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DUBAI / Emirates Business The Middle East’s dedicated trade fair for intralogistics, supply chain management, freight and cargo concluded, bringing a successful end to three-days of busy networking and discussions of the latest trends and innovations in the market today. Materials Handling Middle East 2017 featured 126 exhibitors from 21 countries, and welcomed 3,300 visitors from 50 countries at the ...

Bloomberg Boeing Co. is making the best of its unlikely rapport with President Donald Trump. The planemaker’s latest victory came when the Trump administration slapped far larger duties on a competing Bombardier Inc. jet than Boeing had requested in a trade spat with its Canadian rival. There’s also been good news for the company’s defense division as the Pentagon acquired ...

Bloomberg Croatia bucked the trend of eastern European Union countries putting off their commitments to adopt the euro by setting 2020 as a target date to join ERM-2, the waiting room for the common currency. The newest EU member plans to join the exchange-rate mechanism, where all new euro members must remain for two years to show currency stability, and ...

Bloomberg Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick named two new directors without consulting the company’s new leader or other existing board members, ratcheting up a Machiavellian battle for control of the world’s most valuable startup. Kalanick said in an announcement that he had appointed Ursula Burns, Xerox Corp.’s former CEO, and John Thain, the ex-Merrill Lynch chief, ...

Bloomberg Alphabet Inc.’s Google has begun an internal probe on whether Russia-linked actors used its advertising and services to influence last year’s US presidential election, according to a person familiar with the matter. Facebook Inc. and Twitter Inc. have both disclosed political ad spending and accounts affiliated with Russia, and Facebook is sharing its findings with Google, this person said. ...

Bloomberg Adidas AG’s mission to expand its basketball footprint in North America hasn’t made a major difference so far. That may now be a comfort to the German athletic-goods company as one of its executives is embroiled in a US college-basketball bribery investigation. Adidas expects to generate just $401 million from basketball products worldwide this year, the company said in ...

Bloomberg Volkswagen AG halted the possible sale of its Ducati motorcycle unit amid persistent opposition from its powerful labor groups, according to an Italian union leader. “Ducati’s CEO told workers that the VW supervisory board decided to halt the sale process,” Bruno Papignani, regional head of FIOM CIGL union, said. “IG Metall sustained and helped Ducati workers in their request ...

LONDON / Reuters Saudi Arabia plans to further open up its stock market to foreign investors later this year as it seeks to become an international capital markets hub, Mohammed Abdullah Elkuwaiz, chairman of the Capital Market Authority (CMA) said. Qualified foreign institutions (QFIs) were allowed to begin investing directly in Saudi stocks in 2015 and qualification requirements were eased ...

Emirates Business Souqplace.com, the first Emirati online marketplace in the UAE, connecting quality SMEs and artisan products, in addition to branded ones to consumers, announces the expansion of its platform to Saudi Arabia. Capitalizing on the upward growth of e-commerce in the UAE and the support it has received over the period of two years, the Emirati e-commerce startup is ...

Bloomberg The Trump administration has thrown a lifeline to the last hope for a US nuclear power revival, offering $3.7 billion in additional loan guarantees for Southern Co.’s troubled reactor project in Georgia. The conditional guarantees announced by the Energy Department come at a critical time for Southern. Georgia regulators are weighing whether to allow the company and its partners ...