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Bloomberg Meituan Dianping, China’s largest group-buying and restaurant reviews service, is said to be close to finalising a deal to raise at least $3 billion from investors including Capital Group, according to people familiar with the matter. The company backed by WeChat-operator Tencent Holdings Ltd. is said to be targeting at least $3 billion at a $28 billion valuation, the ...

­­­­­­­­­­­Bloomberg Alstom SA’s merger with the train-making arm of Siemens AG will mark the end of a bitter rivalry as the European rail industry’s biggest adversaries unite in an effort to fend off the challenge from China and Japan. The ill-tempered contest between Alstom and Siemens has been a feature of the sector for decades and reached boiling point in ...

Bloomberg Uber is testing out a new conciliatory tone in London, where officials said they wouldn’t renew the ride-hailing service’s operating license. It’s going to have ample opportunity to see if that approach will work in the US. San Francisco’s city attorney is investigating whether Uber Technologies Inc. is a public nuisance. In New York, officials are mulling ways to ...

Bloomberg Twitter Inc., struggling to attract new users, will lift its 140-character limit on tweets in an experiment with a small group that may expand to the entire social media platform. The test will let users send tweets with as many as 280 characters. Lengthening the character limit may result in more engaging conversation on the platform, helping its bid ...

THIRUVANANTHAPURAM / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, stated that the historical cooperation between Sharjah and Kerala is centuries long and is continuing. He stated this during his speech on Tuesday at the headquarters of the State of Kerala, during a ceremony that saw Sheikh Sultan being awarded an ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces have launched the Mars Science City project on Tuesday. The AED 500 million-City will cover ...

Dubai / WAM Dubai retained its ranking as the fourth most popular travel destination in the world, according to the ninth annual Mastercard Global Destinations Cities Index. The emirate welcomed 14.87 million international overnight visitors in 2016, with an expected continued growth of 7.7 percent for 2017. Dubai continues to be the city with the highest international overnight visitor spend, ...

Dubai / Emirates Business Over 140 exhibiting brands from 27 countries arrived in Dubai to participate at Gulf Glass, the largest flat & container glass event in the region, which will run until September 27 at the Dubai World Trade Centre. With more than 10,000 construction projects currently active in the GCC, the demand for glass and glass related products ...

Bloomberg The US has gamed out four or five different scenarios for how the crisis with North Korea will be resolved, and “some are uglier than others,” National Security Adviser H.R. McMaster said as tensions remain high between the two countries. While McMaster said the threat from Pyongyang is “much further advanced” than anticipated and the Pentagon said the president ...

Bloomberg Baidu Inc.’s iQiyi is targeting a US initial public offering as soon as in 2018 that could value China’s most popular Netflix-style streaming video service at more than $8 billion, two people familiar with the matter say. The company controlled by search giant Baidu is about to kick off negotiations with banks and deal arrangers and is shooting for ...