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Bloomberg WeWork Cos is in talks with banks about arranging a $2.75 billion credit line ahead of a planned initial public offering, according to people with knowledge of the matter. JPMorgan Chase & Co. is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined ...

Bloomberg President Donald Trump will continue to seek talks with North Korean leader Kim Jong-un as the US looks to defuse tensions following a failed summit in February, according to his administration’s top nuclear envoy. “The United States is convinced that through continued negotiations, we can continue to close the gaps that separate our two countries and make further progress ...

ABU DHABI / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, attended a majlis organised by the Ministry of Interior. The majlis, which took place at St. Joseph’s Cathedral in Abu Dhabi, discussed the UAE’s efforts to promote fraternity, coexistence and tolerance, and is part of a series of ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has conferred the Order of Independence, First Class, on Maya Tissafi, Ambassador of Switzerland to the UAE, in recognition of her efforts during her tenure, which contributed to enhancing and boosting friendly ties between the two countries. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign ...

Abu Dhabi / WAM Research conducted by the Department of Culture and Tourism – Abu Dhabi, at the Hili 2 archaeological site, part of the Unesco World Heritage Site of Al Ain, has revealed stunning new evidence on social life in the region 3,000 years ago. The results of the work have provided important insights into the daily lives of ...

GENEVA / WAM The World Trade Organisation (WTO), on Wednesday agreed to look into the complaint filed by the United Arab Emirates against the ban imposed by Qatar on Emirati products. The WTO has decided to constitute an arbitration committee to investigate the UAE’s complaint. The UAE has stressed that the Qatari ban on Emirati products is a flagrant violation ...

Bloomberg Masayoshi Son is making top executives at SoftBank Group Corp some of the highest-paid in Japan as he recruits talent to his growing investment empire. While Son’s own salary remains modest by global standards, his company paid a total of 9.1 billion yen ($83 million) in compensation to six lieutenants, according documents released for a shareholder meeting on June ...

Bloomberg Sun Pharmaceutical Industries Ltd’s fourth-quarter profit halved from a year ago as the fallout from a corporate governance scandal caused it to take a 10.85 billion-rupee charge ($155.7 million) and led to the brother-in-law of billionaire founder Dilip Shanghvi moving to a non-executive role. Shares rose by as much as 2 percent on Wednesday morning trading as investors cheered ...

Bloomberg Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry’s third mega-merger of the year. The transaction will create a powerhouse that provides payment technology and software to more than 3.5 million small to midsize merchants and more than 1,300 financial institutions worldwide, the two companies said in a ...

Bloomberg ArcelorMittal fell the most in two years after announcing that it’s cutting steel production across its European plants to cope with weak demand and rising imports. The world’s largest steelmaker will reduce primary production in Dunkirk, Fra-nce and Eisenhuettenstadt, Germany, according to a statement on Wednesday. It will also cut output in Bremen, Germany and extend a stoppage planned ...