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Bloomberg Finance Minister Bill Morneau is proposing tax changes that would close loopholes often used by doctors and lawyers to reduce their tax burden, part of the Canadian government’s pledge to level the playing field for middle-income earners. In an Ottawa press conference, Morneau detailed the proposals reported by Bloomberg that were billed as ensuring “fairness for the middle class.” ...

Bloomberg UK Prime Minister Theresa May will launch a new business advisory group on Thursday, her office said, as her government tries to build bridges with financial and trade bodies during Brexit negotiations. May will chair the first in a regular series of meetings of the business council in her official Downing Street residence, with discussions due to focus on ...

Bloomberg Amid all the noise about the future of its trade relationship with the US, Mexico is quietly creating jobs at a record pace and reducing the informality that for decades has held back its economy. More than 517,000 Mexican workers gained access to social security in the first half of 2017, a 17 percent increase from a year ago ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday received the President of the Republic of Mali, Ibrahim Boubacar Keita, who is currently on a working visit to the UAE. At the beginning of the meeting, His Highness Sheikh Mohamed bin ...

Dubai / Emirates Business In line with the leading role that Dubai is playing globally across several different sectors, and driven by its forward-thinking leadership, Dubai was selected to be a regional hub for city data, at the United Nations headquarters in New York City. As a result, Dubai is now in a direct position to inform and drive progress ...

RAS AL KHAIMAH / WAM A total of 32,801 businesses became members of the Ras al-Khaimah Chamber of Commerce and Industry, RAK Chamber, and 10,093 renewed their membership by the end of the first half (H1) of the current year. The number of new private members registered during the period reached 970, out of which 130 were in free zones ...

COPENHAGEN / WAM The Government of Fujairah has signed a partnership agreement with Minpoint Business Investments and NIRAS International Consultancy, to begin the first phase of construction of the Smart Logistics City in Fujairah. The agreement was signed in the Danish capital, Copenhagen, by Mohammed Saeed Al Dhanhani, Head of the Emiri Court in Fujairah, Director-General of the Fujairah Investment ...

Bloomberg Venezuelan President Nicolas Maduro faced growing pressure to cancel plans to rewrite the constitution on Monday with an emboldened opposition calling for a 24-hour strike this week and US President Donald Trump warning of “strong and swift economic actions.” A day after 7.5 million Venezuelans participated in an unofficial referendum to reject the constituent assembly and to call for ...

Bloomberg A cut by Rio Tinto Group to its full-year iron ore shipping guidance is set to bolster prices that have rebounded into a bull market on stronger-than-expected demand in China. Iron ore futures in Singapore surged as the world’s No. 2 exporter flagged on Tuesday that cargoes from Australia are expected at about 330mn metric tons in 2017. That’s ...

Bloomberg India’s vast rural hinterland, which makes up 70 percent of the South Asian country’s population, is showing signs of recovery from last year’s cash crunch, boosting optimism that increased spending will help the broader economy regain its vigor. The micro-finance industry is rebounding, real rural incomes are rising and unemployment is falling, according to brokerage Motilal Oswal Securities Ltd. ...