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Amazon China hiring signals ambitions in Alibaba battle

Bloomberg Amazon.com Inc. is hiring by the hundreds in China to fill jobs ranging from internet software engineers to designers for Alexa, positioning the company to recoup some of the market share it lost to Alibaba Group Holding Ltd. in the world’s largest online shopping arena. The online retail giant lists almost 400 Chinese-based openings on its careers website and ...

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China’s latest crackdown on message groups chills WeChat users

Bloomberg Self-censorship is kicking in fast on WeChat as China’s new rules on message groups casts a chill among the 963 million users of Tencent Holdings Ltd.’s social network. Regulations released on September 7 made creators of online groups responsible for managing information within their forums and the behaviour of members. While they don’t take effect until October, authorities have ...

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May’s Brexit law passes hurdle but rebels demand re-writes

­­­­­­­­­­­Bloomberg Theresa May’s plans for taking Britain out of the European Union remain on track after members of Parliament cleared the way for her Brexit law to advance — but threatened to re-write it later. In a vote after midnight, lawmakers agreed to allow the EU withdrawal bill to continue its progress through Parliament, by 326 votes to 290. The ...

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Trump plans aggressive road show to sell tax overhaul

Bloomberg President Donald Trump plans an aggressive travel schedule, taking him to as many as 13 states over the next seven weeks, to sell the idea of a tax overhaul as the administration tries to avoid repeating the communications failures of its attempt to repeal Obamacare. With a make-or-break legislative battle looming on taxes, the White House is moving to ...

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UN passes N Korea sanctions sans oil embargo

Bloomberg ­­­­­­­­­­­­­­­ The United Nations Security Council approved new sanctions aimed at punishing North Korea for its latest missile and nuclear tests after the US dropped demands such as an oil embargo to win support from Russia and China. The 15-member council passed the resolution unanimously following a week of talks that began when Kim Jong Un’s regime tested its ...

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Hamdan inaugurates Cityscape Global

Dubai / WAM / Emirates Business His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Monday morning, inaugurated the three-day Cityscape Global exhibition, which is being hosted by the Dubai World Trade Centre (DWTC). HH Sheikh Hamdan bin Mohammed toured the exhibition halls and learnt about the most ...

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Dubai property sector entering a new cycle of growth: DAMAC

Dubai / Emirates Business During a visit to region’s biggest property event, DAMAC Properties Chairman, Hussain Sajwani, sees Dubai’s maturing property sector entering a new cycle of growth. DAMAC has significant presence at the 16th Cityscape Global 2017 with a 528 square meter stand. DAMAC’s first-half year sales performance, the continuing recovery of global economies through GDP growth indicators, as ...

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ADFD extends funding of AED18.4 million to Maldives government

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, is extending an Abu Dhabi government grant worth AED18.4 million to the Maldivian government. The grant seeks to support the balance of payments in the Maldives, improve the overall economic situation in the country, and aid the Maldivian government in achieving its ...

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‘Materials Handling’ exhibition kicks off

Dubai / Emirates Business Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Dubai Roads and Transport Authority (RTA) opened Materials Handling Middle East 2017 at the Dubai International Convention and Exhibition Centre (DICEC). The only comprehensive industry-spanning trade platform for the wider Middle East, Materials Handling Middle East 2017 got off to a busy ...

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Japan government to sell $12bn of Japan Post shares

Bloomberg Japan will sell about 1.3 trillion yen ($12 billion) of shares in Japan Post Holdings Co., the country’s biggest public offering this century, as the government continues its privatisation of the postal and financial-services giant. The Ministry of Finance will sell 990.1 million shares in the holding company, including an overallotment, it said in a statement. That amounts to ...

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