Bloomberg Best World International Ltd plunged to its lowest in six months after activist short seller Bonitas Research published a report questioning the company’s accounting and sales. The Singapore-based firm has overstated sales and profit in China, Matthew Wiechert’s Bonitas said in the report, which was based on on-the-ground research on the Chinese mainland. Bonitas believes that Best World’s “Chinese ...
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Bloomberg President Donald Trump’s re-election hopes have always hinged on supercharging the US economy, and data showing faster than expected growth provided him a boost just as he prepares to ramp up his campaign. Trump heralded the Commerce Department report that gross domestic product rose at a 3.2 percent annual rate in the first quarter of 2019 — describing it ...
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Bloomberg Over the past decade, Uber Technologies Inc. proved itself to be one of the most prolific young fundraisers ever. It pulled together more than $20 billion from private investors. After burning through more than half that amount in just the last three years, Uber will soon see whether it can recreate that magic on the stock market. The ride-hailing ...
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Bloomberg A regulatory fight over Elon Musk’s tweeting habit may be over — at least for now. Tesla Inc.’s chief executive officer and the US Securities and Exchange Commission said in a court filing that they are settling a legal dispute over how Musk posts news about his electric-car company, avoiding a decision by a federal judge in New York ...
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Bloomberg For many Spanish voters now mulling their choice for prime minister, Pedro Sanchez, the incumbent, has made the most convincing case. Since calling a snap vote almost two months ago, the Socialist leader has watched opinion polls move in his favour. As voters contemplate their options on what is officially a “day of reflection†after the formal election campaign ...
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DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the headquarters of the Federal Youth Authority (FYA), at the Emirates Towers, Dubai. His Highness also approved FYA’s operational plan and initiatives that aim to utilise the youth’s capabilities and creativity so that they can become ...
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Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Roch Marc Christian Kabore, President of Burkina Faso, to discuss relations between the UAE and Burkina Faso. During their meeting, which took place on Wednesday in the Al Shati Palace, both sides discussed ...
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Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued the Council’s Resolution No. (3) of 2019 that regulates autonomous vehicle testing in Dubai. The new Resolution, the first such initiative in the region, is part of the first phase of a legislative framework being created ...
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Abu Dhabi / WAM HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, inaugurated the 29th edition of Abu Dhabi International Book Fair (ADIB), on Wednesday at the Abu Dhabi National Exhibition Centre (Adnec). The event is being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...
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Bloomberg SoftBank Group Corp’s $1 billion bet on Wirecard AG is a boon for the battered German digital-finance firm and secures a major European partner for the Japanese tech conglomerate that’s bulking up in mobile payments. For SoftBank, the agreement furthers its transformation from a telecommunications operator into a technology investor under founder Masayoshi Son. For Wirecard, the investment means ...
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