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Bloomberg BMW AG will begin a car-subscription pilot in Tennessee next week, joining the ranks of automakers experimenting with new ownership models as ride hailing and smartphones upend traditional auto retailing. The service, called Access by BMW, will be offered by a local BMW dealership in Nashville starting from April 2, according to a person familiar with the company’s plans ...

Bloomberg Germany is willing to offer the US concessions to stop President Donald Trump from slapping tariffs on European steel and aluminum, exposing a divide with France on how to avert a trade war. Germany is ready to discuss with the European Union in every respect measures to counter the US threat to impose tariffs, according to a government official ...

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, and President Moon Jae-in of South Korea visited the Barakah Nuclear Energy Plant in Al Dhafra Region to celebrate the successful completion of Unit 1 construction. During the ceremony, both leaders highlighted the importance ...

Sharjah / WAM Air Arabia received the ‘Corporate Editor Choice Award’ at the 2018 Air Transport Awards organised by Air Transport News (ATN), in Dubai. The award is a demonstration of Air Arabia’s continued commitment to passenger satisfaction and development within the industry. Air Arabia received the award at the Air Transport Awards, which remains the only international prize that ...

Abu Dhabi / Emirates Business The Dubai Future Foundation (DFF) has announced the signing of partnership agreements with several major international firms to support the One Million Arab Coders initiative launched in October last year by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The Foundation signed partnership ...

Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM) and Jersey Financial Services Commission (JFSC) are pleased to announce a collaboration agreement to disseminate trends on registries, services and operations in real time to promote growth in both jurisdictions. This new partnership was established during the signing of a statement of co-operation agreement by John Harris, Director General of ...

Bloomberg A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said. The investor group, which also includes Manipal Health Enterprises Pvt, could announce a deal as soon as the next few days, according to the people, who asked not ...

Bloomberg China’s aspiration to deploy 30 million autonomous vehicles within a decade is seeding a fledgling chip industry, with startups like Horizon Robotics Inc. emerging to build the brains behind those wheels. The Beijing-based company is taking aim at Nvidia Corp. and Mobileye NV just as the autonomous-driving business takes off and uncertainty looms over international trade. Annual revenue from ...

Bloomberg Europe’s $38 billion a year carbon market is finally starting to work the way it was intended, reining in pollution with a minimum of squealing from industry. Thirteen years after it was created to limit carbon-dioxide emissions, prices for the allowances are rising. European Union policymakers have enacted measures expected to keep the cost of pollution on an upward ...

Bloomberg The Trump administration is under growing pressure to explain the details of its trade policies after fears of a tit-for-tat economic conflict between the US and China sent stocks tumbling. Businesses and investors are awaiting details in the coming days of the proposed product list for the tariffs on roughly $50 billion in Chinese imports President Donald Trump announced. ...