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Bloomberg Bayer AG is facing mounting opposition ahead of what’s shaping up to be its most contentious annual meeting in years, with influential shareholders faulting management for failing to foresee the risks of the company’s biggest deal ever. A growing number of shareholders have said they won’t support executives and supervisory board members in a no-confidence vote at Friday’s annual ...

Bloomberg Kim Jong-un is grappling for a way out of his stalemate in nuclear talks with Donald Trump as he meets Russian President Vladimir Putin for the first time on Thursday, seeking diplomatic support. The North Korean leader is expected to highlight his Kremlin counterpart’s backing for easing international sanctions on his tiny and battered economy when they meet on ...

Abu Dhabi / 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 Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said the UAE leadership is empowering the nation’s youth as part of its efforts ...

DUBAI / WAM The UAE Space Agency and Mohammed bin Rashid Space Centre (MBRSC), announced that 85 percent of the Hope Probe project has been completed. In a joint statement, the two organisations confirmed that most of the main parts of the project have been completed and are currently undergoing intensive testing to ensure every aspect of the Probe is ...

Abu Dhabi / WAM The first-ever shipment of UAE-produced calcined coke has begun its maiden voyage to mainland China. Some 10,500 tons of calcined coke were loaded by Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company, (Adnoc), onto the M/V Lucky Ocho, a vessel chartered by Adnoc Logistics and Services, to be delivered in Yantai, China by ...

Dubai / WAM The upcoming 19th edition of the world’s largest annual airport exhibition in Dubai, entitled Airport Show, will see a record participation of 211 buyers, reconfirming the exhibition’s strong position as an ultimate B2B event and reflecting the significant business opportunities available in the Middle East region. Held from April 29 to May 1 at the Dubai International ...

Bloomberg Carlos Ghosn was indicted on new charges of misdirecting company money for his personal use, the most serious allegations yet against the former chairman who once led the alliance between Nissan Motor Co, Renault SA and Mitsubishi Motors Corp. Using foreign corporate entities in 2017 and 2018, Nissan lost $5 million that was funneled into accounts controlled by Ghosn, ...

Bloomberg Tesla Inc said it’s looking into a fire in Shanghai involving one of its vehicles after a video of a car bursting into flames was circulated on social media in China. The US electric-car maker has sent a team to Shanghai and is in touch with local authorities, Tesla said on its official Sina Weibo account. As far as ...

Bloomberg The Trump administration released rules for a tax break designed to encourage economic development in distressed areas throughout the US by making it easier to invest in businesses and real estate in low-income communities. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting the regulations, which the administration said will spur $100 billion ...

Bloomberg Canada recorded smaller trade deficits than expected in the first two months of 2019 on a rally in oil prices, but figures show the nation’s exporters are still struggling. The nation posted a smaller-than-expected C$2.9 billion ($2.2 billion) deficit in February, and Statistics Canada revised down its initial deficit forecast for January by C$1 billion. Yet, the improved trade ...