Thursday, March 23, 2017

Business News


Jaguar XE ad banned for prompting ‘unsafe’ hands-free technology

A newspaper advertorial for Jaguar’s hands-free mobile technology has been banned over safety concerns. The Advertising Standards Authority (ASA), while acknowledging that use of hands-free technology was not illegal, stated using these equipment could prove a risk. “We concluded that the advertorial was irresponsible because it was likely to encourage ...

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Dubai retail supply to grow 25% by 2020

Dubai has the second highest “mall density” in the world – at current retail area 1,214 square metres per 1,000 people, and only behind New York. A new retail study by real estate company Core Savills, says retail supply is expected to continue to rise by 25 per cent in ...

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UAE economy to grow by 4% in 2017

The UAE’s economy is predicted to grow between 3.5 to 4 per cent this year. Engineer Sultan bin Saeed Al Mansouri, Minister of Economy, says this will be driven by the country’s growing investment attractiveness. He added that the oil sector contributes around 30 per cent of the country’s total ...

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Standard Life, Aberdeen Asset Management confirm merger talks

A deal that would create the UK’s largest fund manager could be announced later on Monday. Two of Scotland’s biggest financial companies, Standard Life and Aberdeen Asset Management, confirmed at the weekend that they were in merger talks. The pair say merging would create cost savings and boost profits. However, ...

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Peugeot’s owner PSA buys Vauxhall and Opel

French firm PSA, which owns Peugeot and Citroen, have bought the European arm of General Motors, including Vauxhall’s UK plants, for 1.9 billion pounds ($2.33 billion). PSA Group and GM announced the sale on Monday in Paris. Following the new the acquisition, PSA will become Europe’s second largest carmaker, behind ...

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