Bloomberg On the outskirts of a small town less than 50 miles southeast of Phoenix, a 720,000 square foot electric vehicle factory is arising in the desert. If all goes as planned, a luxurious new battery-electric sedan will roll off its production line by year’s end. Lucid Motors, a US startup, is building the factory and slated to start manufacturing ...

Bloomberg Facebook Inc. plans to hire more remote workers in areas where the company doesn’t have an office, and let some current employees work from home permanently if they’d like to. Chief Executive Officer Mark Zuckerberg said the firm plans to “aggressively open up remote hiring” starting immediately with the US, particularly for engineering talent. Based on internal employee surveys, ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) said that the bonuses distributed to Emirati owners of Dubai taxi plates over the past 10 years under the orders of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai have exceeded AED1.5 billion. Mattar Mohammed Al Tayer, Director General ...