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Bloomberg General Motors (GM) Co, Toyota Motor Corp and Fiat Chrysler Automobiles NV plan to back President Donald Trump in a contentious battle with California officials over automobile emissions rules, splitting with major rivals including Ford Motor Co. GM, Toyota and several other automakers plan to intervene on the administration’s behalf in a lawsuit filed by environmental groups challenging the ...

Bloomberg The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s biggest companies en masse. And yet today, just a few years later, many of the same subprime lenders that specialised in the debt are promoting an almost equally onerous type of credit. It’s called the online installment loan, a form of ...

Bloomberg Google, Facebook Inc and Twitter Inc need to continue to boost efforts to combat disinformation on their platforms, the European Union said, as it repeated warnings it could introduce legislation. The companies’ actions helped limit interference in the European Parliament elections in May and provided greater transparency around political ads, the European Commission, the bloc’s executive body said. But ...

Bloomberg The co-founder of China’s SenseTime Group Ltd was visiting New York to encourage more collaboration with the US on artificial intelligence when he heard the news: The Trump administration had blacklisted his company. So much for more cooperation. Xu Bing, the 29-year-old co-founder, knew SenseTime was at risk given rising tensions between China and the US, but the timing ...

Bloomberg China’s third-quarter slowdown continued into October, with only a few signs of stabilisation evident amid the weakest pace of expansion in almost thirty years. Bloomberg Economics’ gauge aggregating the earliest available indicators from financial markets and businesses showed the economy cooling for a sixth month, with indicators for trade, factory prices, iron ore and copper all worsening. Easing tensions ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that the UAE has set a pioneering role model in designing the future thanks to its proactive strategies and ability to plan for and forecast changes and developments in major economic and technological sectors. His Highness’s remarks ...

ABU DUBAI / WAM Brazil can be ‘considered as an Arab country’ thanks to a huge number of people of Arab descent in its population of more than 200 million, Brazilian President Jair Bolsonaro told the Emirates News Agency (WAM), in an exclusive interview on Sunday evening. “We always welcome everyone from the Arab world. We have more than five ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), is set to play a key role at the Singapore International Energy Week (SIEW), by highlighting its array of services to the UAE capital’s energy sector, as well as outlining its role as a key partner organisation driving the global sustainable and clean energy agenda. This year, SIEW is ...

RAS AL KHAIMAH / WAM While visiting the Ras Al Khaimah Chamber of Commerce and Industry, a delegation from Pakistan, led by Ahmed Amjad Ali, Pakistani Consul General in Dubai, was briefed on the investment opportunities available in Ras Al Khaimah. The meeting was attended by Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK Customs Department, Chairman of the ...

Bloomberg Billionaire Mukesh Ambani moved a step closer to creating an e-commerce giant for India, unveiling plans to set up a $24 billion digital-services holding company that would become the main vehicle in his ambition to dominate the country’s internet shopping space. The board of Ambani’s Reliance Industries Ltd approved a proposal to plow 1.08 trillion rupees ($15 billion) into ...