Bloomberg The European Union is prepared to hit 20 billion euros ($22.7 billion) of US goods with tariffs should President Donald Trump follow through on a threat to impose duties on EU cars and auto parts, said a senior trade official for the bloc. The assertion by Jean-Luc Demarty, director general for trade in the European Commission, the EU’s executive …

DUBAI / WAM DP World on Wednesday announced that it has acquired an additional stake in DP World Australia (DPWA) from Gateway Infrastructure Investments and other financial investors, valuing DP World Australia at an enterprise val-ue of approximately AU$1.4 billion ($997 million). The acquisition is subject to regulatory approval and is expected to close in Q1 2019. Following the closure …

Bloomberg Kingdom Holding Co, one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc, according to the head of Prince Alwaleed Bin Talal’s investment firm. “We don’t interfere nor are we party to the discussions, and if it ever happens I think we are supportive of it yes,” Chief …