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Bloomberg India warned that fiscal slippages could be a drag on Asia’s third-largest economy in the year to March 2018, but pledged to meet its budget deficit targets as it sought to reassure investors and global rating companies. The mid-year survey of the economy released by Prime Minister Narendra Modi’s chief economic adviser, Arvind Subramanian, also called for interest rates ...

Bloomberg Facebook Inc. has found a new way to enter China: secretly launching an app under a different name. The photo-sharing app, called Colorful Balloons, was released in May to help Facebook enter a market that it’s been blocked from since 2009, according to a person familiar with the matter. Facebook has said its goal of connecting the world wouldn’t ...

Bloomberg China’s President Xi Jinping moved to calm growing tensions over North Korea, telling US leader Donald Trump in a phone call that all sides should maintain restraint and avoid inflammatory comments. Xi’s comments, reported by China’s CCTV, came shortly after Trump added to his recent aggressive tweets by saying that US military options were “locked and loaded” if North ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, met His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in Dubai. During the meeting, Their Highnesses discussed a number of national and regional issues ...

DUBAI / WAM The robust growth momentum of the non-oil private sector in Dubai was maintained in July, with the seasonally adjusted Emirates NBD Dubai Economy Tracker Index, a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy, at 56.3 in July, broadly similar to 56.5 in June. The latest index reading ...

DUBAI/ WAM Dubai Exports, the export promotion agency of Dubai Economy, received a delegation from India led by Sadhvi Niranjan Jyoti, Minister of State for Food Processing, who was in the UAE as part of the preparations for the ‘World Food India 2017,’ India’s largest event for the food processing and allied sectors, to be held from November 3-5 this ...

ABU DHABI / Emirates Business The Abu Dhabi Urban Planning Council (UPC) has launched its revamped Public Realm Design Manual (PRDM) to ensure people living in the Emirate have convenient access to community facilities, such as parks and waterfronts. The PRDM – originally commissioned in 2011 to guide the development of a world-class public realm – is used by municipalities, ...

Bloomberg As Cuban refugees, the Fanjuls have a familiar story to tell. They fled the revolution. Fidel Castro’s forces seized everything they owned on the island, business interests, homes, a fortune in fine art. But they didn’t arrive in Florida in 1960 empty handed. Patriarch Alfonso Fanjul Sr., one of the world’s most prosperous sugar barons before Castro came onto ...

Bloomberg Last month’s second round of discussions on extricating Britain from the European Union produced a “significant step forward” on the thorny issue of citizens’ rights, even though the talks were at times tricky, Brexit Secretary David Davis said. In the July 17-20 talks in Brussels, negotiators focused on discussing the rights of EU citizens in Britain and those of ...

Bloomberg Walt Disney Co.’s Bob Iger is ready to embrace the cord cutter. Disney, the world’s largest entertainment company, outlined plans on Tuesday to sell some of its premiere content directly to consumers online starting next year. It will offer live sports and animated films including “Toy Story 4,” sidestepping partners from Netflix Inc. to pay-TV providers like Comcast Corp. ...