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Bloomberg Theresa May left the European summit with warm words on Brexit from her fellow leaders, and the cold fact of a 60 billion euro ($70 billion) divorce bill they still want her to pay. The prime minister gave her clearest signal yet that she’ll cover the cost of the UK’s liabilities when it leaves the bloc, after leaders promised ...

SHARJAH / WAM Sharjah Archaeology Museum in partnership with Institut Francais in the UAE, and support of UNESCO on Wednesday opened an exhibition that celebrates a 40-year partnership with French archaeologists to unearth the hidden secrets of the UAE’s past. The exhibition was inaugurated by HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, ...

DUBAI / Emirates Business Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, and the MassChallenge, a non-profit start-up accelerator based in Boston (USA), signed a partnership to support global initiatives and projects that attract start-ups as well as investments to Dubai and the UAE. As part of the partnership, a roadmap will be established to expand MassChallenge’s ...

ABERDEEN / WAM Scotland’s First Minister Nicola Sturgeon and Norway’s Minister for Energy and Petroleum, Terje Soviknes, attended the formal unveiling of the world’s first commercial-scale floating wind farm, a renewable energy project which paves the way for the development of wind energy resources in areas beyond the reach of existing offshore wind technologies, according to Abu Dhabi Future Energy ...

Dubai / WAM The General Civil Aviation Authority (GCAA) announced that on December 7, in a ground-breaking and historic moment, the UAE will implement one of the largest airspace changes the region has ever seen. Specifically, the date will signal the completion of the UAE Airspace Restructuring Project (ARP), which will see the Emirates Flight Information Region (FIR) transformed into ...

Bloomberg Toyota Motor Corp. is set to unveil a fuel-cell concept car that aims to offer 50 percent more driving range than its current hydrogen-powered sedan in a technology push that defies a rising wave of battery-driven vehicles. Japan’s biggest auto manufacturer is targeting a 1,000-kilometre range for the Fine-Comfort Ride concept saloon under local standards, compared with about 650 ...

Bloomberg Secretary of State Rex Tillerson laid out the Trump administration’s vision for the US role in South Asia, arguing for greater US economic influence and military ties as he praised an “emerging Delhi-Washington strategic partnership” as an anchor for stability. Tillerson’s speech on Wednesday, a rare policy address for America’s top diplomat since he took office more than eight ...

Bloomberg UK unemployment held at a 42-year low in the three months through August and the number of people in work approached a record high, according the figures published. The latest snapshot of the labour market from the Office for National Statistics may help to explain why the Bank of England appears to be edging towards its first interest-rate increase ...

Bloomberg Amazon.com Inc., EBay Inc. and other online marketplaces are failing to take seriously online tax fraud by vendors using their platforms, a panel of UK lawmakers said, calling on the companies to work with the government’s tax authority to tackle the problem. The tax agency, Her Majesty’s Revenue and Customs, has been too timid in using its powers and ...

Bloomberg While competitors race to catch up with Netflix Inc., the largest online TV service in the world is adhering to a simple strategy to maintain its lead: you have to spend money to make money. The streaming pioneer will deploy as much as $8 billion on programming next year, as much as a third more than in 2017. The ...