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Bloomberg US antitrust enforcers have started an in-depth review of Google’s $2.6 billion planned acquisition of a data analytics company, a further sign of greater scrutiny on big technology companies, according to people familiar with the situation. The antitrust division of the US Department of Justice (DOJ) is seeking more information from Google and Looker Data Sciences Inc related to ...

Bloomberg The Securities and Exchange Commission (SEC) obtained a restraining order to stop the encrypted messaging app Telegram from flooding the US with digital tokens, claiming that its coins are unregistered securities that can’t be sold to American investors. The order halts Telegram from selling digital tokens known as Grams, according to a complaint unsealed in federal court in Manhattan. ...

Bloomberg The United Auto Workers (UAW) made a counter proposal to General Motors (GM) Co that would end a nearly month-long strike if the automaker agrees, capping a tumultuous day in which the union and company traded barbs and blame. UAW Vice President Terry Dittes offered no specifics on the proposal in a letter sent to members and published on ...

Bloomberg The UK government signed freight contracts worth as much as 87 million pounds ($110 million) to help ensure supplies of vital medicines amid concerns about post-Brexit disruptions. The contracts will be fulfilled by Brittany Ferries, DFDS A/S, P&O and Stena Line Travel Group AB, and will be provided across 13 routes, according to an emailed statement from the Department ...

Bloomberg Volkswagen AG is weighing options for its Lamborghini supercar brand, as the German manufacturer moves ahead with an overhaul aimed at more than doubling its market value and getting ahead of an expected industry shakeout, according to people familiar with the matter. The options VW is mulling include a sale or stock listing, said the people, who asked not ...

DUBAI / WAM The UAE ranked first in the Arab World and 25th globally in the Global Competitiveness Report, 2019, released by the World Economic Forum, Davos, on Wednesday. According to the report, which assesses the competitiveness landscape of 141 economies, providing unique insight into the drivers of economic growth, the UAE gained two positions since the last edition. The ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), is creating new opportunities for partnerships and investments as it pursues a balanced smart growth strategy and drives responsible production to reliably meet the world’s growing energy demand, according to Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO. Speaking in London at the ...

ABU DHABI / WAM A total of 100 conservation projects for endangered species of plants and wildlife in Madagascar received grants from the Mohamed bin Zayed Species Conservation Fund, attendees at a special talk on conservation in the island were told at a meeting at capital’s Foreign Correspondents’ Club – UAE. Overall, the Fund has now given a total of ...

Dubai / WAM Dubai almost doubled its foreign trade value in IT and telecom industry over the past decade, recording a growth of 97 percent from AED117 billion in 2009 to AED231 billion ($62.8 billion) in 2018, according to statistics released by Dubai Customs, in conjunction with Gitex Technology Week 2019. In H1-2019, trade in IT and telecoms went up ...

DUBAI / WAM Swedish Minister for Foreign Trade, Anna Hallberg, performed a tree planting ceremony at Expo 2020 Dubai on Wednesday, officially marking the beginning of the construction of the Swedish pavilion, ‘The Forest’. Najeeb Mohammed Al-Ali, Executive Director of Expo 2020 Dubai Bureau, joined the Swedish minister at the ceremony. Tree planting resonates with the ambition to build the ...