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ABU DHABI / WAM Abu Dhabi Ports announced a long-term agreement with MSC Cruises, giving the world’s largest privately-owned cruise line berthing rights at the Abu Dhabi Cruise Terminal and Sir Bani Yas Cruise Beach. The deal, signed by Director of Cruise Business at Abu Dhabi Ports, Noura Rashid Al Dhaheri, and MSC Cruise CEO, Gianni Onorato, at MSC’s headquarters ...

Bloomberg President Xi Jinping pledged that China would meet its economic and social development goals while winning the battle against the deadly coronavirus. “We have the ability and confidence not only to defeat the epidemic, but also to accomplish the set goals and tasks for economic and social development. I believe China will be more prosperous after overcoming this epidemic,” ...

Bloomberg Nissan Motor Co is stepping up its pursuit of claims against former Chairman Carlos Ghosn, suing for 10 billion yen ($91 million) in damages from the former leader of the Japanese automaker and its alliance with Renault SA. The lawsuit filed in Yokohama District Court seeks to “recover a significant part of the monetary damages inflicted on the company ...

Bloomberg Former Indian billionaire Vijay Mallya returned to a London court to fight extradition to his home country to face fraud and money-laundering charges. The tycoon’s lawyers said at a hearing that a previous ruling to send him back to India ignored evidence and simply misunderstood the circumstances that ultimately led to the collapse of Kingfisher Airlines Ltd in 2012. ...

Bloomberg Rising infection cases on board a quarantined cruise ship in Japan — likely evidence passengers are spreading the virus to one another — is raising concerns about their safety and sparking anger among the thousands still confined. There are now 174 infections aboard Carnival Corp’s Diamond Princess, the largest infection cluster outside China. The surging numbers are fueling concerns ...

Bloomberg Hong Kong’s biggest landlords have begun to slash rents for their commercial tenants as retailers struggle amid the spreading coronavirus. Sun Hung Kai Properties Ltd, the city’s largest developer by market value, will reduce rents for February by 30% to as much as 50% for some of its mall tenants to help them ride out the impact from the ...

Bloomberg Singapore will roll out a “strong” economic package next week as part of its national budget to mitigate the economic fallout from the coronavirus outbreak, with the impact on the trade-reliant city-state seen as worse than the 2003 Sars pandemic. The increased economic threat stems from several reasons, such as China’s economy being much bigger today as well as ...

Bloomberg The UK is planning to crack down on damaging Internet content on social media platforms, which could face fines for failing to prevent activities such as child exploitation and incitement to violence. The government is “minded” to give broadcast regulator Ofcom a role as internet watchdog, Culture Secretary Nicky Morgan and Home Secretary Priti Patel said in a statement ...

Bloomberg A deep slump in euro-area industrial output at the end of last year highlights the scale of the challenge the sector will face in 2020. The 2.1% drop — the steepest in almost four years — will raise doubts about a meaningful rebound in momentum. The economy barely expanded in the fourth quarter and the outlook at the start ...

Bloomberg Lyft Inc quarterly results and guidance for 2020 disappointed investors who punished the ride-hailing company for not promising profits sooner. The shares dropped more than 5% in extended trading. Lyft’s results came a few days after larger rival Uber Technologies Inc reported quarterly numbers that blew past analysts’ expectations and announced that it was moving up its target for ...