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Bloomberg Business owners — and their accountants — can rest a bit easier: the IRS has given them the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul. The regulations detailing the new 20 percent deduction for pass-through business owners are of critical importance to the operators of such entities, ...

Bloomberg Italy’s communications regulator Agcom rejected Telecom Italia SpA’s landline network separation plan, saying it wouldn’t be a boost to competition in the domestic phone market, according to a document seen by Bloomberg. The plan, proposed last year by former Chief Executive Officer Amos Genish, would let the country’s largest phone company to continue “enjoying a significant competitive advantage with ...

Bloomberg The battle between Tesla Inc and General Motors Co for the most valuable US carmaker is heating up. After Tesla followed in the footsteps of the legacy automakers and announced a plan to cut jobs, shares of the electric vehicle maker dropped as much as 10 percent in New York, bringing its market capitalisation to just $54.2 billion. GM, ...

Bloomberg Google agreed to acquire smartwatch technology and personnel from Fossil Group Inc in a bid to boost the search giant’s nascent efforts in the category. The Alphabet Inc unit will pay $40 million for Fossil intellectual property, according to a statement from the companies. Additionally, an unspecified number of Fossil’s research and development employees will join Google. Fossil said ...

Bloomberg Two electric scooter startups, fresh off raising hundreds of millions of dollars last year, are now raising hundreds of millions more, according to multiple people familiar with the details. But the latest hard-fought deal terms for Lime and Bird Rides Inc. both peg the companies’ worth at far less than the lofty valuations the startups once sought. New funding ...

Bloomberg Salesforce.com Inc is planning to add as many as 1,500 jobs in Ireland over five years, in one of the largest such expansions in the history of the state. The San Francisco-based software maker, which now employs more than 1,000 people in Ireland, laid out its Irish expansion plans in Dublin. Bloomberg News first reported the figure. The company, ...

Bloomberg US factory production expanded in December by the most in 10 months, ending the year stronger than expected thanks to a surge in motor-vehicle output and gains across a range of other goods. Manufacturing output rose 1.1 percent from the prior month after an upwardly revised 0.1 percent rise, Federal Reserve data showed. The results exceeded all estima- tes ...

ABU DHABi / WAM The Executive Committee of the Saudi-Emirati Coordination Cou-ncil held its first meeting in Abu Dhabi with the participation of all 16 members from both sides to follow up on the execution of the joint initiatives outlined in the ‘strategy of resolve’. The strategy includes areas of collaborations and sets forth the joint vision of economic, social ...

GANDHINAGAR / WAM Narendra Modi, Prime Minister of the Republic of India, met with Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, and Dr Ahmed Al Banna, UAE Ambassador to India. They explored prospects for further cooperation between the UAE and India, building on the strong existing ties between the two countries, and discussed ways to ...

Bloomberg Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy. Futures climbed 3.3 percent in New York to cap the third straight weekly increase. Bloomberg News reported China proposed a six-year shopping binge for American goods, diminishing concerns about a brake on economic ...