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Bloomberg Carlos Ghosn’s arrest is triggering a reckoning at the Japanese carmaker he once saved from near bankruptcy, with Nissan Motor Co reviewing its global operations and relationships with key dealers as part of an expanding investigation into the auto titan’s alleged misdeeds, people familiar with the matter said. Hundreds of people — including regional and legal compliance teams as ...

Bloomberg General Oyster Inc, Japan’s largest oyster restaurant operator, has been approached by several Chinese companies interested in buying a stake or perhaps acquiring the business, according to people familiar with the matter. Three Chinese firms, including a large internet company, have expressed interest in separate deals with General Oyster, said the people, asking not to be identified because the ...

Bloomberg Thailand will hold a general election on March 24 for the first time since a coup in May 2014. The date was set by the Election Commission in Bangkok on Wednesday, a few hours after a royal decree was issued authorising the poll. Voting will take place under a military-backed charter, ending one of the longest periods of rule ...

Bloomberg President Donald Trump’s trade war has sparked a surge in lobbying in the fight over his tariffs. American companies and business groups mostly opposing Trump’s tariffs closed out an active year of lobbying on trade issues in 2018. They expect a busy 2019 as the trade conflict continues and action is pending in Congress on a renegotiated deal with ...

Bloomberg Google and Facebook Inc set company records for annual lobbying spending in 2018 as Washington’s scrutiny of Big Tech intensified. Alphabet Inc’s Google unit spent more than $21 million to influence Washington, according to federal disclosures, in a year when its chief executive officer, Sundar Pichai, made his first appearance before Congress. The search giant, which spent $4.9 million ...

Bloomberg PG&E Corp expects its looming bankruptcy to take about two years to resolve and has arranged $5.5 billion to fund its operations during the process. Its shares and bonds both gained. Four banks agreed to provide debtor-in-possession fun-ding including a $3.5 billion revolving credit facility, the embattled California utility said in a filing. “It’s a pretty substantial amount of ...

Abu Dhabi / WAM Senior industry figures from China and the UAE celebrated the groundbreaking of the Roadbot Tyre Project Kizad (Roadbot) on Tuesday, marking the development of the first tyre manufacturing plant in the UAE and the growth of downstream industry in Kizad, Abu Dhabi’s industrial hub and part of Abu Dhabi Ports. Developed by Chinese tyre manufacturer Roadbot ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has inaugurated an integrated weapon suite developed by the Advanced Military Maintenance Repair & Overhaul Center (AMMROC), to weaponise and enable Black Hawk helicopters to perform a variety of attack missions. Abu Dhabi Crown ...

SHARJAH / WAM In a bid to explore new areas of collaboration in education and socioeconomic fields, and boost bilateral investment prospects between Sharjah and Finland, the Sharjah Department of Government Relations (DGR), hosted a high-level delegation from the city of Oulu, Finland, who conducted a series of visits to key government organisations, departments and entities across the emirate. The ...

Sofia / WAM Prospects of enhancing cooperation in all political, economic, security and investment sectors between the UAE and Bulgaria were reviewed at a meeting between the Prime Minister of Bulgaria Boyko Borissov and the UAE Ambassador to Bulgaria Abdulwahab Nasser Al Najjar. At the meeting, which was held at the Prime Minister’s office, Borissov affirmed his country’s participation in ...