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Belgrade / Emirates Business Dr Mohammed Al Zarooni, Chairman of the World Free Zones Organisation (WFZO) met with Serbian Minister of Finance, Siniša Mali in Serbia. The meeting was held to explore the role of Serbian free zones in advancing Serbian economic growth and managing the growth and sustainability of foreign direct investment through Serbian free zones. The agenda of ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) announced on Saturday that its smart response initiative for technical notifications has saved up to 300 million gallons of water and more than AED17 million. Customer service satisfaction rates also reached 91 percent since the initiative’s launch in July 2019, the authority added. The ‘Smart Response Service’ has several features ...

Bloomberg Alphabet Inc’s Google and Facebook Inc would face limits on the online tracking and data sharing that power their advertising businesses under a bipartisan House proposal to establish the nation’s first federal privacy law. The draft legislation from the House Energy & Commerce Committee, which oversees online privacy issues, could diminish companies’ ability to monitor users across the web ...

Bloomberg Elon Musk has moved a step closer to building his first car factory on the home turf of Volkswagen AG, Daimler AG and BMW AG as his company hammered out a contract to buy land in Germany. Officials in the state of Brandenburg said they agreed the text of a contract with Tesla Inc to sell a 300-hectare (741-acre) ...

Bloomberg A judge ordered Uber Technologies Inc’s operation in Colombia to suspend its ride-hailing business after a technology platform presented a lawsuit claiming the company was providing the service through unfair competition. A judge at the Superintendency of Industry and Commerce, which regulates the market, ruled that Uber’s app violated competition norms, the regulator said. Cotech SA, a taxi-service platform, ...

Bloomberg President Donald Trump told Brazilian President Jair Bolsonaro he won’t reimpose tariffs on steel and aluminum from the Latin American nation, a person familiar with the discussions said. Just had a great call with the President of Brazil, @JairBolsonaro. We discussed many subjects including Trade. The relationship between the United States and Brazil has never been Stronger!, Donald J ...

Bloomberg An Italian parliamentary body has told the government to “very seriously” consider banning Huawei Technologies Co and other Chinese equipment suppliers from the country’s fifth-generation mobile networks. In a report concluding a yearlong review, the intelligence and security committee said concerns about using Chinese companies to install and maintain 5G networks in Italy were “largely grounded,” given the Beijing ...

Bloomberg The Indian government is trying to stop Reliance Industries Ltd from paring its assets including a plan to sell a 20% stake to Saudi Aramco, the Times of India reported. The demand was made in an ongoing court case against Reliance Industries and British Gas, the paper said. The government has sought to prevent the two companies from selling ...

Bloomberg It’s been a long week for the Shetty family. The billionaire clan behind hospital operator NMC Health Plc and financial services firm Finablr Plc has seen its fortune drop by about $820 million since short-seller Carson Block issued a report criticising the medical company’s accounts and disclosing a short position. NMC shares tumbled 32% in response to the report, ...

Bloomberg Southeast Asia is set for another year of low inflation, generating difficult choices for the region’s central banks. S&P Global Ratings sees inflation remaining below central bank targets in most cases in 2020, according to Shaun Roache, S&P’s chief APAC economist in Singapore. Policy makers may soon have to think about using tools other than interest rates to achieve ...