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Bloomberg Alphabet Inc.’s Google has joined a funding round for a Chinese games-streaming service, making its second direct investment there since largely withdrawing from the country in 2010. The Mountain View, California company is joining a Series D investment round for Chushou, whose name translates into “Tentacle,” a Chinese mobile-centric game live-streaming platform with 90 million registered users. Existing backers ...

Bloomberg India forecast its economy will expand at the slowest pace since Prime Minister Narendra Modi came to power in 2014, piling pressure on his government to jump start activity before a national vote early next year. Gross domestic product will grow 6.5 percent in the year through March, the Statistics Ministry said, compared with the Bloomberg consensus of 6.6 ...

Bloomberg Officials from the US and South Korea said further talks were needed to revise their free-trade pact, a negotiation straining ties between the allies as they grapple with Kim Jong Un’s growing nuclear-weapons threat. The US presented proposals to improve auto exports and lift trade barriers during a meeting with South Korea counterparts in Washington, Trade Representative Robert Lighthizer ...

Bloomberg HNA Group Co. has approached brokers about the possible sale of two office buildings in London’s Canary Wharf financial district as it seeks to shed assets and cut its debt burden, two people with knowledge of the discussions said. The Chinese conglomerate has sought advice from brokers on the value of 30 South Colonnade and 17 Columbus Courtyard with ...

Bloomberg Investors are finally getting a crack at the resurgent music business. Spotify, owner of the world’s largest paid music service, plans to begin trading on the New York Stock Exchange this quarter, passing up a traditional public offering for what’s called a direct listing. The debut will test whether investors are ready to buy into the music industry, which ...

Abu Dhabi / WAM A permanent tribute to the nation’s founding father, Sheikh Zayed bin Sultan Al Nahyan, has been named, ‘The Founder’s Memorial’ by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Set to be inaugurated in early 2018 to coincide with the Year of Zayed and ...

Sharjah / WAM After eight months of launching its data and information sharing platform, ‘Tabadol’ (exchange) to enhance communication and statistical gathering systems in the emirate, the Sharjah Department of Statistics and Community Development (DSCD), announced the successful completion of the project’s preparatory phase. The initiative was rolled out in collaboration with six local government departments to design an intelligent ...

DUBAI / Emirates Business Emirates is extending its popular My Emirates Pass programme to customers visiting Dubai this winter season. The programme gives Emirates customers exclusive offers and discounts across the city by turning the Emirates boarding pass into an exclusive membership card. Those flying to or through Dubai between January 1 and March 31 can take advantage of a ...

Abu Dhabi / Emirates Business Etihad Aviation Group (EAG) has announced a year-long programme of activities and humanitarian initiatives to mark 2018 as the Year of Zayed. Etihad’s headquarters in Abu Dhabi inaugurated its Year of Zayed activities by holding a flag-raising ceremony attended by employees. The aviation group’s offices and buildings around the world are now adorned with Sheikh ...

Bloomberg Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International Inc. after failing to win approval for the deal from a key government panel. China’s largest online wealth management ...