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  ATLANTA / AP Congressional Republicans’ drive to repeal the 2010 health care law has financial and political repercussions for GOP leaders in the states and gives Democrats potential openings as they struggle to reclaim power lost during President Barack Obama’s tenure. Some Republican governors, in particular, are wary about what their Washington colleagues might do with Obama’s signature law, ...

  Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality, has revealed that the municipality has allocated AED7 billion in this year’s budget for executing infrastructure development and new large-sized high-priority projects and services in the field of health and environment. “The lion’s share of the volume of expenditure in the budget will be received by the storm water tunnel ...

  DUBAI / WAM Dubai Chamber of Commerce and Industry (DCCI) saw its network of members grow by 9 percent or 16,800 companies in 2016, bringing the organisation’s total membership to 201,000 by the end of the year. The rise in number strengthens its position as one of the largest membership-based chambers of commerce in the world. The total value ...

  Dubai / Emirates Business The Sustainable City – the first Net Zero Energy city in Dubai and Middle East’s first operational sustainable community – readies itself for the 10th edition of the World Future Energy Summit 2017 (WFES) for the second consecutive year. The summit will be held in at the ADNEC in Abu Dhabi from January, 16-19. The ...

  Bloomberg Prime Minister Narendra Modi’s administration will probably have to prepare India’s $300 billion budget in the dark. With less than a month to go before the annual presentation, his Statistics Office has refused to estimate the impact of Modi’s unprecedented cash clampdown on gross domestic product. All it said on Friday was that growth will slow to a ...

    Bloomberg Volvo Car Group, owned by a Chinese billionaire since 2010, plans to export half of a new South Carolina factory’s output to Asia and Europe. The company plans to build 60,000 S60 sedans in Charleston initially then expand to 100,000, Hakan Samuelsson, Volvo Cars’ chief executive officer, said at a dinner at the North American International Auto ...

  Bloomberg US President-elect Donald Trump’s promise to shrink a trade deficit with China through punishing tariffs wouldn’t just hurt the world’s second-biggest economy — it would also damage the rest of Asia too. That’s the increasing view of economists who say the risk of significant Trump-triggered trade tensions could slow growth in the world’s best performing region, which accounts ...

  Bloomberg Samsung executives have been summoned by South Korean special prosecutors amid a widening influence-peddling scandal that brought about South Korean President Park Geun-hye’s impeachment. Samsung Corporate Strategy Office Vice Chairman Choi Gee-sung and President Chang Choong-ki were asked to come in for questioning, Hong Jung-seok, a spokesperson for the special prosecutors office, told Bloomberg News via text message ...

  Bloomberg Fiat Chrysler Automobiles NV will invest $1 billion toward making three new Jeep models in the US, plus a Ram heavy-duty pickup now built in Mexico, as President-elect Donald Trump pressures the auto industry to hire workers and produce vehicles above the border. The outlays planned by 2020 include retooling factories in Michigan and Ohio and adding 2,000 ...

  Bloomberg Volkswagen AG laid out a new design for a revived, battery-powered version of its iconic hippie-era Microbus as the carmaker seeks ways to move beyond its 16-month-old diesel emissions-cheating scandal and will overhaul its US lineup in a renewed comeback push. The latest iteration of the van, a concept dubbed the I.D. Buzz, is part of the VW ...