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Bloomberg Bytedance Ltd, the world’s most valuable startup, unveiled a new video-based messaging service designed to take on Tencent Holdings Ltd’s dominant WeChat. Bytedance launched the new service, named “Duoshan,” during a live-streamed event in Beijing. Similar to Snapchat, the app lets users send short-lived videos, GIFs and images to each other. Best known for its news aggregation service Toutiao ...

Bloomberg After multiple leaks on blogs and social media, Toyota unveiled in Detroit on Monday the fanboys’ most darling of darlings: the 2020 Supra. It’s the first time Toyota Motor Corp has made and sold a new Supra in the US in 21 years. It’s also the first time the automaker has built a throwback sports car that includes BMW ...

Bloomberg The longest government shutdown in US history could cause tens of thousands of businesses to make a tough choice about whether to claim one of the biggest perks in the Republican tax overhaul. Owners of so-called pass-through entities such as partnerships and limited liability companies have to file their businesses’ returns by March 15 — and still don’t have ...

Bloomberg The government shutdown is delaying Fiat Chrysler Automobiles NV’s efforts to bring crucial new heavy-duty Ram pickups to the market. The Ram 3500 still needs emissions certification from the US Environmental Protection Agency to be approved for sale, and that process is being held up by the shutdown, Fiat Chrysler Chief Executive Officer Mike Manley said at the North ...

Bloomberg Germany’s economy narrowly avoided a recession at the end of 2018 after a slump in industry raised concerns over Europe’s growth engine. There was a “slight” increase in gross domestic product in the three months through December, according to the Federal Statistics Office, which will publish official figures next month. But the quarter rounded out a year in which ...

Bloomberg Apple Inc Chief Operating Officer Jeff Williams said Qualcomm Inc refused to provide cellular modems for the 2018 iPhones after Apple sued the chipmaker in 2017. Williams’s testimony in the Federal Trade Commission antitrust trial against Qualcomm, indicates the chipmaker forced Apple to use Intel Corp modems exclusively in the iPhone XS, iPhone XS Max, and iPhone XR released ...

Bloomberg Four years ago, General Electric Co made a commitment to win France’s approval to buy Alstom SA’s energy business: it would create jobs or pay a hefty fine. The Boston-based company pledged it would add 1,000 positions in France by end-2018, failing which it would pay the French government a fine of 50,000 euros ($57,000) for every job not ...

Bloomberg Strong processing profits probably kept cocoa processing at high rates in Europe and Nor-th America, according to a Bloomberg survey. Grinding in Europe, the top-consuming region, likely rose 2 percent in the fourth quarter to the highest for that period going back to 2001, the median estimate in a Bloomberg survey of 14 traders, brokers, processors and analysts showed. ...

DUBAI / WAM The UAE is forecast to achieve an average real GDP growth rate of 3.8% between 2019 and 2023, supported by an increase in investment flows and private consumption, according to new analysis from Dubai Chamber of Commerce and Industry. The findings of the analysis, based on the Dubai Chamber UAE Macroeconomic Model, were revealed during a business ...

DUBAI / WAM During its meeting at the headquarters of the Federal National Council (FNC), General Secretariat in Dubai, the FNC Technical, Energy, and Mineral Resources Affairs Committee, chaired by Mohammed Ali Al Kamali, Chairman of the Committee, continued discussing a draft law on regulating the space sector, which includes 55 articles. Al Kamali said the committee discussed the law ...