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­­­­­­­­­­­Bloomberg Wal-Mart Stores Inc., racing to fend off Amazon.com Inc. and a fresh attack from European grocery discounters, gave a lukewarm earnings forecast for the third quarter, a sign that heavy spending aimed at maintaining its edge is taking a toll. The shares slid recently after the retail giant said that profit will be 90 cents to 98 cents a ...

Bloomberg Uber Technologies Inc.’s co-founder Travis Kalanick fired back at investor Benchmark, saying its lawsuit seeking to oust him from the ride-hailing company’s board is based on “a fabrication” and accused the firm of threats and intimidation. Upping the ante on his fight with the venture capital firm, which holds a 13 percent stake in Uber, Kalanick said that Benchmark ...

­­­­­­­­­­­Bloomberg The UK is preparing to give further details of its approach to Brexit next week when it lays out positions in at least three different areas that it wants to negotiate with the European Union. Prime Minister Theresa May’s government will publish two papers on Monday with more expected in the following days, as Britain and the EU gear ...

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 ...