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Bloomberg SoftBank Group Corp’s $1 billion bet on Wirecard AG is a boon for the battered German digital-finance firm and secures a major European partner for the Japanese tech conglomerate that’s bulking up in mobile payments. For SoftBank, the agreement furthers its transformation from a telecommunications operator into a technology investor under founder Masayoshi Son. For Wirecard, the investment means ...

Bloomberg Britain is set to toughen the rules under which Huawei Technologies Co operates in the country while stopping short of an outright ban on the Chinese telecom equipment maker, according to people familiar with the matter. The measures, designed to address concerns that Chinese intelligence could use Huawei’s systems to spy on other countries, are expected to involve closer ...

Bloomberg President Donald Trump is seriously considering waiving the requirement that only US flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office meeting, following requests from Puerto Rico and pressure from oil industry leaders to ease the ...

Bloomberg Swiss drugmaker Novartis AG is plotting a faster course after spinning off its Alcon eye-care business. Earnings excluding some items are expected to increase by a high single-digit percentage, the Basel, Switzerland-based company said on Wednesday, raising its guidance. Adjusted earnings per share beat analysts’ estimates in the first quarter. The stock rose as much as 2.8 percent in ...

Bloomberg Bayer AG is facing mounting opposition ahead of what’s shaping up to be its most contentious annual meeting in years, with influential shareholders faulting management for failing to foresee the risks of the company’s biggest deal ever. A growing number of shareholders have said they won’t support executives and supervisory board members in a no-confidence vote at Friday’s annual ...

Bloomberg Kim Jong-un is grappling for a way out of his stalemate in nuclear talks with Donald Trump as he meets Russian President Vladimir Putin for the first time on Thursday, seeking diplomatic support. The North Korean leader is expected to highlight his Kremlin counterpart’s backing for easing international sanctions on his tiny and battered economy when they meet on ...

Abu Dhabi / 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, said the UAE leadership is empowering the nation’s youth as part of its efforts ...

DUBAI / WAM The UAE Space Agency and Mohammed bin Rashid Space Centre (MBRSC), announced that 85 percent of the Hope Probe project has been completed. In a joint statement, the two organisations confirmed that most of the main parts of the project have been completed and are currently undergoing intensive testing to ensure every aspect of the Probe is ...

Abu Dhabi / WAM The first-ever shipment of UAE-produced calcined coke has begun its maiden voyage to mainland China. Some 10,500 tons of calcined coke were loaded by Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company, (Adnoc), onto the M/V Lucky Ocho, a vessel chartered by Adnoc Logistics and Services, to be delivered in Yantai, China by ...

Dubai / WAM The upcoming 19th edition of the world’s largest annual airport exhibition in Dubai, entitled Airport Show, will see a record participation of 211 buyers, reconfirming the exhibition’s strong position as an ultimate B2B event and reflecting the significant business opportunities available in the Middle East region. Held from April 29 to May 1 at the Dubai International ...