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Bloomberg President Donald Trump predicted the US economy is “going to start to rock” when the Republican rewrite of the US tax code is complete after a six-week sprint. GOP lawmakers posted their sweeping, 503-page bill—with permanent tax cut for US corporations and temporary benefits for individuals—after gaining key votes from two Republican senators who’d threatened to oppose it. Now, ...

Bloomberg AT&T Inc.’s chief executive officer stepped down from the boards of Boeing Co. and Emerson Electric Co. to shield both companies from any fallout as he battles the US government to win approval for the takeover of Time Warner Inc., according to a person familiar with the matter. CEO Randall Stephenson, 57, thought it wise to sever ties with ...

Bloomberg Google moved to strip from its news search results publications that mask their country of origin or intentionally mislead readers, a further step to curb the spread of fake news that has plagued internet companies this year. To appear in Google News results, websites must meet broad criteria set out by the company, including accurately representing their owners or ...

Bloomberg House Democrats are threatening to allow automatic spending cuts triggered by the Republican tax bill to take effect next year unless Speaker Paul Ryan ends an attempt to cripple Obamacare. Under a 2010 law known as PAYGO, the $1.5 trillion reduction in government revenue caused by the Republican tax cut legislation would trigger years of across-the-board cuts to programmes ...

Bloomberg Ireland’s economy surged in the third quarter, boosted by rising exports and falling imports. Gross domestic product rose 10.5 percent from the year-earlier period, the country’s statistics office said in Dublin. Exports rose 8.7 percent, while imports dropped 13 percent. The economy grew 4.2 percent from the previous quarter. The figures suggest the nation’s economy is in resilient shape ...

Bloomberg Professional drivers looking to buy a Tesla to shuttle paying customers around should consider this: After Friday, vehicles used for commercial purposes won’t be allowed to use the company’s Superchargers anymore, according to an updated policy. The change in rules applies to vehicles being deployed as taxis — including by drivers for Uber Technologies Inc. or Lyft Inc. — ...

Abu Dhabi / Emirates Business The global oil storage market is set to become more competitive due to burgeoning investments by some of the key market players, according to Transparency Market Research (TMR). Various industry players are undertaking strategic collaborations including joint ventures, acquisitions, mergers and partnerships in order to establish a stronger market position. The stiffening competition in the ...

Bloomberg Egypt’s Eni SpA-operated Zohr natural gas field has started production, bringing the country closer to its goal of energy self-sufficiency. Gas from the Mediterranean’s largest offshore field is pumped to a facility in Port Said city, to be prepared for delivery to the national distribution network, with initial production of 350 million cubic feet per day, oil minister Tarek ...

DUBAI / WAM Reinforcing its commitment to the cause of sustainability, Dubai Investments PJSC, a leading, diversified investment company listed on the Dubai Financial Market, is set to adopt a number of ideas and initiatives across the group, put forth by its Sustainability Champions to support the 17 UN Sustainable Development Goals (SDG’s). These initiatives were evaluated as part of ...

Bloomberg India increased the customs duty on some electronics including mobile phones, television sets, and microwave ovens in a bid to curb imports and boost local manufacturing. The levy on mobiles and TVs was raised from 10 percent to 15 percent, according to a Ministry of Finance statement. Duty on digital cameras, video cameras and projectors was doubled to 20 ...