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Abu Dhabi / WAM The Securities and Commodities Authority (SCA) announced a draft resolution on the practice of clearing activities on UAE capital markets, urging all parities concerned to send their feedback on the draft not later than September 17 before its entry into force. According to the draft, which excluded UAE banks and branches of licensed foreign banks, an NOC ...

Abu Dhabi / WAM The Ministry of Education and the Abu Dhabi Education Council (ADEC), have revealed the details of a new unified education system that was announced on Sunday, as per the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the monitoring of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid ...

Dubai / WAM The Commercial Compliance and Consumer Protection (CCCP), sector at Dubai Economy observed Monday as ‘Compliance Day’, as part of spreading awareness of commercial regulations and better compliance among businesses in the emirate. Compliance Day is celebrated in September every year with CCCP officials visiting commercial establishments to educate businesspeople and their employees on the importance of complying ...

Bloomberg Wells Fargo & Co. raised its estimate for how many bogus accounts employees may have created, a sign the bank is still struggling to move past a scandal that sparked record fines and congressional investigations. An outside review into more than 165 million deposit and credit-card accounts found an additional 1.4 million that were potentially unauthorised, bringing the total ...

Bloomberg Amazon.com Inc. will pay commissions to gamers, artists, chefs and others on its Twitch Interactive video-streaming service for selling products to their fans through its retail site. Think of it as video-game broadcasters hosting virtual Tupperware parties. Except they’re more likely to hawk headsets and consoles than salad spinners. At least for now. Twitch announced the initiative ahead of ...

Bloomberg Chancellor Angela Merkel said German authorities are committed to avoiding city driving bans for diesel cars and pledged to double a federal clean-air fund to 1 billion euros. Merkel sought to address fallout from Germany’s diesel scandal during a meeting at the chancellery in Berlin, a day after her main election opponent pressed her in a television debate to ...

Bloomberg A proposal to toughen UK laws to make it easier to hold companies accountable for financial crime is still under consideration by the government after years of back and forth, according to a speech from the solicitor general. “The weaknesses in our current law result in other jurisdictions holding British companies to account when ours has not,” Robert Buckland ...

Bloomberg In an economy growing at a moderate pace at best, the US job market keeps on shining. Payroll gains topped forecasts in five of the past seven months, putting the 2017 average increase of 184,000 almost on par with last year’s 187,000 and above levels typical for the eight-year expansion. Analysts expect barely any falloff from that pace in ...

Bloomberg Brexit has taken a back seat for traders and fund managers trying to predict the pound’s outlook over the next few months. Implied volatility in sterling is the among the lowest in the Group-of-10 countries over the next three months. This is despite the failure of the third round of separation talks between the UK and the European Union ...

Reuters A German businessman joined the field of potential bidders for insolvent Air Berlin, proposing to focus on only a few routes to holiday destinations. Air Berlin, Germany’s second-largest airline, filed for bankruptcy protection in August after shareholder Etihad Airways withdrew funding following years of losses. Now the carrier is to be carved up, most likely among several buyers, with ...