Bloomberg Trax, a Singapore-based startup serving the retail industry, raised $125 million in a funding round led by Boyu Capital as it advances plans for an initial public offering. The IPO could take place in the next 18 to 24 months and the company is already in talks with both the Nasdaq and New York Stock Exchange, CEO Joel Bar-El …

PUNTLAND / WAM Teams from the Khalifa bin Zayed Al Nahyan Foundation have begun the distribution of emergency relief assistance to Somali families in villages in Puntland State, northeastern Somalia, as part of phase two of a campaign launched to assist those ravaged by drought in the region. 900 tonnes of food aid is being delivered to help recipients endure …

Bloomberg BMW AG and Hyundai Motor Co urged the US not to impose tariffs on auto imports, joining General Motors Co in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.” “It seems that the threat to impose these sanctions is designed to achieve certain goals,” …