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Bloomberg Grab, the dominant ride-hailing service in Southeast Asia, is close to finalising a deal to acquire Uber Technologies Inc.’s business in the region and may sign a deal this week or next, according to people familiar with the matter. Under terms of the proposed agreement, Grab would buy out Uber’s operations in certain markets in Southeast Asia and Uber ...

Bloomberg Blackstone Group LP says it’s found the formula for making money in India, which has become its top-performing market globally after the firm began focusing on bigger buyout deals. Over the past few years, Blackstone has started concentrating on select sectors like consumer and information technology where it expects India to see the most wealth creation, according to Senior ...

Bloomberg The European Union’s trade chief dismissed US President Donald Trump’s threat to impose tariffs on car imports, and vowed to “stand up to bullies,” adding to signs that a widening trans-Atlantic rift over protectionism could escalate into an all-out trade war. “In some places, trade has been blamed for the pains of globalization, others use it as a scapegoat ...

Bloomberg A former prime minister of Finland once blamed Apple Inc. for torpedoing two of his country’s biggest industries—mobile phones and paper mills. Now Stora Enso Oyj, one of Europe’s largest paper and packaging makers, has become a key supplier to the iPhone maker, according to documents published. The tie-up wasn’t always on the cards. In 2014, then prime minister ...

Bloomberg BMW AG would like to start offering up the back seat on motorbikes and scooters to get around congested cities—if the issue of helmets can be solved. “This is definitely an option, but we haven’t found the solution for the second helmet yet,” Peter Schwarzenbauer, who heads BMW’s Mini, Rolls-Royce and motorcycle brands, said at the Geneva International Motor ...

Bloomberg UK Prime Minister Theresa May faces calls to crack down on Russian influence in Britain amid reports that investigators have linked Vladimir Putin’s regime to last week’s poisoning of a former spy in a city southwest of London. The Times and Telegraph newspapers reported that May could blame Russia publicly for the attempted nerve-gas murder of Sergei Skripal and ...

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, on Sunday inspected the status of a number of infrastructure developmental initiatives in the capital during a visit to the Abu Dhabi City Municipality premises. The projects inspected by HH Sheikh Mohamed included the ...

New Delhi / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, has reaffirmed the commitment of the UAE to continue working with its international partners to launch ambitious initiatives and programmes to produce energy from clean and sustainable sources. In his speech at the inaugural conference of the International Solar Alliance ...

DUBAI / WAM Expo 2020 Dubai Bureau has reaffirmed its commitment to inspiring collaboration and driving innovation globally through a series of initiatives and events held during the first-ever UAE Innovation Month. Throughout February, the bureau organised and participated in more than 20 events, in collaboration with Premier Partners and other entities across the UAE, engaging key stakeholders from government, ...

Dubai / WAM Indian Railways, India’s national railway system operated by the Ministry of Railways, has announced its participation at Middle East Rail 2018, to talk about $140 billion worth of current and future rail projects that the government is building to upgrade the country’s urban transportation network. Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...