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Bloomberg Facebook Inc sent a clear signal with its agreement to buy a brain computing startup: heightened regulatory scrutiny and intensifying antitrust probes won’t slow down its pace of acquisitions. With its announcement of plans to purchase CTRL-Labs for at least $500 million, Facebook continued its pattern of snapping up promising startups in new markets, the very behaviour that the ...

Bloomberg Renault SA Chairman Jean-Dominique Senard said he would back a tie up with Fiat Chrysler Automobiles NV should another opportunity arise to get a deal. If the project with Fiat “were to come back under conditions that are acceptable for all, I would be delighted,” Senard told French senators at a hearing in Paris, adding that there’s nothing currently ...

Bloomberg Contract workers for Google in Pittsburgh voted to join the United Steelworkers, according to the union. The result was 49 votes for and 24 against, said Maria Somma, the organising director for the union. This is one of the first victories for organised labour since waves of employee activism began consuming the technology giant last year. The union hopes ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has said that the continued improvement and enhancement of government processes and procedures are critical to enhancing the lives of individuals and ensuring better opportunities for future generations. Governments should have a strong focus on outcomes and seek ...

Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (6) of 2019 pertaining to the joint ownership of real estate in Dubai. The new law applies to all major real estate development projects and jointly owned properties in Dubai, including ...

Dubai / WAM Dubai Islamic Economy Development Centre (DIEDC), received a senior financial delegation from Indonesia that aimed to learn about the Islamic economy system in the UAE and explore opportunities for cooperation. The delegation comprised senior officials from Bank Indonesia – the central bank of the country – and the Indonesia Halal Lifestyle Centre, as well as representatives of ...

NEW YORK / WAM The United Arab Emirates has emphasised the health benefits of addressing climate change including air pollution, and extreme weather events, and called for greater global efforts to address the climate-health nexus. During the UN General Assembly’s High-Level Meeting on Universal Health Coverage, Hessa Essa Buhumaid, Minister of Community Development, noted that there is far too little ...

Bloomberg Google won a European Union court battle against plans to impose a global “right to be forgotten” in the latest landmark ruling over where to draw the line between privacy and freedom of speech. The EU Court of Justice said search engines should remove results on European versions of its websites and weren’t required to scrub links globally. Five ...

Bloomberg Fintech Fundbox Inc has raised $176 million in a new funding round from investors including Allianz SE and General Catalyst. The company was expected to announce the funding on Tuesday, along with a new $150 million credit facility. A Fundbox spokesman said the new round valued the company at between $500 million and $1 billion, but would not disclose ...

Bloomberg Volkswagen AG’s two top leaders, Chief Executive Officer Herbert Diess and Chairman Hans Dieter Poetsch, were charged with market manipulation in Germany over allegations they failed to inform investors early enough about the diesel-emission scandal. Former CEO Martin Winterkorn was also charged in the case, according to the indictment filed by Braunschweig prosecutors. The shares fell as much as ...