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Bloomberg The year-old Democratic majority in the US House faces its toughest test now that the chamber has locked in a vote on impeaching President Donald Trump next week. It’s a step that many moderates in the party had hoped to avoid. The Democrats who flipped Republican seats in 2018 to give Speaker Nancy Pelosi her gavel have helped pass ...

Bloomberg US lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill. The talks are focussed on reinstating the so-called tax extenders, a move that could be a boon to the biofuel and short-line railroad industries that were hoping to see renewal of valuable ...

Bloomberg Mercedes-Benz is putting off the US debut of its first electric vehicle by a year in the latest sign of just how difficult a time automakers are having replicating Tesla Inc’s success. Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year. The German carmaker said in an emailed statement that ...

Bloomberg Each morning, workers at Google get an internal newsletter called the “Daily Insider.” Kent Walker, Google’s top lawyer, set off a firestorm when he argued in the November 14 edition that the 21-year old company had outgrown its policy of allowing workers to access nearly any internal document. “When we were smaller, we all worked as one team, on ...

Bloomberg China’s ambassador threatened Germany with retaliation if it excludes Huawei Technologies Co as a supplier of 5G wireless equipment, citing the millions of vehicles German carmakers sell in China. Resistance against Huawei is growing among lawmakers in Chancellor Angela Merkel’s governing coalition, who have challenged her China policy with a bill that would impose a broad ban on “untrustworthy” ...

Bloomberg Japan Post Holdings Co is set to release a final report on missold insurance as early as December 18, and the findings will show more cases than an interim probe uncovered, the Yomiuri Shimbun reported. After speaking to more than 120,000 clients, a special investigation committee composed of external lawyers found 9,000 incidents of insurance sales at post offices ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, announced 2020 to be the year of preparations for the next 50 years. Declared ...

Abu Dhabi / WAM The Integrated Transport Centre (ICT), and Abu Dhabi General Services Company, Musanada, announced that work is progressing according to the agreed construction plan and in line with the set delivery schedule in the Sheikh Zayed bin Sultan Road extension project at Umm Lafina and Al Reem Islands at a total cost of approximately AED1.131 billion. Envisaged to ...

Bloomberg The US and China agreed to the first phase of a broader trade agreement that will see the US reduce tariffs, and at least temporarily calm fears of an escalating trade war between the world’s two largest economies. The deal announced hinges on China increasing purchases of American farm goods such as soybeans, and making new commitments on intellectual ...

Bloomberg A new law on Indian citizenship is threatening to pull Prime Minister Narendra Modi’s focus away from a flagging economy as protests and criticism builds against the divisive plan. The government was forced to call in the army to quell protests in some parts of the country after the parliament passed legislation that will prevent undocumented Muslim migrants from ...