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Bloomberg Tata Steel Ltd. plans to raise as much as $2 billion in a rights offer to help add capacity in India, where demand for the alloy is forecast to triple in over a decade. The money will be used to build and buy mills as well as to repay debt, the company said an exchange filing on Tuesday. The ...

Bloomberg Uber Technologies Inc. is set to reach the end of the road in a legal battle over a question that’s reached the European Union’s top court—is the world’s most valuable startup a taxi company or not? Uber has argued that it’s a technology platform connecting passengers with independent drivers, not a transportation company subject to the same rules as ...

Bloomberg Facebook Inc.’s messaging service WhatsApp was given a one-month ultimatum by one of Europe’s strictest privacy watchdogs, facing an order to stop sharing user data with its parent without getting the necessary consent. France’s data protection authority CNIL gave a sharp warning to WhatsApp by issuing a formal notice, criticising it for “insufficiently” cooperating. The decision comes a year ...

Bloomberg It’s quite a cocktail: throw in some profit-seeking techies, mix in the age-old Roman Catholic Church and add a twist of anti-globalism. What you get is a startup hub. A year ago, venture capitalists Stephen Forte of Fresco Capital Fund and Eric Harr of Imagine Ventures—both based in California— asked the Vatican to back a technology competition among startups ...

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, on Monday received Team Abu Dhabi, who recently won the Formula 1 Powerboat World Championship title. The winners were accompanied by His Highness Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Monday announced the findings of The Cloud Report 2017, commissioned in partnership with IBM and produced by Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. Launched at a joint press conference ...

DUBAI / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Airport Freezone Authority (DAFZA), has launched the ‘DAFZA’s Strategy for Islamic Economy’ which is based on strategic initiatives involving the Islamic economy and halal sectors. The strategy will help attract more foreign direct investments (FDIs) to the sectors and support the ‘Dubai – Capital ...

Dubai / WAM The Real Estate Investment Management and Promotion Centre, the investment arm of Dubai Land Department (DLD), has concluded its real estate roadshow and workshops in the United Kingdom. London was the last destination in the real estate roadshow, which aimed to promote Dubai’s real estate market and attract British investors. The roadshow, which earlier visited the Russian ...

Bloomberg President Donald Trump will declare China a “strategic competitor’’ to the US in a speech that lays out an official national security strategy heavily influenced by his views on trade and economic relations, senior administration officials said. The language, as described by the officials, appears softer than the label used by National Security Adviser H.R. McMaster, who last week ...

Bloomberg Many of the cargo containers passing through India’s busiest port in Mumbai have a small piece of Japan Inc. attached: Devices from NEC Corp. that can be tracked as the containers rumble through the interior of Asia’s third-largest economy. The partnership between NEC and the port illustrates the strengthening relationship between Tokyo and New Delhi. Japan is seeking growth ...