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  Bloomberg Brexit Secretary David Davis called on lawmakers to give the government permission to implement the will of the British people who voted for the UK’s formal departure from the European Union. Davis kicked off the debate in the House of Commons in London on Tuesday and made the case that the issue is straightforward. The lower house of …

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, and The Tourism Authority of Thailand (TAT) on Tuesday signed a landmark US$1 million agreement to increase tourism to Thailand. Under the new agreement, the Abu Dhabi-based airline and TAT will jointly promote travel to Thailand from priority markets including the United Arab Emirates, …

  Bloomberg Mitsubishi Aircraft Corp., which announced a fifth delay in the delivery of its passenger jet last week, plans to boost the number of engineers at a Seattle facility by more than a third as it steps up flight tests to meet an extended deadline. The maker of the Mitsubishi Regional Jet will increase staff to more than 200 …

  Dubai / Emirates Business JustKidding opened their retail operation in Abu Dhabi at Town Square, at Al Forsan Village located in Khalifa City ‘A’ area. Town Square is now home to several community focussed brands including JustKidding, a multi-brand retailer with all the leading baby brands under one roof. JustKidding was founded in 2006 by two loving and caring …

  Bloomberg US airlines tumbled the most in three months as concerns mounted that President Donald Trump’s ban on travel from seven predominantly Muslim nations will lead to more restrictions on flights. Investors are fearful that the US curbs will expand or be answered with retaliation by other nations, said Joe DeNardi, an analyst at Stifel Financial Corp. Trump already …

  Bloomberg Deutsche Bank AG was fined $629 million by UK and US authorities for compliance failures that saw the bank help wealthy Russians move about $10 billion out of the country using transactions that were likely thinly veiled attempts to cover up financial crime. The UK Financial Conduct Authority issued a 163 million-pound ($204 million) fine on Tuesday hours …

  Bloomberg India’s currency is poised to weaken this year as the central bank seeks to cushion the economy from excessive appreciation, according to Deutsche Bank AG. Though the rupee hit a record low in November, it was broadly stable through the year, slipping just 2.7 percent against the dollar. In real effective terms, which adjust for inflation differences and …

  Reuters Aktif Bank, Turkey’s largest privately-owned investment bank, received regulatory approval to sell up to $120 million via Islamic bonds, or sukuk, in what could be a rare deal in the international sukuk market. Turkey has seen steady issuance of sukuk from the government and the country’s Islamic banks, known domestically as participation banks, but corporate issuance remains rare …

  Bloomberg UniCredit SpA, Italy’s biggest bank, expects an 11.8 billion-euro ($12.6 billion) net loss for 2016 after setting aside more money for bad loans and booking one-time charges related to its turnaround plan. UniCredit took an additional charge of 1 billion euros, on top of the 12.2 billion euros announced December 13, as it booked a higher writedown of …

  TOKYO / AP Japan’s central bank upgraded its outlook for growth in the coming year on Tuesday but hedged its bets by keeping its lavish monetary easing unchanged. The Bank of Japan (BOJ) cited easy lending conditions, rising exports and stronger government and corporate spending, in part linked to the 2020 Tokyo Olympics, as reasons to expect more robust …