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  Bloomberg Didi Chuxing, the ride-hailing service that acquired Uber Technologies Inc.’s China business last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable business model, according to people familiar with the matter. Didi’s investors, numbering more than 100, are divided over whether more capital is needed now, said ...

  Bloomberg Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking ...

  Bloomberg It’s not the economy. Prime Minister Narendra Modi took a dig at critics of his cash ban after government data showed surprisingly strong growth that helped India retain its position as the world’s fastest-growing big economy. “Well known intellectuals from Harvard and Oxford, who have been at key positions in the Indian economic system, had said the GDP ...

  Bloomberg China, which tightly censors the internet, called on Thursday for a new model for governing the web based on rules and order rather than the unfettered access seen in democratic societies. Speaking in Beijing, foreign ministry and cyberspace affairs officials made China’s latest argument for being a global leader in managing the internet. Unveiling the country’s first cyber ...

  Bloomberg Two years after Switzerland suffered a surge in the franc, the currency is still proving a challenge. While the move in 2015 didn’t cause a recession, the Swiss economy remains burdened with the aftermath: an exchange rate that the central bank continues to describe as “significantly overvalued.” That picture was reinforced by data on Thursday showing exports recorded ...

  Bloomberg Yahoo is punishing CEO Marissa Mayer and parting ways with its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and already have cost the company $350 million. Mayer won’t be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded ...

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, honoured the winners of the International Burda Award at its 14th session. The award was organised by the Ministry of Culture and Knowledge Development in the fields of ...

  Dubai / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, has signed a Memorandum of Understanding (MoU) with RAKBANK, to facilitate financing for the small and medium enterprises, SMEs, in Dubai. The MoU will help eligible SME members secure financing at preferential interest rates, and discounted fees. The memorandum assists these SMEs in gaining ...

  The Hague / Emirates Business HE Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, and Dutch Minister of Economic Affairs Henk Kamp led the opening of a business forum on innovation and smart cities held at the FME Association’s headquarters in The Hague. The forum took place in time with the visit of the UAE economic delegation led ...

  WASHINGTON / AP President Donald Trump’s new immigration order will remove Iraq from the list of countries whose citizens face a temporary US travel ban, US officials say, citing the latest draft in circulation. Trump is expected to sign the executive order in the coming days. Four officials told The Associated Press that the decision followed pressure from the Pentagon ...