Iraqi forces discover chemical warfare agent in Mosul

  MOSUL / AP An Iraqi officer says Iraqi forces discovered sulfur mustard, a chemical warfare agent, in Mosul alongside a cache of Russian surface-to-surface missiles. Iraqi special forces Brig. Gen. Haider Fadhil said French officials tested the chemical agent this week and confirmed it was sulfur mustard. Iraqi forces showed journalists a tank of the chemical agent and a warehouse ...

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UBS clients pull $15.2bn in quarter as margins decline

  Bloomberg UBS Group AG suffered a net 15.2 billion francs ($15.2 billion) in withdrawals during the final three months of last year, in part because investors moved money out of Switzerland before the government shares their data with tax authorities, a trend that’s expected to continue this year. The bank fell as much as 3.9 percent in Zurich trading, ...

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Barclays to expand Dublin office post Brexit

  Bloomberg Barclays Plc has settled on Dublin for its main hub inside the European Union after Brexit and is planning to add about 150 staff there if UK-based finance companies lose easy access to the trading bloc, according to people with knowledge of the decision. The bank started scouting the city for office space this month and has been ...

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Arab Bank reports 20% growth in profit

  Emirates Business Arab Bank Group announced its 2016 results reporting a growth of 20% in net profits. Net operating income before provisions and taxes exceeded US$1.1 billion, whilst the Group’s net profit after tax reached $533 million for the year 2016 as compared to US $ 442 million for 2015. Excluding the effect of foreign currency devaluations, the Bank ...

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Parisian bankers target Fintech catch up, eye Brexit opening

Bloomberg After years of lagging behind London on spawning financial technology startups, Paris this week hosted a show of force aimed at proving the French capital can catch up as more than 1,500 bankers, investors and entrepreneurs gathered. The Paris Fintech Forum, which took place in the old bourse’s temple-like building, tripled its turnout from last year. With the UK’s ...

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Tesco to create UK’s leading food business with £3.7bn deal

  Bloomberg Tesco Plc agreed to buy Booker Group Plc for about 3.7 billion pounds ($4.6 billion), pooling the UK’s biggest supermarket chain with the No. 1 food wholesaler and gaining access to the fast-growing market to supply restaurants and hotels. The grocer said it will pay a mixture of cash and shares worth 12 percent more than at Thursday’s ...

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Turkey’s Burger King chain may fetch $2bn

  Bloomberg TAB Gida Sanayi & Ticaret AS, the Turkish company that controls the biggest international Burger King franchise, is considering an initial public offering that could value it at more than $2 billion, people familiar with the matter said. The owners of TAB Gida, which also has the rights to operate Burger King in China, are working with Moelis ...

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Southwest says stronger demand is poised to halt

  Bloomberg Southwest Airlines Co., the largest US discounter, is benefiting from a pickup in demand and pricing power that began late last year and is carrying over into 2017. Airfares are firming up after almost two years of declines, Chief Executive Officer Gary Kelly said. Revenue from each seat flown a mile, an industry benchmark, is poised to end ...

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Eye scans are replacing airline boarding passes in USA

  Bloomberg Clear, the biometric screening firm long hobbled by a limited network, is landing in several major US airports soon—including New York’s LaGuardia—marking the start of an era that could radically accelerate your trip from curb to cabin. But there are some bumps to smooth out first. Clear, which started at JFK International Airport earlier this month, will open ...

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Austria’s ‘notorious’ slope

  Kitzbuehel / DPA Without my poles I would have been lost. I was using all my strength to push them into the slope and pull myself up. I had no idea the competition would be so hard. I was taking part in order to conquer one of the most dangerous ski runs in the world, the “Streif” in Austria’s ...

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