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Bloomberg Two major hurricanes knocked down payrolls in September, yet the US labour market is holding up just fine. That’s the broad message from employment figures released by the Labor Department. Payrolls fell for the first time since 2010, reflecting Hurricane Harvey’s impact on Texas and Irma’s fallout in Florida. At the same time, the unemployment rate dropped to a ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees at the Dubai Future Foundation (DFF), visited the foundation’s headquarters, accompanied by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. During the visit, they viewed some of the foundation’s top ...

Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, has been named ‘Airline of the Year’ in the United Kingdom for the fourth consecutive year by the Travel Trade Gazette (TTG). The Abu Dhabi-based airline beat strong competition to take the top prize at the ceremony, held at London’s Lyceum Theatre and attended by 750 leading figures ...

DUBAI / WAM The UK Secretary of State for International Trade, the Right Honourable Liam Fox MP, announced on Wednesday that Britain wanted its pavilion to be in the ‘Opportunity’ themed district of Expo 2020 Dubai, saying that Dubai is on track to host an “incredible experience for millions”. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the ...

Dubai / Emirates Business The Urban Thinkers Campus, which was launched by Dubai Land Department (DLD) through its educational arm the Dubai Real Estate Institute (DREI) in cooperation with the United Nations (UN), concluded with discussions on investment and real estate innovation, smart and sustainable living, wellness and happiness, innovative asset management, and affordable housing. The sessions, hosted by Dubai ...

Bloomberg Sharp Corp.’s US legal battle with Hisense Electric Co. marks the start of an aggressive new campaign by the Japanese electronics company to obtain royalties on its patents as the company focuses on ultra-high-resolution televisions and “smart home” devices. The Osaka-based Sharp plans to be more assertive when it comes to demanding patent royalties and may even start filing ...

Bloomberg Billionaire Anil Ambani’s battle to chip away at the $7 billion his telecom company owes its debtors seems to get harder with each passing day. The failure of a plan to merge with rival Aircel Ltd. to gain scale and pare borrowings has sent Reliance Communications Ltd. back to the drawing board to stitch together alternate deals to sell ...

Bloomberg Amazon.com Inc. was hit by a European Union order to pay 250 million euros ($294 million) plus interest in back taxes to Luxembourg as the world’s biggest online retailer became the latest US giant to fall foul of the bloc’s state-aid rules. The European Commission also said it’s suing Ireland for foot-dragging in its efforts to recover “even part” ...

Bloomberg Brexit could cost the UK its position as the leading data market in Europe, a government-funded digital innovation group warns. The British economy could miss out on as much as 67 billion euros ($79 billion) annually by failing to play its cards right in Brexit negotiations with the European Union over data market access, according to a report published ...

Bloomberg PSA Group, the French maker of Peugeot, Citroen and DS autos, is introducing its Free2Move ride-sharing app in Seattle, beginning an incremental push to re-enter the US that could eventually culminate in PSA importing cars to the country. “It’s so crowded here, the last thing you want is a billion-euro investment and not selling enough cars,” PSA’s North America ...