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  Bloomberg Ride-hailing giant Didi Chuxing is near an agreement to raise at least $5 billion in a deal that would make it the most valuable startup in China, according to people familiar with the matter. The round may close as soon as this week and would lift Didi’s valuation to about $50 billion, up from a previous $34 billion …

  Bloomberg China’s run of solid economic indicators proved little consolation for its shaky financial markets in April. The dichotomy stems from a shift in the leadership’s focus towards reducing leverage — one that’s set to determine whether growth joins asset prices in heading down. Economists are practically unanimous in saying that reduced debt loads would be good for China’s …

  Bloomberg JD.com Inc., Alibaba’s fiercest rival in Chinese e-commerce, is in talks to make a major investment in Indonesia’s PT Tokopedia to speed its expansion into Southeast Asia’s largest economy, people familiar with the matter said. JD is in early-stage negotiations to invest hundreds of millions of dollars in one of Indonesia’s largest online marketplaces, one of the people …

  Bloomberg A directive requiring US pipeline companies to use American steel and iron in their projects is testing President Donald Trump’s ability to keep his promises to two industries on opposing sides of the issue. In comments to the US Department of Commerce, which is crafting the so-called “Buy American” plan, pipeline companies and their trade groups argued the …

  Bloomberg UK manufacturing unexpectedly grew at the fastest pace in three years in April as the domestic market strengthened and the pound’s depreciation boosted exports. A measure of factory conditions rose to 57.3 from 54.2 in March, according to IHS Markit’s Purchasing Managers’ Index. That’s far better than the 54 forecast by economists in a Bloomberg survey and above …

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, stressed that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, provides great support for culture, literature, science and knowledge, placing them among its priorities, while encouraging authors …

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Angela Merkel, Chancellor of the Federal Republic of Germany, discussed the promotion of bilateral ties between the two countries, as well as regional and international issues of mutual interest during the talks held …

  DUBAI / Emirates Business Dubai Business Women Council (DBWC), the UAE’s leading platform for the personal and professional development of women in the emirate and beyond, hosted a dynamic discussion on women in leadership, featuring WWE Chief Brand Officer and TV personality Stephanie McMahon alongside some of the UAE’s most influential business women. The event builds on 15 years …

  Bloomberg The US is considering a range of options, from expanded economic sanctions to military operations, as it reaches out to allies in confronting North Korea’s latest provocations, according to a senior Trump administration official. North Korea’s ballistic missile test early Saturday was in “open defiance” of the international community, and the risk to the U.S. will not be …

  Bloomberg Baidu Inc. will boost spending on content for its video streaming and news aggregation services as it tries to nurse its core internet search business back to health. The strategy is designed to attract new users as China’s biggest search provider enters a critical period after sales in 2016 grew at the slowest pace on record. The company …