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Bloomberg Iliad SA has agreed to buy Polish telecommunications company Play Communications SA for $2.6 billion as it expands across Europe. French billionaire Xavier Niel’s Iliad has offered 39 zloty per share for Play, and has received binding commitments from two controlling shareholders for their 40% stake, the companies said in a statement on Monday. The cash-and-debt deal shows Niel’s ...

Bloomberg Tesla Inc. Chief Executive Officer (CEO) Elon Musk is rallying the troops as the end of the third quarter nears, urging employees in an email to make and sell as many electric cars as possible before September 30. “We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it,” said ...

Bloomberg Beta, a slow-moving tropical storm, will bring flooding rains to Texas and Louisiana as well as raking offshore energy fields with high winds, but may not reach hurricane strength. Beta’s winds will likely hold at 50 miles (80 km) per hour as it approaches the Texas coast, where it could drop between 5 to 10 inches of rain, including ...

Bloomberg The US government is falling behind global rivals when it comes to protecting meatpacking workers from Covid-19 infections, even though the nation’s plants were among the first to confront rampant cases across factories. In Germany, the government is ready to upend a labour contracting system that left poorly paid immigrant workers vulnerable. In Brazil, the federal government has set ...

NEW YORK / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, will lead the UAE’s delegation to the 75th session of the UN General Assembly and will virtually address the body on September 29 during the General Debate. During the high-level week, the UAE delegation will be engaging with other member states, UN ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Sunday signed two framework agreements with Mubadala Investment Company and Emirates Nuclear Energy Corporation (Enec) to partner on Adnoc’s In-Country Value (ICV) programme following the success of the programme which has driven more than AED44 billion ($12 billion) back into the UAE’s economy and created over 1,500 private-sector ...

ABU DHABI / WAM The Emirates Development Bank’s (EDB) newly appointed Board of Directors, held its first meeting on Sunday led by its Chairman, Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology. During the meeting, Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and SMEs, was selected as Deputy Chairman of the bank. The ...

Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) is encouraging the community to embrace a healthy lifestyle amidst the ongoing Covid-19 pandemic by following a balanced diet, drinking sufficient water, exercising, and sleeping adequately to maintain overall health, including mental wellbeing. Dr Anne Elzein Omara, Consultant Psychiatrist, Al Ain Hospital, said, “It is imperative that we understand ...

Bloomberg Saudi Industrial Investment Group and National Petrochemical Co. started talks to merge, potentially creating a firm with $11 billion in assets as Middle Eastern energy companies assess their options in a lower oil-price environment. The talks are at an initial stage, and no agreement has been reached, the companies said on Sunday. Saudi Industrial owns 50 percent of National ...

Bloomberg China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address US security concerns, according to a person familiar with the matter. Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global under an agreement that ...