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Bloomberg One of the biggest legal battles in the technology industry may be entering its final stages. Qualcomm Inc. Chief Executive Officer Steve Mollenkopf said a bitter standoff between the chip maker and Apple Inc. is entering a period when both sides have an increasing incentive to settle. In coming months, the companies will be forced to make their case ...

Bloomberg Germany’s beleaguered car industry faces another regulatory tangle, as the European Union opened a probe into Volkswagen AG, Daimler AG and BMW AG over suspected collusion that could have delayed clean-emissions technology for cars. The investigation, which could lead to heavy fines, focusses on technical talks to develop selective catalytic reduction systems to reduce nitrogen-oxides emissions from diesel cars ...

Bloomberg President Donald Trump’s decision to impose tariffs on an additional $200 billion of imports from China drags the biggest part of the US economy into the thick of the trade war, threatening to deliver a more direct hit to growth. The 10 percent tariffs announced on Monday — which take effect from September 24 and will rise to 25 ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has decided to share, with the world, its efforts to shape the future and foresee its developments and challenges, by finding practical solutions that will improve the quality of peoples’ lives and match the level of social expectations. ...

Abu Dhabi / Emirates Business The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), as part of the Cruise Arabia delegation, is to attend SeaTrade Cruise Med, a high-level event which will take place from September 19-20 in Lisbon, Portugal. Abu Dhabi’s participation in this international event is just one in a series of initiatives aimed at ...

Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, on Monday announced an initiative to launch a FinTech digital sandbox. The digital sandbox allows financial institutions (FIs) and FinTech innovators to come together to experiment on products and solutions in a digital platform environment, supported by regulatory standards developed by the Financial ...

DUBAI / WAM The Dubai Land Department (DLD), and the Dubai Creative Clusters Authority (DCCA), signed two Memoranda of Understanding (MoUs), in line with the interests of the two parties to structure and develop their relationship. The first MoU covers the integration of electronic systems and the exchange of both information and technical expertise, while the second revolves around the ...

Bloomberg Saudi Arabia brokered a new peace agreement between Ethiopia and Eritrea aimed at stabilising the Horn of Africa region, Foreign Minister Adel Al-Jubeir said. Ethiopian Prime Minister Abiy Ahmed and Eritrean President Isaias Afwerki signed the so-called Jeddah Peace Accord on Sunday in the presence of King Salman bin Abdulaziz and United Nations Secretary-General Antonio Guterres. It’s the second ...

Bloomberg KKR & Co. agreed to sell Singapore hard-drive component maker MMI Holdings Ltd. for about $645 million including debt, people with knowledge of the matter said, exiting the oldest Asian investment listed in its portfolio. KKR signed a deal to sell MMI, which it has owned for 11 years, to a Chinese buyout group led by an affiliate of ...

Bloomberg The cleanup from Typhoon Mangkhut began in Hong Kong and southern China on Monday after the storm left at least four dead in Guangdong province, damaged buildings and disrupted flights throughout the region. Mangkhut, the world’s most powerful storm this year, was blamed for more than 200 million yuan ($29.1 million) of damage in the southern province of Guangdong, ...