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Bloomberg Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said it was “possible” the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for backers. The company’s pouring large, undisclosed sums of money into its Advanced Technologies Group, which includes the company’s self-driving car research as well as plans to build VTOL (vertical ...

Bloomberg Strong US demand and a tight job market have given companies a chance to raise prices coming into this year, and they’re testing the waters gingerly. From consumer goods and airlines to railroads, businesses made attempts to recover higher costs including rising pay for workers, or simply lifted prices to try to boost profit margins amid healthy sales, according ...

Dubai / WAM The Dubai Land Department (DLD), signed three Memorandums of Understanding (MoUs), during its participation as a strategic partner of the Egypt Mega Property Show, held in Cairo with the aim of promoting urban development between the two countries to encourage investment and real estate promotion as well as enhancing confidence by providing a distinctive and balanced investment ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Saturday visited the Italian cruise ship MSC Splendida at Port Rashid in Dubai. Upon his arrival, the captain of the MSC Splendida welcomed His Highness Sheikh Mohammed and briefed him on the various facilities the gigantic cruise ...

ABU DHABI / WAM The Abu Dhabi Food Control Authority (ADFCA), on Saturday, concluded its participation in the Sheikh Zayed Heritage Festival 2018. Launched in November, the festival was held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander ...

Dubai / WAM Canada confirmed its participation in Expo 2020 Dubai on Saturday, with the aim to explore trade opportunities and access new markets during the next World Expo platform. The G7 nation’s participation was sealed during two separate high-level meetings between Jim Carr, Canada’s Minister of International Trade Diversification, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and ...

Bloomberg President Donald Trump agreed to re-open the federal government for about three weeks without any guarantee Congress would provide money for his proposed border wall, his top campaign promise, capitulating to House Speaker Nancy Pelosi. Trump agreed to a deal hastily negotiated by lawmakers after the 35-day shutdown, the longest in modern US history, began to seriously impact air ...

Bloomberg China will join a group including the US and the European Union in negotiating new rules to cover the $25 trillion e-commerce market. The EU and 47 other members of the World Trade Organization (WTO) launched the discussions, according to a statement. If successful, a digital trade accord hashed out through the Geneva-based trade body would establish a baseline ...

Bloomberg As China goes, so goes Starbucks. The chain, which helped introduce Americans to European coffee culture, is under pressure from Wall Street to do the same in China. It’s opening stores at a rate of nearly 600 a year, but an economic slowdown there, exacerbated by the trade war with the US, have curbed its previously breakneck sales growth. ...

Bloomberg The prospect of a delayed Brexit may be pushing up the pound, but it’s not the best news for the UK economy. Sterling has rallied above $1.30 this week amid increasing signs of support from lawmakers across Parliament for extending the negotiating period set to expire on March 29. While that would remove the imminent possibility of a chaotic ...