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Bloomberg US Secretary of State Michael Pompeo leaves for Moscow on Sunday, with President Donald Trump again calling for improved ties now that Special Counsel Robert Mueller has finished his investigation. Pompeo will meet US diplomats at the American Embassy in Moscow on Monday before continuing to Sochi for talks with President Vladimir Putin and other senior officials. The secretary ...

Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq), Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah FDI Office (Invest in Sharjah) will organise the fifth edition of the Sharjah Economic Ramadan Majlis on May 12 at the Al Jawaher Reception and Convention Centre (JRCC) in Sharjah. The Majlis will host discussions on a series of topics ...

Dubai / Emirates Business Dubai welcomed innovative cruise ship, Spectrum of the Seas into Port Rashid, marking its debut into the Arabian Gulf. In celebration of this significant occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the ship’s captain and key industry stakeholders from the Dubai Cruise Committee. Reaffirming Dubai’s position as ...

Abu Dhabi / WAM The Federal Youth Foundation launched the ‘Emirati Values Iftar’ initiative to celebrate Ramadan, whereby Emirati families host resident families from all backgrounds in their homes for Iftar meals throughout the Holy Month, introducing them to authentic Emirati customs and values. Organised under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, ...

Abu Dhabi / WAM Founder’s Memorial, a permanent national tribute to the late Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the UAE, has completed its first year of operations since opening to the public in April 2018. In that time, 198,919 people from a range of ages and cultural background have visited the Memorial, including a number ...

Bloomberg Apple Inc has finalised a short list of locations for its first retail store in India, according to people familiar with the plans, as the company redoubles its efforts in the world’s fastest-growing smartphone market. The iPhone giant has zeroed in on several upscale sites in Mumbai, and plans to make a final decision in the next few weeks, ...

Bloomberg Beijing InnoCare Pharma Tech Co, which is developing treatments for cancer and autoimmune diseases, is planning a Hong Kong initial public offering, people with knowledge of the matter said. The company has been interviewing potential advisers and aims to list as soon as this year, said the people, asking not to be identified because the information is private. InnoCare ...

Bloomberg Johnson & Johnson agreed to pay about $1 billion to resolve most lawsuits claiming it sold defective metal-on-metal hips that ultimately had to be removed, according to people with knowledge of the matter. With the agreement, J&J has now resolved more than 95 percent of the 6,000 cases in which surgeons extracted the Pinnacle implants because of defects that ...

Bloomberg Volkswagen AG’s Porsche sportscar unit agreed to pay 535 million euros ($599 million) to end a probe into rigged diesel engines, bringing the total amount of fines in its home country to more than 2.3 billion euros. The carmaker won’t appeal the order which was levied as part of an ongoing criminal investigation targeting managers at the Porsche brand, ...

Bloomberg In its first financial report since going public, Lyft Inc exceeded analysts’ sales expectations and assured investors that its hefty losses will decrease next year. The San Francisco-based company projected second-quarter revenue of $800 million to $810 million. Analysts were expecting $782 million, according to data compiled by Bloomberg. Sales grew 95 percent to $776 million in the first ...