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Bloomberg SoftBank Group Corp will invest $2 billion in Indonesia through ride-hailing giant Grab over the next five years and plans to explore investment opportunities in the country’s electric battery and renewable energy sectors. The Japanese conglomerate, which announced plans last week to raise a total of $108 billion for its second Vision Fund, will also increase its investment in ...

Bloomberg India’s growing affluence is seeing its population turn more carnivorous, leading the country with the world’s highest number of vegetarians to import more corn for chicken feed than ever before. Corn purchases by Asia’s second-biggest grower are set to climb to a record 1 million tons in the year starting in November, said Jaison John, general manager for procurement ...

Bloomberg Deutsche Telekom AG is the closest it’s ever been to securing the US wireless mega-merger that Chief Executive Officer Tim Hoettges has attempted to clinch three times. The German phone company rose the most in almost 10 months on Monday after clearing a major hurdle for the $26.5 billion takeover of Sprint Corp by its T-Mobile US Inc unit ...

Bloomberg Facebook Inc’s “Like” button makes third-party websites responsible for processing people’s data under the European Union’s privacy rules, according to the EU’s top court. The EU Court of Justice weighed in on a dispute after an online fashion retailer was accused of violating EU law by embedding a Like plugin, which a consumer association said allowed the social media ...

Bloomberg Pharmaceutical behemoth Pfizer Inc has transformed itself under new leadership through a series of spinouts and joint ventures, mitigating risk by placing some units at arm’s length while continuing to reap rewards from them. Chief Executive Officer Albert Bourla, 57, who took the helm in January after serving as the drugmaker’s operations chief, has rapidly transformed the company through ...

Bloomberg China said violent protests in Hong Kong wouldn’t be tolerated, its most high-profile response to unrest rocking the city after a chaotic weekend of unrest illustrated the government’s struggles in quelling a leaderless, unpredictable and widespread movement. The Hong Kong and Macau Affairs Office, which answers to China’s cabinet, reaffirmed its support for the city’s government and police in ...

ABU DHABI / WAM National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum, an Adnoc Group company, and JV with CNPC. According to a statement, NPCC and Petrofac will provide front end engineering design (Feed) services for the Belbazem Block Development Project, located offshore Abu Dhabi. ...

DUBAI / WAM Drydocks World, the service provider to the marine, offshore, oil, gas and renewable energy sectors, has signed a contract with Petrofac and end-client TenneT to carry-out the construction of a High Voltage Alternating Current (HVAC) Transformer Station Topside, named Hollandse Kust Zuid Alpha. The HVAC platform will be part of a renewable energy wind farm, located in ...

ABU DHABI / WAM Aldar Properties on Sunday provided its latest quarterly update on projects under development across its key destinations in Abu Dhabi. According to a statement issued by the company, work on infrastructure in Alreeman, a residential and commercial investment zone in the Alshamkha, which was launched earlier this year, commenced in July following the appointment of Tristar ...

DUBAI / WAM Dubai Future Foundation has announced the selection of a number of local and global startups to work on a series of future projects in collaboration with three government entities within the first round of Dubai Future Accelerators’ 6th Cohort. Nine startups from around the world succeeded in finding innovative solutions to challenges launched by Dubai Police, the ...