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Bloomberg Uber Technologies Inc. approved SoftBank Group Corp.’s offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private startup deals ever. The agreement lets SoftBank and other firms invest up to $1 billion in Uber and proceed with a tender offer in coming weeks to buy up to $9 billion in ...

Bloomberg Brookfield Asset Management Inc. has bid more than $14 billion to acquire the stake it doesn’t already hold in mall owner GGP Inc., according to a person with knowledge of the matter. The Canadian investment firm made an offer of about $23 per share, the person said, asking not to be identified because the information is private. The price ...

Bloomberg Brian Lawley was among the first to reserve a Tesla Model 3 after standing in a lengthy line in March 2016 to plunk down $2,000 for not one but two reservations. Almost 20 months later, he’s not going anywhere—even though the wait just got longer. “I just want Tesla to get the Model 3 right, even if it takes ...

BAGHDAD / ANKARA / Reuters More than 400 people were killed in Iran when a magnitude 7.3 earthquake jolted the country on Sunday, state media said, and rescuers were searching for dozens trapped under rubble in the mountainous area. At least six have died in Iraq as well. State television said more than 407 people were killed in Iran and ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday inaugurated the 12th edition of the Dubai Air Show. Also present during the inauguration were HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman ...

Abu Dhabi / Emirates Business Twenty-six of the world’s leading oil and gas industry leaders gathered in Abu Dhabi on Sunday to discuss the evolving energy landscape amid shifting dynamics of supply and demand, at the second Abu Dhabi CEO Roundtable. The senior executives were invited to the roundtable, held at ADNOC’s Corporate headquarters in the UAE capital, by ADNOC. ...

Sharjah / Emirates Business Sharjah International Book Fair (SIBF) concluded on a record-breaking note, with the 36th edition of the world’s third largest book fair attracting 2.38 million visitors over its 11-day run at Expo Centre Sharjah. The figure compares to the 2.31 million visitors that attended last year. SIBF 2017 featured more than 2,600 events and the participation of ...

ABU DHABI / Emirates Business The Ministry of Climate Change and Environment (MOCCAE), signed MoUs with Dubai Police, the Telecommunications Regulatory Authority (TRA), and Dubai Municipality (DM), on stepping up coordination in combating illegal trade in endangered species in the UAE. Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, and Major-General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai ...

Bloomberg South Korean President Moon Jae-in will visit China for a summit in December, his office said, with tensions over North Korea’s nuclear weapons programme high on the agenda. The agreement was disclosed as Moon and Chinese President Xi Jinping met on the sidelines of the Asia-Pacific Economic Cooperation summit in Danang, Vietnam. In a sign that tensions remain between ...

Bloomberg Huochebang and Yunmanman, the two biggest apps for Uber-like truck services in China, are in talks to merge, people familiar with the matter said. Wang Gang, a backer of Yunmanman and an angel investor in ride-hailing giant Didi Chuxing, is the top candidate to become chief executive officer if the companies merge, the people said, asking not to be ...