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Bloomberg While connoisseurs in developed nations jaded by chocolate’s ubiquity seek out bars that are unique in provenance, aroma and texture, aspiring consumers in large swaths of Asia are still developing their taste for the treat. In China, for example, “chocolate is not fully part of the diet and preference,” according to Niels Boetje, the managing director for the Asia ...

­­­­­­­­­­­Bloomberg Facebook Inc. outlined plans to strengthen its advertisement systems and disclosed that about 10 million people saw ads linked to Russian efforts to influence the 2016 US presidential election. The social media giant said it will add more than 1,000 people to review the ads that run on its platforms. Additionally, the company said it provided information on about ...

Bloomberg The UK will leave a $23 billion hole in the European Union’s budget unless the bloc agrees to give Theresa May the sweeping Brexit trade deal she wants, according to senior British officials. Britain won’t fulfill May’s offer to cover the UK’s share of the EU budget through 2020 without a broader Brexit deal, said the officials, speaking on ...

Bloomberg Tesla Inc. struggled to produce its cheapest model shortly after the car debuted, setting back Chief Executive Officer Elon Musk’s mission to reach mainstream consumers. The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast. Output of the sedan that starts at $35,000–roughly half the cost of the ...

Bloomberg The price of Manhattan resale homes hit a record in the third quarter, but sellers shouldn’t get too bullish. It took some discounting to get there. Owners pared an average of 6.8 percent off their asking prices in the quarter—the second-most since 2010—and the adjustments spurred a flurry of sales at all price levels, pushing the resale median up ...

Bloomberg When Uber’s new chief executive officer touches down in London, he’ll find an irate regulator, divided drivers, galvanised rivals, and a key regional manager who’s just announced her exit. Dara Khosrowshahi was in the UK capital for an emergency meeting on Tuesday with transportation authorities to try to salvage the company’s business in its largest European market. Khosrowshahi’s arrival ...

Bloomberg Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and in senior management would produce fairer policies. Now investors are changing tactics, saying it’s not enough and that employers also need to implement gender-pay equity and paid-leave policies that attract and retain women. Zevin Asset Management, ...

Dubai / WAM The UAE Council of Ministers has adopted Cabinet Decision No.39 of 2017 on Fees for Services Provided by the Federal Tax Authority and Cabinet Resolution No.40 of 2017 on Administrative Penalties for Violations of Tax Laws in the UAE. The council’s meeting was chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime ...

DUBAI / WAM The President of Mali, Ibrahim Boubacar Keita, met DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, to discuss a trade and logistics master plan to unlock the resource rich country’s economic potential. The plan includes a transportation and logistics strategy with electronic customs processes, replicating DP World’s successful model with Dubai Trade at its flagship ...

Dubai / Emirates Business More than 400 decision-makers, including government officials and business leaders, will meet in Dubai this week to discuss foreign investment opportunities in Africa during ALN’s (formerly Africa Legal Network) 4th Annual International Conference – ‘Africa: Bridging the Gulf’ from October 4-5 at the Park Hyatt, Dubai, UAE. The invite-only event is set to bring together a ...