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India top court to examine contentious citizenship law

Bloomberg India’s controversial religion-based citizenship act will have to pass the scrutiny of the nation’s top court, even as Prime Minister Narendra Modi’s government pledged to push ahead and implement the law. A three-judge bench headed by Chief Justice of India S.A. Bobde issued a notice to the government seeking its response. The court agreed to examine the legality of ...

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Fiat Chrysler and Peugeot to merge into $46b automaker

Bloomberg PSA Group and Fiat Chrysler Automobiles NV agreed to combine in a deal that will create the world’s fourth biggest auto manufacturer. The French and Italo-American carmakers signed a binding accord for a 50-50 merger of their businesses, they said on Wednesday. The combined company will be led by PSA Chief Executive Officer Carlos Tavares, with Fiat Chairman John ...

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Tesla considers cutting price of China-built cars

Bloomberg Tesla Inc is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans said, betting the move will lure buyers as the world’s biggest electric-vehicle market slows. Tesla aims to bring down costs by using more local components, allowing it to import fewer parts and avoid tariffs, the ...

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Google staffer fired for labour advocacy

Bloomberg Another Google employee added her name to a list of workers who say they were fired for legally advocating for labour rights inside the company. Kathryn Spiers, 21, said she was fired December 13 after she developed a notification that told colleagues they had the right to participate in labour organising when they visited the website of IRI Consultants, ...

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No eye scan for frequent flyers to Dubai soon, says GDRFA

Dubai / WAM Frequent foreign visitors to Dubai will “soon” be able to avoid waiting in a queue for eye scan at airport, which is a mandatory security check procedure. An automatic registration system enabled by advanced cameras will carry out the eye scan of all passengers, easing the passenger flow and saving their time, senior officials told the Emirates ...

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ADFD approves $5mn for social services project in Liberia

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), has earmarked a government grant worth $5 million (AED18.3 million) for a vital project that aims to enhance social services for the Liberian population. Located in the capital Monrovia, the grant will support the development of modern integrated sports and leisure infrastructure. The scope of the project includes the ...

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FTA: 2.83m applications under tax refunds for tourists scheme

ABU DHABI / WAM The electronic system for the Tax Refunds for Tourists Scheme exceeded all expectations in its first year, asserted Khalid Ali Al Bustani, Director-General of the Federal Tax Authority (FTA), revealing that the scheme has processed a total of 2.83 million applications since its launch in November 2018. The average daily number of applications the scheme processes ...

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Work on AED118m Jebel Hafeet School in Al Ain 58% complete

ABU DHABI / WAM The Abu Dhabi General Services Company (Musanada), revealed that work on the Jebel Hafeet School project in Al Ain city is progressing according to the agreed construction plan at a total cost of approximately AED117.3 million, with the actual completion percentage currently at around 58 percent. Musanada stated that it is building the school on a ...

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India unrest to continue after Modi stokes religious tension

Bloomberg Escalating protests against India’s new citizenship law have raised concerns that Prime Minister Narendra Modi has gone too far in appealing to his Hindu nationalist base, increasing the risk of communal bloodshed and threatening to undermine his plans to attract investment. Police stormed university campuses across India to quell week-long protests by students against a law that bars undocumented ...

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China to grant regular tariff waivers for US farm imports

Bloomberg China will provide retaliatory tariff waivers to buyers of US farm products on a more regular basis after the countries reached a phase one trade deal, according to people familiar with the situation. Waivers had previously been given in tranches but they’ll now be handed out more frequently, said the people, who asked not to be identified as the ...

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