Uncategorized

Bloomberg In the end, the fate of AT&T Inc.’s $85 billion merger with Time Warner Inc. will come down to he said versus he said. Lawyers for AT&T and the Justice Department clashed one last time at the close of a six-week trial over the proposed combination, a deal the government aims to stop. The judge overseeing the antitrust case ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has discussed developing bilateral ties between the UAE and Austria with the Austrian Chancellor, Sebastian Kurz. During official talks held at the Presidential Palace in Abu Dhabi on Sunday, the two sides reviewed cooperation ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Sunday attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide hyperloop-enabled cargo systems to support the fast, sustainable ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, on Sunday, the Rain Room, in the presence of Sheikha Hoor bint Sultan Al Qasimi, President of Sharjah Art Foundation (SAF). Designed by Sharjah Art Foundation as the Middle East debut, the Rain Room building, permanently located in Al Majarah ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB), reported on Sunday a net profit of AED3 billion for the first quarter of 2018, up two percent year-on-year and six percent quarter-on-quarter. Commenting on the bank’s performance, Abdulhamid Saeed, Group Chief Executive Officer of FAB, said, “I am pleased to announce that we started 2018 on a positive note with ...

Bloomberg Baidu Inc. has raised more than $1.9 billion for its newly spun-off financial services division from TPG, Carlyle Group and other investors, creating one of China’s best-funded fintech companies. Taikang Group and other backers also joined the funding round for the newly formed company, which will be called “Du Xiaoman Financial” and use artificial intelligence to provide short-term loans ...

Bloomberg The Great Barrier Reef is being $379 million boost by Australia in the battle to save the world’s largest living structure as it faces mounting challenges such as climate change, agricultural runoff and a coraleating starfish. “Like reefs all over the world, the Great Barrier Reef is under pressure,” Prime Minister Malcolm Turnbull said in a statement on Sunday, ...

Bloomberg Pipeline owners led by Enbridge Inc. and Williams Cos. could be forced to refund as much as $18.5 billion to drillers, utilities and even United Airlines Inc. for upfront payments they charged customers before new US tax rules cut the corporate rate. Natural gas conduits include the cost of future tax payments in customer fees. Because the Trump administration ...

Bloomberg Roche Holding AG’s bet on fields outside its mainstay market of cancer is starting to pay off as the Swiss drugmaker boosted its forecast for this year. New medicines such as Ocrevus for multiple sclerosis and Hemlibra for hemophilia are driving the increase, the company said in a statement. The world’s biggest maker of cancer treatments also reported sales ...

Bloomberg Ford Motor Co. is sharpening its knives to cleave another $11.5 billion from spending plans and cut several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target. The automaker expects to save $25.5 billion by 2022, Chief Financial Officer Bob Shanks told reporters as Ford reported first-quarter earnings per share and ...