Interconnection Index, a new market study published by Equinix that analyzed the adoption profile of thousands of carrier-neutral colocation data ...

­­­­­­­­­­­Bloomberg Ireland warned it won’t be used as a pawn in wider negotiations on the terms of the UK’s departure from the European Union, as it called Britain’s plans to avoid border checks after Brexit a “step forward.” Envoys need to show “flexibility and imagination” to devise post-Brexit arrangements on the island of Ireland that preserve free movement of people ...

Bloomberg Italy’s economic recovery extended for a tenth straight quarter, boosting optimism that growth can become sustainable this year amid a rise in industrial production. Gross domestic product expanded 0.4 percent in the three months through June, the same as in the first quarter, Rome-based statistics agency Istat said in a preliminary report on Wednesday. That matched the median of ...

Bloomberg Companies from Alibaba Group Holding Ltd. to China Life Insurance Co. will participate in a $11.7 billion share sale by China’s second-largest wireless carrier as part of a government push to draw private capital into its state-owned enterprises. According to the plan, investors including Tencent Holdings Ltd. and Baidu Inc. will purchase about 10.9 billion shares, or 35 percent, ...