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Bloomberg CVS Health Corp. will buy Aetna Inc. for about $67.5 billion, creating a health-care giant that will have a hand in everything from insurance to the corner drugstore. CVS will pay $207 a share for Aetna, with $145 a share in cash and the rest in stock, the companies said in a statement. That’s a 29 percent premium to ...

Bloomberg London and Brussels failed to clinch a long-sought breakthrough on Brexit after a series of dramatic twists that saw a tentative deal derailed by the delicate question of the Irish border. “It was not possible to reach a complete agreement today,” European Commission President Jean-Claude Juncker told reporters. Talks will resume this week and he’s confident there will be ...

Bloomberg General Motors Co. plans to have its self-driving cars ready for a ride-share service within two years as the automaker looks beyond traditional car ownership for new tech-driven sources of revenue. After spending more than a year putting the pieces in place to launch a robotaxi business, GM said it expects to have a fleet of self-driving cars in ...

Bloomberg Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks suggesting ...

Bloomberg Salil Parekh overcame long odds to become Infosys Ltd.’s choice for its next chief executive officer. He now faces at least as challenging a task in getting the iconic Indian outsourcing company back on track. The low-key, 53-year-old from Capgemini SE was named to the helm of Infosys, beating out a field of internal candidates and former executives who ...

Reuters Yemen’s steely former president of 33 years, Ali Abdullah Saleh, made his last political gamble and lost on Monday, meeting his death at the hands of the Houthi movement, his erstwhile allies in the country’s multi-sided civil war. Officials in his General People’s Congress party (GPC) confirmed to Reuters that the 75-year-old Saleh had been killed outside the capital ...

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, has attended the March of Union on Sunday as part of the Sheikh Zayed Heritage Festival 2017 in Al Wathba, Abu Dhabi, on the occasion of the 46th National Day. The march organised by ...

Dubai / Emirates Business Dubai Land Department (DLD) has announced that in line with a regulatory decision issued by His Excellency Sultan Butti bin Mejren, Director General of DLD, it has closed its Records Department to make the transition to a fully smart archiving system. To achieve the transformation, DLD has collaborated with a company specialised in photovoltaic archiving. The ...

DUBAI / Emirates Business Emirates’ new Boeing 777-300ER aircraft fitted with its game changing fully enclosed private suites in First Class, as well as refreshed Business and Economy Class cabins, has now entered service, to the delight of customers. The new Emirates cabins were unveiled for the first time at the Dubai Airshow last month, to positive acclaim from visitors ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (ADDED), organised a two-day training workshop at its headquarters, in cooperation with the Ministry of Economy, entitled, ‘Policies of Encouraging Investments and Export. The workshop provided participants with an analysis of the government’s strategies to promote exports and attract investments, by providing practical analytical tools to study and encourage ...