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Bloomberg BlackBerry Ltd.’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu Inc. to work together on automotive software. Baidu will bundle BlackBerry’s QNX vehicle operating system into its Apollo self-driving car platform, a set of tools that automakers can use when designing autonomous vehicles. ...

Bloomberg Trucking firms like Caravan Roadways Ltd., which has more than 500 brightly-painted vehicles crisscrossing India, were meant to see immediate benefits from the biggest tax reform in India’s modern history. But the chaotically-implemented goods and services tax is derailing the government’s revenue target and hasn’t much improved trade within Asia’s No. 3 economy. “Suspicious states”—anxious to retain pre-GST earnings—are ...

Bloomberg Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market. As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to ...

Bloomberg Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in US shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine? After ending 2017 at a two-year high, oil prices could ...

Bloomberg This is the year when the biggest political and economic conundrum to face the UK in modern times will be solved, further complicated or even abandoned in all but name. Within 10 months, the British government and European Union aim to have an agreement on their divorce and at least the outline of their future trading relationship. They have ...

Bloomberg Germany’s unemployment rate fell to a record low as the number of people out of work slid for a sixth month, reflecting a boom in Europe’s largest economy that could push up wages and inflation. The jobless rate was 5.5 percent in December, and the previous month’s rate was revised down to the same level, the Federal Labor Agency ...

Bloomberg Wall Street doesn’t think corporate America will have a hard time coming up with those employee bonuses that were promised after taxes were slashed. The December passage of the tax overhaul package and West Texas Intermediate crude’s breach of $60 a barrel have propelled the S&P 500 three-month earnings estimate revision ratio to its highest level since 2011, according ...

Bloomberg The UK’s thrifty health authority has cleared its most expensive medicine ever—a $700,000 GlaxoSmithKline Plc treatment for an illness known as “bubble-boy disease.” But the overall cost to the country’s medical system won’t be as eye-popping as the price suggests. Glaxo, Britain’s biggest drugmaker, said it has treated four patients with Strimvelis since it was approved by the European ...

DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has dedicated his accession day anniversary to thank His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for devoting his life to serving the nation ...

ABU DHABI / WAM The Ministry of Finance (MoF) on Tuesday issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system, becoming the first federal entity to implement tax procedures and issue a tax invoice in 2018. The ministry provides a fully-integrated system, a technical support team, as well as a telephone ...