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Bloomberg BMW AG dodged a takeover attempt by Mercedes-Benz parent Daimler AG six decades ago, and ever since the two luxury-car icons have been bitter rivals — until recently. Reflecting the historic challenges gripping the auto industry, BMW and Daimler are reaching across the aisle to team up in what’s become an emerging trend in the sector. The latest rapprochement ...

Bloomberg Parts of the US government began shutting down on Saturday for the third time this year after a bipartisan spending deal collapsed over President Donald Trump’s demands for more money to build a wall along the US-Mexico border. Trump scuttled an agreement that would have kept the government open until February after coming under heavy criticism from conservative talk ...

ABU DHABI / WAM The ministerial meeting of the first UAE-Mali Joint Committee was held at the headquarters of the Ministry of Foreign Affairs and International Cooperation. The meeting was chaired by Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Kamisa Kamara, Minister for Foreign Affairs and International Cooperation of Mali. At the start of the ...

Paris / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah and Chairman of the Arabic Language Academy in Sharjah, met Dr Audrey Azoulay, Director-General of the United Nations Educational, Scientific and Cultural Organisation, Unesco, at its headquarters. During the meeting, which was held on the sidelines of the honouring ceremony of the ...

Dubai / Emirates Business The Dubai International Boat Show is readying for 2019, returning to the UAE’s most impressive city with a new look show celebrating all that makes a boating lifestyle so incredible. Heading into its 27th year, the Boat Show – taking place at the Dubai Canal from February 26 through March 2 – will once again gather ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA), and the aluminium sector which has grown around it, have generated economic activity accounting for 1.4 percent of the entire UAE economy, according to an expert study. The sector also supported 60,950 UAE jobs in 2017. One in every 100 people working in the UAE is employed in the aluminium sector, its ...

Bloomberg Samsung Electronics Co. is making a new push in the market for wireless network infrastructure. This time, the South Korean electronics giant’s timing may be just right. Mounting concerns in Europe and elsewhere about letting China’s ZTE Corp. and Huawei Technologies Co. provide vital components for fifth-generation cellular networks have coincided with Samsung’s ambition to capture 20 percent of ...

Bloomberg China is blowing through regulatory milestones as it completes an astonishing transformation from a market where basic Western drugs were once scarce to one where life-saving treatments are available ahead of the US — all in less than a year. The latest announcement that China has approved an anemia treatment from AstraZeneca Plc and FibroGen Inc. ahead of the ...

Bloomberg The Big Four accounting firms may have to split their operations into separate UK business units as part of a sweeping overhaul of the industry proposed by regulators that stopped short of the measures sought by some critics. The Competition and Markets Authority said audit work should be split from the much larger consulting business at an operational level, ...

Bloomberg General Electric Co (GE) has filed confidentially for an initial public offering of its health-care unit, according to people familiar with the matter, moving ahead with plans to spin off its second most profitable business line. The industrial conglomerate is working with Goldman Sachs Group Inc, Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co and Morgan Stanley ...