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Bloomberg The global excitement about electric cars faces a test in New York on Wednesday. China’s NIO Inc., which seeks to take on the likes of Tesla Inc., starts trading on the New York stock exchange after raising about $1 billion selling American depositary shares at $6.26 apiece. The electric-car maker, backed by Tencent Holdings Ltd., priced the stock near ...

Bloomberg Developers in Hong Kong are offering perks such as free rail tickets and early move-in dates in a further sign one of the world’s hottest property markets may finally be cooling. In a bid to shift apartments, CK Asset Holdings Ltd. is giving away high-speed rail holiday and travel packages, including accommodation, worth $35,700 for people who agree to ...

Bloomberg Trade associations representing farmers, retailers and manufacturers are joining forces in a new multi-million-dollar campaign to oppose President Donald Trump’s tariffs, in the latest attempt by US business to stop an escalating trade war. Groups lobbying for months to persuade the president that tariffs are the wrong approach have been largely ignored, as Trump slapped duties on billions of ...

Bloomberg Tech platforms and internet activists protested the outcome of a European Parliament vote on Wednesday to back copyright rules that would help video, music and other rights holders seek compensation for use of their content online. Alphabet Inc.’s Google, Facebook Inc. and other tech firms may now be forced to negotiate licenses for content that appears on their sites ...

Bloomberg North Carolina corn farmer Darren Armstrong is racing to harvest as much as he can before potentially the worst storm in 64 years hits the state. It’s already one of the busiest times of the year for US growers as they reap what they sowed in the spring. Now, Armstrong and scores of other crop, poultry and livestock farmers ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank (ADCB), has been announced as a ‘Corporate Champion’ for the second edition of the game-changing Innovation Challenge 2018 by Abu Dhabi Global Market (ADGM), and KPMG Lower Gulf Limited (KPMG LG). This year’s challenge will see ADCB and ADGM work directly with a selected FinTech firm to create a purpose-built, targeted solution ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in Dubai’s Department of Economic Development (DED), completed 17,710 transactions including 1,221 new trade licenses during the past month according to the ‘Business Map’ digital platform. Renewal of Licenses accounted for 9,071 transactions, while there were also 2,111 transactions related to Trade Name Reservation and 1,475 Initial Approvals. The Auto ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday it has signed an agreement with Etisalat Digital for a cloud-based digital signage advertising network. This digital signage project will be rolled out across 100 Adnoc Distribution service stations and will be the UAE’s largest out-of-home advertising network, establishing new means for both ...

DUBAI / Emirates Business Global trade enabler DP World has been awarded the Gulf Business Innovator of the Year Award for its collaboration with Virgin Hyperloop One to develop the DP World Cargospeed system that will deliver on-demand freight at the speed of flight and closer to the cost of trucking. The award was received on behalf of the two ...

Bloomberg ArcelorMittal has raised its bid for indebted Essar Steel India Ltd. to about $5.8 billion, people with knowledge of the matter said. The world’s biggest steelmaker recently sent a letter to Essar Steel’s lenders informing them of its new proposal, the people said, asking not to be identified because the information is private. The company has offered to repay ...