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Bloomberg Tesla Inc said it’s looking into a fire in Shanghai involving one of its vehicles after a video of a car bursting into flames was circulated on social media in China. The US electric-car maker has sent a team to Shanghai and is in touch with local authorities, Tesla said on its official Sina Weibo account. As far as ...

Bloomberg The Trump administration released rules for a tax break designed to encourage economic development in distressed areas throughout the US by making it easier to invest in businesses and real estate in low-income communities. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting the regulations, which the administration said will spur $100 billion ...

Bloomberg Canada recorded smaller trade deficits than expected in the first two months of 2019 on a rally in oil prices, but figures show the nation’s exporters are still struggling. The nation posted a smaller-than-expected C$2.9 billion ($2.2 billion) deficit in February, and Statistics Canada revised down its initial deficit forecast for January by C$1 billion. Yet, the improved trade ...

Bloomberg The San Francisco Bay Area and Boston are likely at the top of the list of US regions to work for tech job seekers. But for techies interested in building the next generation of autonomous cars or supersonic jets, smaller cities may offer better opportunities. Job-seekers have good reason to search outside the top tech hubs because smaller centers ...

Bloomberg Sri Lanka’s government has blamed local extremist group National Thowheed Jamath (NTJ) for one of Asia’s deadliest terrorist attacks in years, and said other nations had shared intelligence warnings ahead of the blasts. The death toll rose to 290 in the coordinated blasts on Easter Sunday at churches and luxury hotels, which the government said were carried out by ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted the National Artificial Intelligence Strategy 2031 during its meeting at the Presidential Palace in Abu Dhabi on Sunday. The Cabinet meeting was attended by His Highness Lt. General Sheikh Saif bin ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), has launched ‘Your Cash Dividend in Your Bank Account’ awareness campaign, which aims at encouraging investors to provide ADX with their International Bank Account Number (IBAN), UAE ID details, and contact information, to ensure receiving their cash dividends directly into their bank account. ADX urged investors to update their information through ...

ABU DHABI / WAM Thousands of literature enthusiasts and industry professionals from the Emirate of Abu Dhabi, the region and around the world are expected to attend, the upcoming Abu Dhabi International Book Fair (ADIBF 2019), reinforcing the emirate’s position as a global hub for publishing. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

Ajman / WAM Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Department of Municipality and Planning in Ajman, and Pat Breen, Irish Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, discussed ways of advancing cooperation between Ajman and Ireland in the areas of health, innovation, technology and business. Both sides also discussed means ...

Bloomberg Billionaire Mukesh Ambani’s debt-fuelled bet on the rise of the Indian consumer is starting to pay off, with his retail and telecommunications businesses contributing an increasing share of revenue and profit to his $87 billion empire. The two divisions accounted for a combined 23 percent of revenue for the year ended March, up from 17 percent in the previous ...