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Bloomberg Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France. As the intrigue enters a second week, with pressure increasing on the billionaire founder to explain how a deal would be funded, one of ...

Bloomberg Beijing MyDreamPlus Technology Co. Ltd. raised $120 million in a funding round led by Hillhouse Capital and General Atlantic as competition in China’s co-working market heats up. The money will be used to fuel expansion as the three-year-old startup targets more than doubling its floor space in the next 12 months. The financing comes just weeks after the Chinese ...

Bloomberg Tencent Holdings Ltd. took another hit to its gaming business, after regulators told the social media giant to remove Monster Hunter: Worldfrom its PC downloads service just days after the action title’s debut. Parts of the Capcom Co. hit failed to meet regulatory standards and the relevant authorities received a “significant amount of complaints,” which in turn spurred the ...

Bloomberg Nikon and Canon face a threat at the top end of the market Eight seconds. That’s how long a cowboy needs to stay on a bucking bronco to qualify for a rodeo score. For photographers, that’s barely enough time to take just a few blurry, often unusable pictures. “In the past, these images would have been made by pre-focusing ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) reported that the number of its online transactions is continuously growing. The company recorded a total of 250,000 transactions performed through its e-services system from January to July 2018. Empower aims to increase the number of e-services subscribers to achieve 100 percent online transactions. The e-services allow customers to pay bills ...

Bloomberg First Abu Dhabi Bank PJSC’s stock has gained in six of the past seven weeks, bringing the rally for the year to 37 percent. A beckoning index-weighting upgrade means more joy could be in store for shareholders. The biggest lender in the United Arab Emirates is expected to have its weighting in the MSCI Emerging Markets Index doubled to ...

DUBAI / WAM Another major step towards connecting with China’s leading dispute resolution centres was taken by the Dubai International Financial Centre Courts through the singing of a Memorandum of Guidance (MoG) with the High Court of the Hong Kong Special Administrative Region of the People’s Republic of China (Hong Kong High Court). Devised as a practical mechanism to foster ...

DUBAI / Emirates Business Emirates has launched one of its biggest sales yet with special fares to over 70 global destinations within its network. Passengers can still plan a short getaway before the summer season ends to destinations in the Americas, Europe, Middle East, and the Far East. The offer applies to bookings made on Sunday until August 20 for ...

Dubai / Emirates Business The Emirates NBD Purchasing Managers’ Index (PMI) for the UAE declined to 55.8 in July from 57.1 in June, signalling the slowest rate of growth in the non-oil private sector in three months. “Both output and new work, while still strong, were softer than in June. Notably, new export orders increased at the sharpest rate in ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has launched the UAE Youth Global Initiative to help Emirati youth unleash their full potential to enhance the country’s reputation and spread awareness of its values, heritage and all-embracing development drive. This came during ...