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Bloomberg Masayoshi Son will soon have some evidence to back his faith in ride-hailing: His stake in Uber Technologies Inc may be worth at least double the $7.7 billion he paid for it little more than a year ago. SoftBank Group Corp’s Vision Fund owns 16.3 percent of the world’s biggest ride-hailing company, according to Uber’s filing with the US ...

Bloomberg China’s exports rebounded after the Lunar New Year holiday amid a pickup in trade talks optimism, while a continued slide in imports underscored the fragility of the domestic economy. Exports jumped 14.2 percent in March from a year earlier while imports fell 7.6 percent in dollar terms, the customs administration said. That left a trade surplus of $32.65 billion, ...

Bloomberg Chevron Corp. agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that adds US shale oil and African liquefied natural gas and puts it in the top ranks of the world’s largest energy companies. The takeover puts Chevron neck-and-neck with the oil and gas production of Exxon Mobil Corp. and Royal Dutch Shell Plc, both of which ...

Bloomberg President Donald Trump said the US will cut regulations and free up spectrum for 5G technology amid tight competition with China and other nations to develop the next genera-tion of telecommunications infrastructure. “The race to 5G is a race that America must win,” Trump said at the White House. “We cannot allow any other country to out-compete the United ...

Bloomberg Talks between General Motors Co. and electric-vehicle startup Rivian Automotive Inc. about the largest US carmaker buying an equity stake have reached an impasse and may be dead, people familiar with the matter said. GM had negotiated potentially taking a stake in Rivian and forging a partnership that may have helped the Plymouth, Michigan-based startup bring fully electric trucks ...

Bloomberg North Korean leader Kim Jong-un said he’s willing to hold a third summit with President Donald Trump as long as the US offers acceptable terms for an agreement by the end of the year. In remarks carried by the official Korean Central News Agency (KCNA), Kim said he wouldn’t welcome a repeat of the Hanoi summit in February, when ...

ABU DHABI / WAM The CEO of NATIXIS, a global Asset Management Company with $1,008 billion in assets under its management, described the UAE as an “attractive” investment haven. “The UAE for us is an attractive place, no doubt. It is classified as an emerging market. You have stability and you have a long term view of economic development,” Jean ...

ABU DHABI / WAM National Geographic on Wednesday announced a four-year partnership with the Mohammed bin Rashid Space Centre (MBRSC), to document the UAE’s journey into space. In a four-part documentary series, National Geographic (NatGeo) will present to the world the UAE’s rise into space, its achievements and ambitions. The series is set to capture the essence of why and ...

PANAMA CITY / WAM Trade flows between GCC countries and Latin America and the Caribbean (LAC), reached $16.3 billion in 2018, while the UAE remained a top trading partner in the Gulf region for LAC countries, according to a new report conducted by the Inter-American Development Bank (IDB), in cooperation with the Dubai Chamber of Commerce and Industry. The report, entitled ...

Abu Dhabi / WAM The UAE capital will host the second edition of the Festival of the Organisation of Islamic Cooperation (OIC), at the Abu Dhabi National Exhibition Centre (Adnec) from April 24-27. The festival, which is held under the theme, ‘One Nation Unified by Benevolent Cooperation, Justice and Tolerance’, aims to emphasise the message and teachings of Islam in bringing ...