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Indonesia’s Bukalapak nears closing new fundraising round of $50 million

Bloomberg PT Bukalapak.com, an Indonesian e-commerce marketplace, is preparing to complete a new round of fundraising that includes $50 million from Mirae Asset-Naver Growth Fund, according to people familiar with the matter. The investment may be announced as soon as this week, said the people, asking not to be identified because the details aren’t yet public. They declined to comment ...

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UK luxury carmakers brace for worst as Brexit looms

Bloomberg Aston Martin and Bentley Motors saw this crash coming — but it’s still going to sting. Speaking onstage at a conference in Detroit before and after the British Parliament rejected Prime Minister Theresa May’s Brexit deal, the chief executive officers of two companies synonymous with UK carmaking had been bracing for disaster. Both have been making arrangements to do ...

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Trump pushes limits on unpaid workers

Bloomberg The Trump administration has ordered thousands of furloughed federal employees back to work without pay to inspect planes, issue tax refunds, monitor food safety and facilitate the sale of offshore oil drilling rights. The efforts in recent days illustrate how President Donald Trump is trying to limit the impact of the partial government shutdown and shield favoured industries as ...

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