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  Bloomberg Volkswagen, Europe’s biggest automaker, plans to launch its first pure-electric car in China next year as Beijing steps up pressure on the industry to promote alternatives to gasoline. The announcement on Tuesday comes on the eve of the Shanghai auto show, which showcases industry efforts to create electric models with consumer appeal. General Motors Co.’s Buick unit and ...

  Bloomberg Ten years after Steve Jobs held up the original iPhone to a gushing San Francisco crowd, Apple Inc. is planning its most extensive iPhone lineup to date. Apple is preparing three iPhones for launch as soon as this fall, including upgraded versions of the current two iPhone models and a new top-of-the-line handset with an overhauled look, according ...

  Bloomberg President Donald Trump was expected to take aim at information-technology outsourcing comp- anies on Tuesday when he orders a review of H-1B visa programs to favor more skilled and highly paid applicants. An administration official who briefed reporters in advance named Tata Consultancy Services, Cognizant Technology Solutions Corp. and Mphasis Corp. as examples of outsourcing companies that would ...

  Abu Dhabi / WAM The Mohamed bin Zayed Award for the Best GCC Teacher was launched on Monday in Abu Dhabi, upon the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. With the total value prize of AED6 million, the award highlights exceptional educational ...

  Dubai / WAM The Ministry of Climate Change and Environment (MoCCaE) held its first ‘Environment and Business Majlis’ for 2017. The Majlis took place on Monday at Majid Al Futtaim’s Leadership Institute in Dubai, and was attended by leaders from 60 companies. In his opening statement, Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, stressed the importance ...

  Abu Dhabi / Emirates Business As many as 15 government entities and private bodies will exhibit in the UAE pavilion at Hannover Messe — the world’s largest manufacturing industry trade fair. The UAE is sending a delegation to Germany to participate in the prestigious exhibition for the tenth consecutive year, being held from April, 24-28. Across two halls and ...

  SHARJAH / Emirates Business His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, will witness the launch of the region’s largest children’s reading event on Wednesday at 10:00 AM, as more than 2,093 activities and 123 international exhibitors focus on the needs, trends, issues and solutions of young readers at ...

  Bloomberg South Korea’s National Pension Service agreed to restructure 1.55 trillion won ($1.4 billion) of bonds issued by Daewoo Shipbuilding & Marine Engineering Co., helping the world’s largest shipbuilder tide over a payment crisis that had threatened to almost shut the company. An agreement came after Daewoo, the Korea Development Bank and Export-Import Bank of Korea took steps to ...

  Bloomberg Singapore home sales surged to the highest monthly total for nearly four years in March, a month in which the government rolled back some property curbs following a three-year slide in prices. Developers sold 1,780 units in March, the most in a month since June 2013 and more than double the 843 sold in the same period last ...

  Bloomberg Ant Financial raised its agreed offer for MoneyGram International Inc. by 36 percent as the financial-services company controlled by Chinese billionaire Jack Ma tries to top a competing offer and overcome security concerns. The revised bid is worth $18 a share in cash, up from a previous offer of $13.25, the companies said in a joint statement. The ...