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Bloomberg Considering a work stint in Japan? You’d better make it short, and you’d better stay alive. That’s because the government subjects long-term foreign residents to inheritance tax of up to 55 percent on their worldwide assets—meaning heirs could be forced to give up their family homes or businesses, even if they’ve never set foot in Japan. Now, Tokyo Governor ...

Bloomberg Uber Technologies Inc. approved SoftBank Group Corp.’s offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private startup deals ever. The agreement lets SoftBank and other firms invest up to $1 billion in Uber and proceed with a tender offer in coming weeks to buy up to $9 billion in ...

Bloomberg Brookfield Asset Management Inc. has bid more than $14 billion to acquire the stake it doesn’t already hold in mall owner GGP Inc., according to a person with knowledge of the matter. The Canadian investment firm made an offer of about $23 per share, the person said, asking not to be identified because the information is private. The price ...

Bloomberg Brian Lawley was among the first to reserve a Tesla Model 3 after standing in a lengthy line in March 2016 to plunk down $2,000 for not one but two reservations. Almost 20 months later, he’s not going anywhere—even though the wait just got longer. “I just want Tesla to get the Model 3 right, even if it takes ...

Bloomberg Britain has a lot of catching up to do when it comes to technology, and that’s hurting productivity and pay. UK businesses are almost a decade behind Denmark in the adoption of new technologies such as cloud, e-purchasing and cyber security, the Confederation of British Industry said in a report. By being more open to employing “tried and tested” ...

ABU DHABI / WAM A total of AED13.2 billion worth of purchase and sales transactions in shares of First Abu Dhabi Bank (FAB) have been conducted since the merger of the National Bank of Abu Dhabi and First Gulf Bank in April 2017 to create one of the region’s largest banking entities. FAB deals accounted for 17.3 percent of total ...

Abu Dhabi / WAM Business France, the national agency supporting the international development of the French economy, is once again organising a French collective pavilion at ADIPEC, where some 40 companies representative of the industry’s various sectors will be presenting their products, services and expertise to local professionals with a view to developing or strengthening partnerships. With major reserves (48% ...

Abu Dhabi / Emirates Business Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, reported strong financial results by achieving a combined net profit of AED52 million (Policyholders and Shareholders before Qard Hasan) and an underwriting profit of AED41.4 million as at end ...

DUBAI / WAM The UAE Government has launched a pioneering national programme to train the world’s first generation of Ambassadors of the Future, announced Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future and Co-Chair of the Annual Meeting of the Global Future Councils (AMGFC), as the event held its second edition in Madinat Jumeirah on November 11-12. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday inaugurated the 12th edition of the Dubai Air Show. Also present during the inauguration were HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman ...