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Bloomberg Fiat Chrysler Automobiles NV agreed to sell its car-parts unit, Magneti Marelli, to KKR & Co.’s Calsonic Kansei in the first major deal for the Italian-American carmaker under new Chief Executive Officer Mike Manley. The transaction, valued at 6.2 billion euros ($7.1 billion), will create Japan-based Magneti Marelli CK Holdings, according to a statement. Beda Bolzenius, chief executive officer ...

Bloomberg Four-fifths of UK companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust supply chains, relocate production and services or stockpile products if no clarity emerges soon on Britain’s future relationship with the European Union after Brexit, according to ...

Bloomberg Netflix Inc. will make its most important announcement of the year on Tuesday, reporting how many new customers signed up for the world’s largest paid online TV service over the past three months. With tech stocks taking a drubbing this month, investors will be seeking reassurance that the company’s disappointing second quarter was just a blip and not a ...

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, received on Sunday Boyko Borissov, Prime Minister of Bulgaria, and discussed with him ways of strengthening bilateral relations between both countries, in addition to a number of regional and international issues of common interest. ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the National Policy for Senior Emiratis to reflect the directions of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, to cater for all segments of the UAE society and ensure ...

Dubai / WAM A delegation led by the Dubai Chamber of Commerce and Industry participated in the second UAE-France Economic Forum in Paris, which highlighted strengthening economic ties between the UAE and France, and explored prospects of expanding bilateral cooperation in areas of smart cities, renewable energy and investment. The high-level forum was organised by the Dubai Chamber of Commerce ...

HODEIDAH / WAM Dr Al Hassan Ali Taher, Hodeidah Governor, praised the UAE’s development and infrastructure services being carried out in Yemen’s Red Sea Coast region, noting their economic and social impacts on Yemenis and confirming the humanitarian commitment of the UAE towards the Yemeni people. Taher said the Yemeni people appreciate the UAE’s humanitarian and development role in Yemen, ...

Bloomberg The US, China and the European Union moved a few steps closer to a major clash at the World Trade Organisation (WTO) that risks testing the global trade referee’s neutrality and President Donald Trump’s patience for an institution he already hates. In a volley of filings, the EU, China and the US this week escalated disputes over new US ...

Bloomberg Japan’s exports unexpectedly fell in September — the first drop in almost two years — as natural disasters disrupted economic activity, while higher energy prices continued to feed gains in imports. While one-off events make it difficult to assess the impact of the US-China trade dispute, Japanese export growth has been slowing this year following double-digit expansion in 2017. ...

Bloomberg Google will start charging smartphone makers that want to install its app store and services for devices sold in Europe, changes it says it must make to comply with a European Union antitrust order in July that brought a record 4.3 billion euro ($5 billion) fine. Starting from October 29, new phone models that install the Play store and ...