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Bloomberg European dealmaking is on course for its worst first quarter since the height of the credit crisis. Unless something dramatic happens by the end of the week, Europe’s on track to have the worst quarter for M&A since 2013, when unemployment and austerity plans were causing protests and countries were asking the European Union to bail out their banks. ...

Bloomberg Brookfield Asset Management Inc. will invest C$750 million ($559 million) in power producer TransAlta Corp. and nominate two directors to its board. Brookfield could also increase its stake in the Calgary-based utility to about 9 percent under certain conditions, according to a statement. The deal allows Brookfield to convert its investment into an equity interest in TransAlta’s Alberta hydro ...

Bloomberg SNC-Lavalin Group Inc., the embattled engineering firm at the heart of Canada’s biggest political crisis in years, has been dealt another blow in Chile. Copper producer Codelco said that it cancelled a contract worth $260 million to build two new acid plants in the Chuquicamata mine. Montreal-based SNC has “seriously” and “repeatedly” breached aspects of its contracts, according to ...

Bloomberg The banning of e-scooters on British roads is being reconsidered after the UK government said it was opening “the biggest regulatory review in a generation” of current mobility laws, some of which date back to 1835. The government said that it wanted to start the process of modernising existing legislation, which was proving to be a barrier to innovation, ...

Bloomberg Disgruntled drivers showed up at the Omni hotel in San Francisco hoping to make their feelings known to the executives, bankers and potential investors at Lyft Inc.’s IPO roadshow meeting. No one was there. Lyft’s scheduled meeting was held at the Olympic Club instead. It had originally been planned for the Omni, according to a term sheet reviewed by ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has approved AED5.6 billion in support of the research and development (R&D) scheme as part of the Ghadan 21 programme. His Highness Sheikh Mohamed bin Zayed directed the ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), on Monday signed agreements awarding the exploration rights for Abu Dhabi Onshore Block 1 to a consortium of two Indian oil companies, Bharat Petroleum Corporation Limited and Indian Oil Corporation Limited. The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council (SPC) and represents a further deepening of ...

Bloomberg Uber Technologies Inc is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based Careem Networks FZ as early as this week, according to people with knowledge of the matter. The US ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem, the people said, asking not to identified because the ...

Bloomberg Oil slipped in New York after its biggest loss in three weeks as concerns lingered that a slowdown in global economic growth will erode fuel consumption. West Texas Intermediate futures were down 0.5 percent near $59 a barrel, after losing 1.6 percent. A closely watched gauge of US Treasuries inverted for the first time since 2007, signalling a recession ...

DUBAI / Emirates Business Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a memorandum of understanding (MoU) with First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest institutions, to assist UAE-based exporters and local businesses in managing their trade finance needs and to support their international expansion ambitions. ...