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British blue chips snub investor calls to reveal CEO pay ratios

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  Bloomberg Some of Britain’s biggest companies are bucking calls to reveal more data about executive pay, risking a fresh rift with major investors who are urging the government to combat ballooning wage inequality. Four of the 16 FTSE 100 companies that responded to a Bloomberg survey — GlaxoSmithKline, AstraZeneca, Aviva and Anglo American — said they won’t publish a ...

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China flexes muscles in commodities trading

China flexes muscles in commodities trading copy

  Bloomberg China’s stepping up its campaign for greater clout in global commodities trading. The Asian nation’s state-run Sinochem Group is said to be in early talks to become a strategic investor in embattled commodities trader Noble Group Ltd. A potential deal could give the Chinese oil and chemicals behemoth access to Noble’s trading expertise and businesses around the world, ...

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Sleepless nights costing Japan’s economy billions each year

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  Bloomberg Sleep deprivation is doing more harm in Japan than just making people grumpy and unhealthy. It is also holding back the world’s third-largest economy. The problem has been getting worse in recent years. Nearly half of full-time workers say they don’t get enough sleep, citing long overtime hours as a primary reason, according to a government white paper ...

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Strong consumer spending spurs Malaysia’s growth

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  Bloomberg Malaysia’s economy grew at the fastest pace in a year last quarter, as stronger consumer spending and an export recovery helped counter falling government expenditure. Gross domestic product rose 4.5 percent last quarter from a year earlier, Bank Negara Malaysia said in an e-mailed statement on Thursday. The median estimate of 18 economists surveyed by Bloomberg was 4.4 ...

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Apple struggles to make bigger deals, hampering strategy shifts

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  Bloomberg “We are always looking at acquisitions,” Apple Inc. Chief Executive Officer Tim Cook told analysts last month. “There’s not a size that we would not do.” It’s a message he’s increasingly stressed over the past year as investors question how the world’s most valuable technology company plans to use its $246 billion cash pile to meet ambitious sales ...

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Nestle braces for slowdown as new CEO plans restructuring

Nestle braces for slowdown as new ceo plans restructuring

  Bloomberg Nestle SA’s new Chief Executive Officer Mark Schneider said it will take years to return to the growth rates targeted by his predecessors and will consider exiting underperforming businesses if he can’t fix them. The world’s largest food company forecast revenue will increase 2 percent to 4 percent on an organic basis this year, below a long-held goal ...

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Majlis of Mohamed bin Zayed hosts lecture by Google’s Kent Walker

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  Abu Dhabi / WAM The Majlis of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, hosted on Wednesday a lecture by Kent Walker, Executive Vice President of Legal, Policy, Trust and Safety and Google.org at Google. The lecture, held at Al Bateen Palace in Abu Dhabi, ...

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Dubai Cares marks 10th anniv, honours donors for their support

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  Dubai / WAM Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, hosted on Wednesday a special ceremony to celebrate the UAE-based global philanthropic organisation’s 10th anniversary and extended its gratitude to the UAE community for its generous support over the past decade. The ceremony, which was attended by Vice President, Prime Minister and Ruler of Dubai, His ...

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White House: Mideast peace may not be 2-state solution

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  WASHINGTON / AP As Israeli Prime Minister Benjamin Netanyahu visits the White House, the Trump administration has suggested that peace between the Israelis and Palestinians may not come in the form of a two-state solution — a position that could represent a dramatic shift from 20 years of US policy. Speaking to reporters ahead of President Donald Trump’s meeting ...

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UAE, Slovenia seek to boost economic ties

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  Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, the UAE Minister of Economy, and Dr. Milo Cerar, Prime Minister of Slovenia, discussed the promotion of economic ties and strengthening of commercial, investment and tourism co-operation between the two countries. The meeting between the two parties was held on the sidelines of the 5th World Government Summit. The two parties ...

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