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Bloomberg Barack Obama delivered a blunt rebuke of President Donald Trump in the opening salvo of the former president’s campaign to bolster Democrats in the midterm congressional elections. The former president warned of dire consequences if US voters stand on the sidelines in November’s midterm election, saying the nation is living through “dangerous times.” “This is one of those pivotal ...

Bloomberg Singapore’s Grab outlined ambitious fundraising plans and predicted that sales will double next year, adding to evidence that Southeast Asia’s most valuable startup is expanding well beyond its roots as a ride-haling app while intensifying a rivalry with Indonesia’s Go-Jek. Revenue will double to $2 billion in 2019 as it integrates the acquisition of Uber Technologies Inc.’s regional business ...

Bloomberg Reliance Industries Ltd.’s recent gains are helping one of India’s most-valuable companies catch up with the benchmark index, which it had trailed for much of the past decade. At close of trading this week, the company’s shares had surged 135 percent since it launched telecom services in 2016, nearly four times the advance in the S&P BSE Sensex, making ...

Bloomberg Britain’s trade unions will demand that a second referendum on Brexit be kept on the table as the campaign to give the public a final say on Prime Minister Theresa May’s divorce deal gathers pace. The call will be made in an agreed statement by the Trades Union Congress umbrella group on Sunday, according to three people familiar with ...

Bloomberg US workers may be finally getting a pay raise — and perhaps more importantly, they’re earning it by becoming more efficient. Average hourly earnings for private workers increased 2.9 percent in August from a year earlier, the most since the recession ended in mid-2009, the Labor Department said. The gains were broad-based, ranging from manufacturing to retail. The fatter ...

Bloomberg Volkswagen AG Chief Financial Officer Frank Witter was asked this week whether the world’s largest carmaker would be open to selling shares in the luxury-car unit that includes Porsche and Lamborghini. He didn’t say no to the option, which could potentially unlock billions of dollars in value for Volkswagen investors. “It is a legitimate question, without a doubt,” Witter ...

SHARJAH / WAM As global economies transition from readying themselves for the Fourth industrial revolution, to devising frameworks and capital markets that pave the way for a profitable and sustainable future, the 4th Sharjah FDI Forum, slated to take place on December 10-11, under the patronage of HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler ...

Abu Dhabi / WAM The UAE will celebrate on Thursday the annual International Day of Charity, which takes place on September 5. The country has succeeded in transforming charity work into a culture and social behaviour, which is well-established in the Emirati character. This year’s celebration followed the Year of Giving in 2017, which aimed to promote the values of ...

Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, on Wednesday announced that it will provide design and development consultancy services for the world’s largest indoor Snow & Ski resort, Wintastar Shanghai, led by Singapore’s SGX Catalist-listed purveyor of luxury lifestyle, real estate and hospitality, KOP ...

Frankfurt / WAM A memorial to the UAE’s heroes and a celebration of the nation’s unity, Abu Dhabi’s Wahat Al Karama (Oasis of Dignity) has been announced as one of the winners of the German Design Award, an annual competition organised by the German Design Council, to recognise exceptional architectural projects and products. The Oasis received the award for its ...