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Bloomberg Three days after agreeing to sell off the last of its Hilton stake, Blackstone is buying another hotel company. Blackstone Group LP has agreed to acquire luxury hotel owner LaSalle Hotel Properties, according to people with knowledge of the matter. The all-cash transaction values LaSalle at $33.50 a share, or $4.8 billion including debt, said the people, who asked ...

Bloomberg The UK government will set laws to stop cyber bullying among children, which may include multimillion dollar fines for social media companies like Facebook Inc. if they flout new statutory codes of conduct. “I don’t want the trolls to win,” Culture Secretary Matt Hancock told ITV after his department published further details of an Internet Safety Strategy. The government ...

Bloomberg Facebook Inc. co-founder Mark Zuckerberg’s testimony to the European Parliament on Tuesday on the Cambridge Analytica scandal will be broadcast live on the internet. Zuckerberg agreed to the web feed after talks with Antonio Tajani, the president of the parliament. The proceedings, scheduled for the late afternoon in Brussels, were to take place behind closed doors. “Great news for ...

Bloomberg Donald Trump and Kim Jong-un will meet next month to negotiate a deal that could avert nuclear war. But the ultimate success of any agreement hinges on someone else: China’s President Xi Jinping. As North Korea’s largest trading partner, China’s enforcement of United Nations sanctions helped bring Kim to the negotiating table while also shielding his regime from Trump’s ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received at Al Badee’ Al ‘Amer Palace, Ramadan well-wishers who called on him on the occasion of the holy month of Ramadan. His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, was present. Sheikh Sultan received ...

Dubai / WAM Abdullah Sultan Al Shamsi, Under-Secretary at the Ministry of Economy and Chairman of the Executive Global Innovation Team, and Kim Yungray, Director-General of Commercial Policies at the Ministry of Commerce and Industry of South Korea, discussed potential cooperation in advanced automotive technology during a meeting at the headquarters of the Ministry of Economy in Dubai. They also ...

ABU DHABI / Emirates Business Injazat Data Systems (Injazat) and MDC Business Management Services (MDC-BMS), along with Mubadala Investment Company’s Enterprise Technology Services division, have announced the establishing of ‘Project Tarabot’, a strategic Joint initiative for building a Hybrid Cloud Platform in Abu Dhabi for the Mubadala Group of Companies. The Hybrid Cloud platform will be aligned to the principle ...

ABU DHABI / Emirates Business Etisalat on Sunday announced its exclusive partnership with GSMA for Mobile 360 series-MENA conference in 2018 and 2019, a regional platform that attracts telecom leaders from across the global and regional mobile industry to address key challenges and opportunities in the mobile ecosystem. The three-day conference scheduled to take place from November 27-29 at Dubai ...

Bloomberg TPG, the first major US private equity firm to invest in Myanmar after it emerged from military rule, is working on another landmark transaction in what’s become one of the world’s fastest-growing economies. It’s pursuing a deal to create Myanmar’s biggest independent owner of telecom towers as mobile-phone usage in the country soars, people with knowledge of the matter ...

Bloomberg Chinese conglomerate Fosun International Ltd. is looking to gain a bigger foothold in North America’s tourism and leisure market through acquisitions, as the owner of Club Med SAS launches a new product line for China. “We’re interested in anything related to the tourism sector, from travel agencies and resort brands to recreational content providers,” Qian Jiannong, senior vice president ...