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DUBAI / Emirates Business The Dubai Government Workshop (DGW) has revealed the signing of a strategic Memorandum of Understanding (MoU) with Arabian Automobiles, a part of the AW Rostamani Group. Under the terms of the newly-signed agreement, maintenance services will be provided to Nissan vehicles at the DGW’s workshop facilities in collaboration with Arabian Automobiles. HE Humaid Sultan Al Mutaiwee, ...

Bloomberg The UK’s largest solar company has set its sights on becoming a global player now that it’s owned in part by one of the world’s oil majors. “Going forward, this industry will move forward from a cottage industry almost, to an industrialised industry,” Chief Executive Officer Nick Boyle said. “There will be a small number of worldwide players. We ...

Bloomberg Pipeline giant Enbridge Inc. agreed to buy all outstanding shares of Spectra Energy Partners LP in a deal aimed at streamlining its corporate structure in the wake of US tax changes. The agreement to acquire its master limited partnership is valued at $3.3 billion, based on the closing price of Enbridge shares in New York trading. It follows by ...

Bloomberg From Mercedes-Benz AG to Unilever, companies in India are finding power to pass on higher costs to consumers, a sign that demand in the world’s fastest-growing major economy is well-entrenched. After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India’s economic recovery is gaining momentum. Businesses are taking ...

Bloomberg GlaxoSmithKline Consumer Healthcare Ltd. is headed for a record high after parent GlaxoSmithKline Plc was said to have requested bids by mid-September for its Indian consumer-health unit. Shares of the Indian unit rose as much as 8.3 percent, the biggest intraday advance since February 14, and were set for a record close in Mumbai. Glaxo has sent out an ...

Bloomberg Australia banned China’s Huawei Technologies Co. and ZTE Corp. from supplying next-generation wireless equipment to the nation’s telecom operators, the latest blow in an escalating global battle over network security. The government gave carriers new security guidance for fifth-generation mobile technology and warned that using government-linked suppliers would risk breaching their obligations. The nature of 5G technology means security ...

Bloomberg A weakening Hurricane Lane has brought record rainfall to Hawaii, where flooding threatens $8 billion worth of homes. In 12 hours, 16.48 inches of rain fell on the Big Island of Hawaii, and daily records were set at Hilo International Airport on Wednesday and on Thursday, the National Weather Service said. Roads on the Big Island have been washed ...

Bloomberg Walmart Inc. has asked its cosmetics suppliers to consider sourcing their goods in countries outside of China, one of the first signs that the world’s largest retailer hopes to dilute the impact of the Trump administration’s looming tariffs. A “large amount” of items in the cosmetics category fall under the most-recent proposed levies on Chinese goods, according to an ...

Bloomberg Elon Musk scrapped his plan to take Tesla Inc. private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet. In a blog post, Tesla’s chairman, CEO and largest shareholder said he had met with the board and “let them know that I believe the better path is for Tesla ...

Bloomberg The head of the World Trade Organization (WTO) said the UK risks trade disruption in the event of a no-deal Brexit because it is “very unlikely” to have agreed tariffs and quotas with the other WTO members in time. “The moment that other countries begin to sense an opportunity to increase their market share or increase a quota here ...