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Bloomberg Fiat Chrysler Automobiles NV will push ahead with separating the parts business, while the carmaker doesn’t have any big deal on the table and hasn’t received any approach for a combination. “There are some activities at the component businesses which don’t belong to the car business and the group must be purified from those assets,” Chief Executive Officer Sergio ...

Bloomberg Honda Motor Co. agreed to pay $484 million to settle economic-loss claims tied to Takata Corp. air bag recalls, bringing total settlements over the faulty safety devices to more than $1 billion. The agreement will provide for faster replacement of recalled air bags and reimburse customers for out-of-pocket costs. The Honda deal follows a $533 million settlement with four ...

Bloomberg Asian buyers of liquefied petroleum gas are already paying for disruptions half a world away in Texas as record rainfall halted shipments of propane and butane from ports that handle more than 90 percent of US exports to the region. Marine export terminals operated by Enterprise Products Partners LP, Targa Resources Inc. and Phillips 66, all suppliers of the ...

Bloomberg North Korea said it successfully tested a hydrogen bomb with “unprecedentedly big power” on Sunday that can be loaded onto an intercontinental ballistic missile, in its first nuclear test under US President Donald Trump’s watch. The test, ordered by Kim Jong Un, was a “perfect success” and confirmed the precision and technology of the bomb, according to the Korean ...

DUBAI / WAM Abu Dhabi achieved a 4% uplift in hotel guests last month, compared to July 2016, with almost 400,000 guests pushing the cumulative total for the first seven months of the year to over 2.6 million, maintaining a growth of 7% on the year, according to figures released by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi). ...

DUBAI / WAM Hussain bin Ibrahim Al Hammadi, Minister of Education, stressed that the Emirati schools have become more established, developed and up-to-date with the best international systems. He added that the ministry has conducted a series of continuous improvement programmes, as part of their development efforts to adopt the best educational standards and practices in the country’s education system, ...

Bloomberg The UK wants to squeeze in more hours of Brexit negotiation as an October deadline to secure a breakthrough with the European Union looks increasingly unattainable. There are only two more rounds penciled in before an EU summit that will decide if talks can move to trade. But time is not on the side of PM Theresa May, and ...

Bloomberg PayPal Holdings Inc. is turning to its old nemesis, plastic, to help it expand beyond the digital realm. The online payments venture is introducing a credit card that offers customers 2 percent cash back on purchases—one of the industry’s highest rebate rates—with no annual fee. The rewards will appear in users’ online wallets and can be spent immediately on ...

Bloomberg Prime Minister Theresa May said she’s keen for the UK to keep any benefits from a potential trade deal between the European Union and Japan after its scheduled departure from the bloc in March 2019. “There’s obviously a number of trade deals that the EU has with other countries and we are looking at the possibility of those being ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has announced that the adoption rate of its smart services has reached 80 percent, ahead of the deadline set by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to reduce the number of visitors to government offices by 80 ...