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Bloomberg If time is money, big M&A is getting a lot costlier in the European Union thanks to a tactic increasingly deployed by the bloc’s merger watchdogs in Brussels. Bayer AG’s bid for Monsanto Co is just one of a growing number of deals stalled by regulators stopping the clock more than once during strictly timetabled in-depth investigations to demand ...

Bloomberg Two of Greece’s biggest projects—together valued at about $12.8 billion— have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments it desperately needs for an economic recovery. Lamda Development, which is managing the Hellinikon site, the biggest real estate investment in country, said that Greece’s efforts to go back on terms already agreed ...

Bloomberg Apple Inc., seeking a breakthrough product to succeed the iPhone, aims to have technology ready for an augmented-reality headset in 2019 and could ship a product as early as 2020. Unlike the current generation of virtual reality headsets that use a smartphone as the engine and screen, Apple’s device will have its own display and run on a new ...

Bloomberg US President Donald Trump once again waded into the controversy of whether he thinks Russia meddled in last year’s election, saying on Sunday that he believes “very much in our intelligence agencies.” A day earlier, the US leader said that Vladimir Putin believed he didn’t interfere, prompting questions about whether Trump actually took the Russian president at his word. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, attended part of the 2nd Annual Meeting of the Global Future Councils (AMGFC) organised in partnership between the UAE Government and the World Economic Forum (WEF) – Davos. During a meeting with the Founder and Executive Chairman ...

Abu Dhabi / WAM Huda Alkhamis-Kanoo, founder of Abu Dhabi Music and Arts Foundation (ADMAF), has been awarded the Chevalier Insigna in the French National Order of the Legion of Honour, as decreed by the French President Emmanuel Macron. The honour was awarded in recognition of her significant contribution to the development and promotion of the UAE’s cultural sector and ...

Abu Dhabi / WAM Saudi Aramco is expected to send its biggest ever delegation to this week’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), as Middle East national oil companies (NOCs) establish new commercial partnerships and diversify their operations to ensure sustained long-term growth. With a production capacity of around 12 million barrels of oil per day and rights ...

Abu Dhabi / Emirates Business The 2017 edition of the Dubai Airshow will mark Mubadala Investment Company’s 10th anniversary in the aerospace industry, following a decade of strategic investment that has accelerated the growth of a flourishing, leading-edge aerospace hub in Abu Dhabi anchored by homegrown success stories such as Strata Manufacturing (Strata). Over the past 10 years, Mubadala’s aerospace ...

Bloomberg Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza broke last year’s all-time high of 120.7 billion yuan ($18.2 billion) by 1:09 pm in Beijing, with about 11 hours still to go before the final bell. The annual frenzy had already hit $8.6 billion in sales in the first hour after starting at midnight, and by 8 am some 82 ...

Bloomberg The euphoria around Chinese fintech listings may be starting to wane. Online lender PPDAI Group Inc. raised $221 million after pricing its US initial public offering below the bottom end of a marketed range. The stock climbed 1.2 percent to $13.15 as of 12:52 pm in New York. Rival Qudian Inc. fell below its offer price the week after ...