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Tesla tells new taxi, Uber drivers not to use its superchargers

Bloomberg Professional drivers looking to buy a Tesla to shuttle paying customers around should consider this: After Friday, vehicles used for commercial purposes won’t be allowed to use the company’s Superchargers anymore, according to an updated policy. The change in rules applies to vehicles being deployed as taxis — including by drivers for Uber Technologies Inc. or Lyft Inc. — ...

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Johnson creates new Brexit intervention as May stays firm

Bloomberg UK Foreign Secretary Boris Johnson made a fresh intervention in the debate over Britain’s future relationship with the European Union, even as Prime Minister Theresa May said she won’t be derailed in her strategy. Johnson called for a “liberal Brexit” in an interview with the Sunday Times newspaper, as he said the advantages of leaving haven’t been properly outlined ...

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Sharjah and Japan explore new commercial avenues

Sharjah / Emirates Business As Sharjah continues its extensive drive to build a wider global base of economic allies and investors, government entities, expanding enterprises and private businesses from Japan and Sharjah met to discuss latest investment opportunities in the rapidly diversifying economic milieu of Sharjah and the UAE. For the first time an international business meeting was brought to ...

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EcoWASTE 2018 to host global stakeholders, industry experts

Abu Dhabi / Emirates Business EcoWASTE Exhibition will be held for the fifth successive year in 2018 in Abu Dhabi, with a focus on advancing sustainable waste management and recycling across the Middle East and North Africa (MENA). As a platform to establish a future-centric agenda and lead dialogue in the industry, EcoWASTE Exhibition will bring together businesses, policymakers, municipalities, ...

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Saab sets up new centre at Tawazun Industrial Park

Abu Dhabi / WAM Saab, a defence technology solutions supplier, has officially established its development and production centre in Abu Dhabi at Tawazun Industrial Park (TIP), the hub for strategic defence and aerospace manufacturing. The facility was inaugurated in the presence of Saif Mohammed Al Hajri, Board Member of Tawazun Economic Council; Major General Staff Pilot Ibrahim Nasir Al-Alawi, Commander ...

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DLD inks ‘real estate promotion trustee’ deal with Q4 Consultants

Dubai / Emirates Business Dubai Land Department (DLD) announced that it signed a strategic partnership agreement with Q4 Consultants. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and Deepak Batra on behalf of Q4 Consultants. Under the terms of the agreement, the Indian company will act as a ‘Real Estate Promotion Trustee’, supporting ...

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Hong Kong targets next Alibaba in IPO rules revamp

Bloomberg Hong Kong’s stock exchange proposed to let “innovative” companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd. Allowing shares with extra voting power is part of a package of measures that may be the biggest change to the exchange’s listing rules ...

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Indonesia’s Go-Jek acquires 3 firms

Bloomberg Go-Jek, Indonesia’s biggest ride-hailing service, agreed to acquire three local financial-technology companies, underscoring its ambition to become the dominant player in the country’s nascent digital-payments industry. The deals bring together Kartuku, Indonesia’s largest offline payments-processing company; Midtrans, the nation’s top online-payment gateway; and Mapan, a local community-based saving and lending network, Go-Jek said. Go-Jek and the three companies now ...

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Brexit clears first milestone with hard yards ahead

Bloomberg The first phase of Brexit talks is done. Now comes the hard part. UK Prime Minister Theresa May has secured agreement from the European Union to move on from discussing the divorce terms to mapping out a plan for the future trade relationship. Before that, she wants to nail down a transition deal as soon as possible. This is ...

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China wants ‘cooperation’ as UK seeks to boost trade

Bloomberg China wants to deepen financial and investment links with the UK as Britain seeks to boost two-way trade once it leaves the European Union. Vice Premier Ma Kai said both countries should also push cooperation to a new level in areas including nuclear-power generation, manufacturing, high-speed rail, high-end manufacturing, and trade and investment liberalisation. “The United Kingdom has obvious ...

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