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Bloomberg Chinese bike-rental startup Ofo is aiming to raise new funds at a valuation of about $3 billion, people familiar with the deal say, further inflaming an already pitched competition for capital by startups backed by the country’s largest technology firms. The company is seeking roughly $500 million, one of the people said, asking not to be named discussing an ...

Bloomberg As European Union officials count the days before their annual vacation, Google’s lawyers and lobbyists are hunkering down in Brussels, preparing for what may be a record EU antitrust fine. A penalty in the shopping-search probe could come within weeks and many expect it to exceed a $1.2 billion fine on Intel Corp. in 2009. That would be another ...

Bloomberg Tight cobalt supplies will keep boosting the price of one of this year’s hottest commodities, according to Eurasian Resources Group S.a.r.l., which is developing an almost $1 billion project in the Democratic Republic of Congo. Cobalt jumped 71 percent this year on surging demand for the metal used in batteries for electric cars made by firms such as Tesla ...

Bloomberg The number of fresh listings on Nasdaq Inc.’s alternative First North market in Stockholm has more than doubled this year, driven by health-care companies such as Promore Pharma, the latest from that industry to plan an initial public offering. Stockholm’s First North market saw 27 new listings, including 20 IPOs, between early January and May 22, according to data ...

Bloomberg Prime Minister Theresa May’s office backtracked on a statement that a deal was reached with Northern Ireland’s Democratic Unionist Party, adding to a sense of chaos around her government after last week’s disastrous election, and eight days before Brexit talks begin. “The prime minister has tonight spoken with the DUP to discuss finalizing a confidence and supply deal when ...

Dubai / Emirates Business The Dubai Future Foundation (DFF) and OnBoard International have joined hands to provide in-flight TV reports, broadcast by DFF’s Future Monitor, onboard Arab and international flights operated by major regional and international airlines. The in-flight scientific content will be available onboard flights to many Arab and international destinations, including London, Istanbul, New York City, Paris, Shanghai, ...

Dubai / WAM Bosch, the global supplier of technology and services, is the first company in the UAE to be certified to the new ISO 37001:2016 ‘Anti-bribery Management Systems’ standard, by TASNEEF-RINA Business Assurance L.L.C. The certificate was presented to the General Manager and Vice President of Robert Bosch Middle East, Volker Bischoff, and Bosch Middle East Compliance Manager, Sarfraz ...

Dubai / Emirates Business In the run up to the eleventh edition of the Dubai Festival for Youth Theatre, Dubai Culture & Arts Authority (Dubai Culture) – the Emirate’s dedicated entity for culture, arts and heritage – has announced the new festival programme for 2017 and 2018. This year, the programme will be launched afresh with a new series of ...

Abu Dhabi / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Higher Committee of Expo 2020 Dubai, inaugurated the UAE pavilion at Expo 2017 Astana on Saturday. HH Sheikh Ahmed bin Saeed Al Maktoum was accompanied by H.E Dr Sultan Ahmad Al Jaber, Minister of State and Chairman of the National Media Council (NMC), the government ...

Dubai / Emirates Business wasl properties, a subsidiary of wasl Asset Management Group, has announced the launch of wasl Topaz in Umm Hurair. The development will provide prospective tenants in this vital area of the city with 90 new residential units for leasing, ranging from one and two bedroom apartments to two and three bedroom apartments with dedicated maid’s rooms. ...