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Bloomberg Volkswagen AG’s US unit agreed to settle a lawsuit over the company’s marketing of clean-emissions vehicles, resolving a fight over consumer fraud claims days before it was scheduled to go to trial. The suit was dismissed on February 23 by Fairfax County, Virginia, Circuit Court Chief Judge Bruce D. White on agreement of the parties, according to a copy ...

Bloomberg International Business Machines Corp. is moving towards settling non-competition claims against its former chief diversity officer and allowing her to take on a temporarily limited role at rival Microsoft Corp. Lawyers for the company and the former IBM executive, Lindsay-Rae McIntyre, met in a federal court in White Plains, New York, to hash out a possible deal through mediation ...

Bloomberg Twenty-two states and the District of Columbia have joined the legal battle started by Mozilla Corp. and Vimeo Inc. to reverse the Federal Communications Commission (FCC) repeal of net neutrality. The Obama-era prohibitions, meant to prevent broadband service providers from slowing or blocking web traffic or demanding payment for faster speed across their networks, were rescinded by the FCC ...

Bloomberg Airbnb Inc. is largely known for cheap accommodations and the occasional awkwardness that comes with staying in someone else’s home. Now the company wants to broaden its appeal by incorporating what has long been seen as the enemy: hotels. At a company event, Brian Chesky, Airbnb’s co-founder and chief executive officer, outlined a roadmap designed to make his service ...

NEW DELHI / Reuters Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to stabilise oil markets after the current supply cut deal ends this year, its oil minister said on Saturday. The Organization of the Petroleum Exporting Countries is reducing output by about 1.2 million barrels per ...

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation and the Ministry of External Affairs of India have agreed on setting up a joint committee to follow up the implementation of the Memorandum of Understanding (MoU) signed between the two countries in the manpower field. The signing ceremony of the MoU took place earlier this month and was ...

ABU DHABI / WAM The total number of new economic licences in the Emirate of Abu Dhabi that were issued by Abu Dhabi Business Center of the Department of Economic Development (DED) reached 9,412 in 2017 compared to 9,089 new licences in 2016, indicating an increase by 3.5 percent. The report of the economic licencing activity in Abu Dhabi which ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the second round of Arab Hope Makers, the largest Arab initiative dedicated to celebrating philanthropic efforts. The initiative seeks to honour and promote the people who spread hope, and who encompass the values of giving, positivity and ...

Dubai / WAM Dubai has once again improved its innovation performance climbing one spot to rank 14th among 30 global cities on the 3rd Dubai Innovation Index, outperforming major business destinations such as Berlin, Madrid, Shanghai and Sao Paulo. The findings of the latest Index were released by the Dubai Chamber of Commerce and Industry on the sidelines of the ...

Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre (DIFC), issued on Saturday Directive No. (1) of 2018, reinstating DIFC Authority’s Board of Directors for a two-year term. DIFC Authority’s Board of Directors is mandated to ensure that all the Centre’s activities, ranging from ...