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ABU DHABI / WAM “VAT for the Import and Export Sector and Registration Mechanism” was the title of an awareness workshop organised by the Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Federal Tax Authority, on Sunday to spread awareness amongst import and export companies on the mechanism of applying the value added tax in the country. ...

Bloomberg The UK is piling pressure on the European Union to shift the focus of Brexit negotiations away from the terms of divorce and onto their future relationship. Britain will publish a flurry of documents in the coming days laying out the government’s position on topics ranging from data protection to judicial cooperation. Five papers are due to be published ...

Bloomberg Alphabet Inc.’s Google is developing new tools designed to boost subscriptions for news publishers. It follows a similar olive branch from Facebook Inc. to an industry that has seen the digital behemoths take over the online advertising market. Google’s latest foray arrives on three fronts. The first is a revamp of its feature, called “first click free,” that allows ...

Bloomberg One in 10 adults in the UK owns multiple houses, underscoring a growing generational divide in the nation’s property market. While overall home ownership has dropped this century as prices skyrocketed, the number of people with at least two properties has jumped 30 percent to 5.2 million between 2000-02 and 2012-14, the Resolution Foundation said. The vast majority of ...

Bloomberg Nestle SA’s Poland Spring Water unit has duped American consumers into paying premium prices for ordinary groundwater that’s pumped from some of Maine’s most populated areas, rather than from natural springs as the company advertises, according to a lawsuit. While Poland Springs says its water bottles contain “100 percent natural spring water” from a source deep in Maine’s woods, ...

Bloomberg At a private estate on Pebble Beach Golf Course in Carmel, Calif., Mercedes-Benz unveiled its latest concept car: the Mercedes-Maybach Vision 6 Cabriolet last week. Like the Vision Mercedes-Maybach 6 concept that the company unveiled prior to the Pebble Beach Concours d’Elegance last year, the Maybach 6 Cabriolet is an electric car that’s nearly 20 feet long, has a ...

Generals, the old saying goes, always fight the last war. A similar (though less pithy) principle is that politicians always propose solutions to the last decade’s problems. In the US, there are two main areas where we see this principle at work. The first is immigration—net illegal immigration stopped a decade ago, but President Donald Trump and his supporters are ...

Vaclav Havel, the Czech dissident-turned-president, wrote a famous essay about the life of the mind under a system of totalitarian control. He invoked the example of a greengrocer who puts a sign in his window saying, “Workers of the world, unite!”— not believing in it and perhaps not even knowing what it meant, but ritually accepting it as the officially ...

Facts are facts, but their interpretation is often subject to preconceived notions that can be easily misunderstood. Households have been net sellers of stocks for some time, which is a fact. The interpretation of this fact, however, can go badly awry. The dangerous implicit assumption is that households are selling because they want to reduce their exposure to equities. That ...

Merck chief executive Kenneth Frazier deserves congratulations for resigning from a White House business council to protest President Donald Trump’s shameful response to last weekend’s white supremacist riot in Charlottesville, Virginia. So do two other CEOs who followed his example. More corporate leaders should do the same. It’s in their interest to do so. Corporate leaders lend credibility to a ...