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Bloomberg Uber Technologies Inc has suspended 240 user accounts in Mexico to contain the potential spread of coronavirus. The users suspended had ridden with two drivers who came into contact with a possible coronavirus case, according to a statement posted to the company’s Mexican Twitter account. To date, there have been no confirmed cases of the virus in the country. ...

Bloomberg Twelve hours after the UK formally left the European Union, the bloc’s poorer members gathered in an old Franciscan convent in southern Portugal to rally against a looming budgetary shortfall that’s partly due to the loss of British contributions. Brexit is deepening the rift between richer and poorer EU states as they clash on the bloc’s trillion-euro ($1.1 trillion) ...

Bloomberg The libertarian financial website Zero Hedge was permanently suspended from Twitter after it published an article questioning the involvement of a Chinese scientist in the outbreak of the deadly novel coronavirus. On its website, Zero Hedge’s pseudonymous author “Tyler Durden” said he received a notification from Twitter that he had violated “our rules against abuse and harassment.” Earlier, BuzzFeed ...

Bloomberg Elon Musk’s fortune swelled by $2.3 billion in the span of an hour after shares of Tesla Inc soared in extended trading on stronger-than-expected fourth-quarter earnings and an accelerated timetable for the new Model Y crossover SUV. The electric-vehicle maker’s stock, which closed at $580.99, surged 12% to $649 at New York, boosting the chief executive officer’s net worth ...

Bloomberg In July of 2017, International Business Machines Corp executive Arvind Krishna walked into a routine meeting with senior leaders and delivered a surprise pitch that changed the course of the iconic 108-year-old company’s future. For months Krishna, the head of IBM’s cloud computing division, had been thinking about a way to connect clients’ most important data, which was often ...

Bloomberg The Arab League should adopt a united stance towards US President Donald Trump’s Mideast plan, which is unlikely to achieve peace and stability for Palestine and Israel, its Secretary General Ahmed Aboul Gheit said. “Today’s meeting is a message that the Palestinians are not alone,” Gheit said on Saturday at the start of an emergency meeting of Arab foreign ...

Bloomberg Indian Prime Minister Narendra Modi’s government plans to sell an unprecedented amount of bonds for a second straight year as a slowing economy forces it to sacrifice fiscal discipline. The administration plans to borrow 7.8 trillion rupees ($109 billion) in the year starting from April 1, Finance Minister Nirmala Sitharaman said in her budget speech on Saturday. That’s in ...

Bloomberg Chinese regulators unveiled a slew of measures to ensure stability of its $45 trillion financial system as the nation stepped up the fight against the spreading virus. The China Banking and Insurance Regulatory Commission will “suitably extend grace period” for firms that have difficulty meeting end-2020 deadline to comply with new asset management rules, CBIRC vice chairman Cao Yu ...

ABU DHABI / WAM Strata Manufacturing, Strata, the advanced composite aero structures manufacturing facility wholly-owned by Mubadala Investment Company PJSC, is celebrating the delivery of its first shipset of Flap Track Fairings for the PC-24, the twin-engine Super Versatile Jet produced by Pilatus Aircraft Ltd of Switzerland. The delivery of the first shipset of Flap Track Fairings comes within eight ...

DUBAI / Emirates Business Leading trade enabler, DP World, UAE Region and Zhejiang Zhidi Holding Ltd. (ZZH or Zhidi Company) of China will jointly explore the establishment of a sophisticated next-generation logistics hub to meet the rising demand for conventional and e-commerce services in Dubai. The memorandum of understanding (MoU) signed between the two sides states that the intent is ...