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Bloomberg Last September, two months before his arrest in Tokyo, then Nissan Motor Chairman Carlos Ghosn and the carmaker’s chief executive officer considered bringing in a new partner for the alliance with Renault SA and Mitsubishi Motors Corp, according to an email. At the time, Ghosn was under pressure to make the three-way automobile alliance “irreversible.” In a message to ...

Bloomberg The Chinese government said it will extend a suspension of retaliatory tariffs on US autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume this week. Beijing temporarily scrapped the 25 percent tariff imposed on vehicles as a tit-for-tat measure on January 1, ...

Bloomberg DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest companies in logistics and freight forwarding. The board of directors of Panalpina recommended shareholders accept the mostly stock offer worth 196 Swiss francs a share, the companies said in a statement on Monday, confirming ...

Bloomberg Facebook Inc made a very public bid over the weekend to shape the global conversation about internet regulation, though so far some politicians remain skeptical of its efforts. The company’s top lobbyist urged regulators around the world to agree on standards governing online content — and to prevent a patchwork of different regulations that make it difficult for international ...

Bloomberg Italy must more than double its capacity to store electricity if it wants to slash pollution from burning fossil fuels, the head of the nation’s power transmission network said. Terna SpA Chief Executive Officer Luigi Ferraris said Italy may need as many as 6 gigawatts of storage by 2030 to balance a boom in renewables. Storage is one of ...

ABU DHABI / WAM Adnoc Drilling, an Abu Dhabi National Oil Company (Adnoc), subsidiary, on Sunday announced the completion of its first fully ‘integrated drilling services’ well in the Al Dabbyia onshore field, in the Al Dhafra Region of the Abu Dhabi emirate. The well was the first to be drilled in a fully integrated way – delivered to Adnoc ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), completed the Structural Integrity Test (SIT), and Integrated Leak Rate Test (ILRT), at Unit 2 of the Barakah Nuclear Energy Plant. These significant pre-operational tests incorporated all the lessons learned from the same tests on Unit 1, and represent another major achievement in the testing and commissioning phase of the ...

Dubai / WAM Emirates Global Aluminium (EGA), Mubadala and Dubal Holding on Sunday officially broke ground on a new AED1 billion state-of-the-art power block at EGA’s Jebel Ali smelter in Dubai. EGA is the largest industrial company in the UAE outside oil and gas, and is jointly owned by Mubadala Investment Company and Dubal Holding. The ground-breaking ceremony was held ...

Dubai / WAM Arab Regional Tax Forum has discussed ways of balancing tax policies, Arab countries’ competitiveness in managing them, as well as the challenges facing these nations in pursuing their tax policies. The two-day forum which opened on Sunday at the Grand Hyatt Hotel in Dubai, is organised by the Ministry of Finance (MoF), and the Arab Monetary Fund ...

Bloomberg Some ex- Tata Group executives have teamed up with a veteran investor to seek to bring change at Indian companies, in a rare attempt to influence management in a country where shareholder activism has largely failed to take hold. Former Tata employees including Mukund Rajan and Govind Sankaranarayanan have partnered with Ajit Dayal, the founder of mutual fund firm ...