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Bloomberg John Flannery’s reshaping of General Electric Co. is getting underway. After taking the helm in 2017, the chief executive officer promised to shed businesses from lighting to locomotives in a bid to simplify the beleaguered manufacturer. Complexity, he said, was at the root of many of GE’s problems. He started following through April 2 when one of the company’s ...

Bloomberg Walt Disney Co. offered to buy Sky News to help Rupert Murdoch’s 21st Century Fox Inc. win over UK regulators reviewing Fox’s 11.7 billion-pound ($16.5 billion) acquisition of broadcaster Sky Plc. Disney is interested in acquiring Sky News regardless of whether its larger $52.4 billion takeover of most of Fox goes through, guaranteeing the editorial independence of the operation, ...

Bloomberg The American consumers who were stretching themselves to buy or lease a new car are starting to go missing from showrooms. Rising interest rates and new-vehicle prices are squeezing shoppers with shaky credit and tight budgets out of the market. In the first two months of this year, sales were flat among the highest-rated borrowers, while deliveries to those ...

Bloomberg President Donald Trump says the US will withdraw troops from Syria “very soon.” He’s also vowed to counter Iran’s influence throughout the Middle East. Doing both at the same time may be impossible. Trump’s off-the-cuff aside at a rally in Ohio last week — “We’re knocking the hell out of IS. We’ll be coming out of Syria, like, very ...

Tokyo / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Hiroshige Seko, Japanese Minister of Economy, Trade and Industry, during his current official visit to Japan. During the meeting, the two sides discussed bilateral relations between the UAE and Japan and ways of boosting and developing them in the economic, investment ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, visited the Translation Challenge site to review its progress, which falls under the Mohammed bin Rashid Al ...

DUBAI / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Monday met Alfred Kelly, CEO of Visa, at the Dubai International Trade Centre. Sheikh Maktoum welcomed Kelly and his delegation, highlighting Dubai’s efforts to promote investment and benefit the national economy. His Highness said that all companies, investors and people in business ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, on Monday said that the Dubai Government Excellence Program (DGEP) has been a key driver for enhancing services and improving policies in Dubai Government over the past 21 years. Over the years, Dubai has set an example for service excellence ...

Bloomberg Abdel-Fattah El-Sisi cruised to a second term as Egypt’s president, scooping up more than 97 percent of valid votes in the election. Out of some 60 million registered voters, nearly 25 million, or 41 percent, went to the polls, according to the final results announced by the National Election Authority on Monday. Sisi secured roughly the same proportion of ...

Bloomberg China took a major step toward seeing Alibaba Group Holding Ltd., Baidu Inc. and others list in its domestic market, announcing a trial programme that would allow the technology giants to see their shares bought and sold in the world’s most populous country. The State Council unveiled the plans, less than a month after the idea was first made ...