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Gulf stocks muted, Saudi bourse closes up despite missile attacks

Reuters Middle Eastern stocks were mixed on Monday with investors in Saudi Arabia largely ignoring an apparent escalation in the country’s three-year war with Yemen, after the conflict caused its first civilian death within Riyadh. The kingdom’s air defences shot down seven ballistic missiles fired by Yemen’s Houthi forces late on March 25, and debris killed an Egyptian resident of ...

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TPG nears deal for $1.2 billion Indian hospital chain Fortis

Bloomberg A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said. The investor group, which also includes Manipal Health Enterprises Pvt, could announce a deal as soon as the next few days, according to the people, who asked not ...

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Google’s Pichai sings China’s praises in AI, pledges bigger team

Bloomberg Sundar Pichai, chief executive officer of Google, expects China to play a crucial role in artificial intelligence as he keeps expanding the search giant’s workforce in the country, even as many of its services are blocked. “China is already playing a big part in how AI will shape our futures,” Pichai said at the annual China Development Forum in ...

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