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Prime London office values may fall 20% this year on Brexit

  Bloomberg Central London office values will probably fall as much as 20 percent this year as the economy slows and investors are deterred by uncertainty in the face of the UK’s exit from Europe and increased business rates, according to Deutsche Bank AG’s asset management unit. Spending on properties in the British capital slowed sharply before and after the ...

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VP tours Middle East Rail 2017

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday visited Middle East Rail 2017, organised by the Federal Transport Authority – Land and Maritime, in cooperation with the Ministry of Infrastructure Development. During his visit to the two-day event, which is being held at the Dubai World ...

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‘Youth could deal positively with surrounding changes’

  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, visited an interactive exhibition held alongside the Mohammed bin Zayed Majlis for Future Generations on Tuesday, following its launch at the Abu Dhabi National Exhibition Centre (ADNEC). His Highness Sheikh Mohamed bin Zayed was ...

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Early detection best way to defeat cancer: Sharjah Ruler

  Sharjah / WAM The success of Pink Caravan’s journey should not be measured by the kilometres it travelled in the past six years, but by the number of detections, free screenings and medical advice provided by brave giving women who completely committed to the nation’s health and safety, HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member ...

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‘Yingde Group’s deal with PAG will hurt auction’

  Bloomberg Yingde Gases Group Co. Chairman Zhao Xiangti’s agreement to sell his stake to a private equity firm undermined the chance of a better deal from other potential buyers, according to an expelled founder fighting to regain management control. The allegation against Zhao is among the latest in the war of words between the three estranged founders of the ...

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Russian economy ‘exits’ recession

  Bloomberg Russia has exited recession, with a little help from the boys in uniform, a major statistical revision – and the global oil price. And not just any recession, but its longest in two decades. So what happened? Is the economy really out of the woods? Actually, the contraction ended a few quarters earlier than previously estimated, according to ...

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US moves parts of controversial missile defense to South Korea

  SEOUL / AP US missile launchers and other equipment needed to set up a controversial missile defense system have arrived in South Korea, the U.S. and South Korean militaries said on Tuesday, a day after North Korea test-launched four ballistic missiles into the ocean near Japan. The plans to deploy the Terminal High-Altitude Area Defense system, or THAAD, within ...

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Asia urged to ditch US and go ahead with regional trade deal

  Bloomberg Asian countries should pursue a Pacific trade pact even after the US walked away, and its standards should be incorporated into other regional deals, according to a report authored by half a dozen former trade envoys. Donald Trump withdrew from the 12-nation Trans-Pacific Partnership in one of his first acts as US president, throwing an agreement that covered ...

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China’s capital controls trigger backlash as deals thwarted

  Bloomberg Chinese corporate chiefs are turning vocal critics of the nation’s capital controls as the pile of scrapped deals grows. While the restrictions have helped alleviate pressure on the yuan, they’ve also curbed overseas acquisitions. Executives in Beijing during the National People’s Congress bemoaned the measures, saying they’re derailing expansion abroad — a key tenet of China’s long-term economic ...

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London smog bad for business

  Bloomberg London’s toxic air is bad for business. That’s the conclusion of commercial groups making their own plans to fight pollution for fear the government’s failure to tackle emissions levels that break legal limits is driving customers and workers away. At least 15 of the city’s 42 so-called business improvement districts, which were established a decade ago to fight ...

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