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Bloomberg Alphabet Inc. is working with Lyft Inc. on a plan to test autonomous cars on the road, escalating a fight with Uber Technologies Inc. by partnering with its main rival in the US. Waymo, an automotive business owned by Google’s parent company, is currently holding public trials on its own using Chrysler minivans equipped with its technology in Phoenix. ...

Bloomberg Aspen Pharmacare Holdings Ltd. faces a European Union antitrust probe for ramping up the price of cancer drugs as the EU joins a global crackdown on the soaring cost of life-saving generic medicines. “When the price of a drug suddenly goes up by several hundred percent, this is something the commission may look at,” EU Competition Commissioner Margrethe Vestager ...

Bloomberg Thermo Fisher Scientific Inc. agreed to buy Dutch drug-ingredients maker Patheon NV for $5.2 billion, extending the acquisition binge that helped turn it into one of the world’s biggest manufacturers of diagnostic and testing equipment. Thermo Fisher will pay $35 a share in cash, 35 percent above Patheon’s closing price, before Bloomberg News reported that the companies were in ...

Bloomberg RWE AG jumped to the highest since July after Germany’s biggest power producer said profit is on target and it plans to pay a dividend for the first time in three years. The Essen-based utility’s efforts to boost plant efficiency and the contribution of energy trading is helping compensate for weak power prices, Markus Krebber, chief financial officer at ...

Bloomberg American International Group Inc. will give Brian Duperreault $12 million in cash, 1.5 million stock options and an annual pay package valued at $16 million to turn around the company as its seventh chief executive officer since 2005. AIG will also pay Duperreault’s previous employer, Hamilton Insurance Group, as much as $40 million over two years to waive their ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, underlined the importance of raising government efficiency in delivering services to the public. HH Sheikh Mohammed’s remarks came during a visit to the Government Accelerators headquarters on Sunday. A solutions-based collaboration between government, private sector and academic ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, have attended Mashreq Bank celebrations on the occasion of its Golden Jubilee. The ceremony was also attended by HH Sheikh Hasher bin ...

BEIJING / WAM The UAE joined on Sunday more than 110 country delegations to participate in the Belt and Road Forum for International Cooperation, hosted by the Chinese Government in Beijing. The move is part of efforts to accelerate progress on the Belt and Road initiative, which aims to enhance cooperation and develop the economies along the Old Silk Road. ...

Dubai / WAM To meet the needs of the public in a healthy and safe manner, the Dubai Municipality opened a new abattoir in Al Quoz area. Hussain Nasser Lootah, Director-General of the civic body on Sunday inaugurated the abattoir, behind Al Wahda Centre in the presence of Assistants to the Director General and directors of related departments. The abattoir ...

Abu Dhabi / WAM AED 2 billion worth of transactions were conducted over NBAD’s share through 30 sessions since the merger of the First Gulf Bank and National Bank of Abu Dhabi that created the Middle East region’s largest banking entity under the name First Abu Dhabi Bank (FAB). With 1.3 million shares owned by foreigners, the increased trading over ...