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Bloomberg The board of Flipkart Online Services Pvt has approved an agreement to sell about 75 percent of the company to a Walmart Inc.-led group for approximately $15 billion, according to people familiar with the matter, an enormous bet by the American retailer on international expansion. Under the proposed deal, SoftBank Group Corp. will sell all of the 20-plus percent ...

Bloomberg In the middle of a brand-new four-lane highway cutting through southern Sri Lanka’s jungle, Vijitha Gamage and his family left large piles of freshly harvested rice paddy to dry on the baking asphalt. They didn’t need to dodge traffic. On a recent afternoon, the barely used highway built with Chinese money through a rural stretch of the island nation ...

Bloomberg Two days of US-China trade discussions ended in Beijing with an agreement to keep on talking, and little else. China’s official Xinhua News Agency reported that both sides reached a consensus on some trade issues while acknowledging major disagreements on some matters. It said they would continue discussions, without providing specifics for when they would start again. Neither side ...

Bloomberg The European Union is leaving open the option of a settlement with President Donald Trump over his controversial metal tariffs on the basis of US import quotas, according to officials from the bloc. An EU condition for such a deal would be that any US limits on steel and aluminum from the 28-nation bloc be set at levels no ...

Bloomberg The US unemployment rate dipped below 4 percent for the first time in 17 years, but other details of the April jobs report kept any celebration in check. Despite reports of firms struggling to find skilled workers, average hourly earnings showed a deceleration, rising 0.1 percent from the prior month and 2.6 percent from a year earlier, both less ...

Wellington / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Winston Peters, New Zealand’s Deputy Prime Minister and Minister of Foreign Affairs. During the meeting, the two sides discussed means to advance relations between the UAE and New Zealand, and to strengthen frameworks of cooperation across various sectors, including the trade ...

Dubai / Emirates Business Future Blockchain Summit, the world’s largest blockchain festival, hosted by Smart Dubai and organised by Dubai World Trade Centre (DWTC), opened its doors on Wednesday. From a world-class line up of speakers to game-changing signings, experts from around the world have come to Dubai – the future blockchain capital of the world. During her keynote speech ...

Sharjah / WAM In a groundbreaking achievement for the UAE, Sharjah has been named a ‘Child- Friendly City’ (CFC), by the United Nations Children’s Fund (UNICEF), in recognition of its outstanding efforts and accomplishments in the protection and promotion of children’s rights. The accolade comes just three years after the emirate was named ‘Baby-Friendly City’ by the UN and World ...

DUBAI / WAM The Dubai Business Women Council (DBWC), received a delegation from the University Leadership Consortium (ULC), to discuss coordinating joint efforts and exchange skills and expertise. This came during a meeting at the Dubai Chamber of Commerce and Industry headquarters, which was attended by Dr Raja Al Gurg, President of the DBWC, and a number of board members ...

Bloomberg The prospect of a no-deal Brexit is real again. European Union chief negotiator Michel Barnier is ramping up his rhetoric and officials in private worry that the risk of a messy divorce, which had receded at the end of last year, is now back. At least twice in the last week Barnier has made public warnings that talks could ...