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Bloomberg Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space. The board of Ambani’s Reliance Industries Ltd approved a proposal to plow 1.08 trillion rupees ($15 billion) into ...

Bloomberg The lack of reliable crop data is a chronic problem for Indonesia and a start-up is on a mission to change that by using blockchain technology. A Jakarta-based startup HARA is using blockchain to collect and manage farm data, from soil and crop conditions to pest infestation, cultivation process, land ownership and grains transaction in a bid to help ...

Bloomberg Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double the market value and gain investor recognition for the industry’s most ambitious technology push. In an internal newsletter sent last week, Chief Financial Officer Frank Witter prodded managers to get behind a goal to reach a valuation ...

Bloomberg AT&T Inc shares rose after the company won plaudits from Elliott Management Corp with a three-year plan to do much of what the activist shareholder has pressed for, including separating its chairman and chief executive officer roles. AT&T said it would reach earnings of $4.50 to $4.80 a share by 2022, compared with analysts’ current estimate of $3.39 a ...

Bloomberg Once-popular loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks. Home equity lines of credit, open-ended loans that homeowners tap for cash using their properties as collateral, exploded in the run-up to the housing crash a decade ago, doubling in volume from 2003 to ...

Bloomberg President Donald Trump scored one of the biggest successes of his presidency with the killing of an IS leader, yet the battlefield victory isn’t likely to blunt the momentum of Democrats moving closer to impeaching him. The inquiry led by three House committees resumed with another slate of witnesses, even as the country absorbs Trump’s dramatic announcement of the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and visiting Brazilian President Jair Bolsonaro discussed enhancing bilateral cooperation, coordination and the importance of joint efforts to bolster regional and world security, stability and development. During the meeting, held at Qasr Al Watan ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday learned about the progress of the Youth Empowerment Strategy, which is aimed to ...

Abu Dhabi / WAM The Board of Management of the Federal Authority for Nuclear Regulation (FANR), convened its meeting at the site of the Barakah Nuclear Power Plant where it reviewed the progress of its operational activities and discussed a number of initiatives planned during this year. The Board learned about the latest updates of the FANR ongoing review of ...

Abu Dhabi / Emirates Business Abu Dhabi Waste Management Center (Tadweer) has signed Memorandum of Understanding (MoU) with Green Business Certification Inc to collaborate in the field of zero waste management. The MoU was signed by Dr Salem Khalfan Al Kaabi, General Manager of Tadweer and Mahesh Ramanujam, President & CEO of Green Business Certification Inc. Aligned with Tadweer’s objective ...