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Equity Residential seeks buyers for two NYC buildings

Bloomberg Publicly traded landlord Equity Residential is marketing two Manhattan apartment buildings, and just completed the sale of a third, as it seeks to reduce its holdings in a rental market that’s softening. The Chicago-based real estate investment trust is looking to sell 800 Sixth Ave., a high-rise tower in Chelsea, and 505 W. 54th St. in Hell’s Kitchen, according ...

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Masdar to build solar plant with battery storage in Seychelles

ABU DHABI / WAM­­­­­ Masdar, Abu Dhabi Future Energy Company, will help the Public Utilities Corporation (PUC), in building a five-megawatt solar photovoltaic power plant with battery storage in Seychelles. The project is being financed by a AED31 million loan from Abu Dhabi Fund for Development (ADFD), as well as funds from PUC’s own equity. The project’s Engineering, Procurement And ...

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Sharjah is supporting qualified UAE nationals in all areas: Sultan Al Qasimi

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, stated that Sharjah is supporting qualified UAE nationals in all areas, to find suitable solutions to the challenges facing the development of its cities and regions. He also noted the developments taking place in many projects and services requires everyone’s combined ...

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Adnic renews support for Al Bayt Mitwahid

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), signed an agreement with Al Bayt Mitwahid Association to extend their partnership till 2021, as part of its support for the ‘Year of Zayed’ and in support of the Association’s wide range of community welfare initiatives. The agreement was signed by Saif Ali Al Qubaisi, Chairman of Al Bayt Mitwahid ...

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Business initiatives of Sheikh Rashid Al Mu’alla launched

UMM AL QAIWAIN / WAM Sheikh Ahmed bin Saud bin Rashid Al Mu’alla, Deputy Chairman of the Umm Al Qaiwain Executive Council, launched the business initiatives of His Highness Sheikh Rashid bin Saud Al Mu’alla, including the launch of a smart portal for insurance services, the “Re’aya Smart Portal,” which is supported by the Executive Council, to serve the business ...

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EU’s Juncker blasts unchecked nationalism as poison, deceit

Bloomberg Angela Merkel and Jean-Claude Juncker warned of the threat posed by rising nationalism across the European Union, painting next year’s continent-wide elections as a clash of fundamental values that will determine the bloc’s future direction. In tandem speeches in Berlin and Strasbourg on Wednesday morning, Germany’s chancellor and the European Commission president struck a common tone of alarm at ...

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China’s NIO tests investor appetite for electric cars

Bloomberg The global excitement about electric cars faces a test in New York on Wednesday. China’s NIO Inc., which seeks to take on the likes of Tesla Inc., starts trading on the New York stock exchange after raising about $1 billion selling American depositary shares at $6.26 apiece. The electric-car maker, backed by Tencent Holdings Ltd., priced the stock near ...

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Free holidays, rail passes as Hong Kong developers push sales

Bloomberg Developers in Hong Kong are offering perks such as free rail tickets and early move-in dates in a further sign one of the world’s hottest property markets may finally be cooling. In a bid to shift apartments, CK Asset Holdings Ltd. is giving away high-speed rail holiday and travel packages, including accommodation, worth $35,700 for people who agree to ...

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Trump tariffs spark industry campaign to defuse trade war

Bloomberg Trade associations representing farmers, retailers and manufacturers are joining forces in a new multi-million-dollar campaign to oppose President Donald Trump’s tariffs, in the latest attempt by US business to stop an escalating trade war. Groups lobbying for months to persuade the president that tariffs are the wrong approach have been largely ignored, as Trump slapped duties on billions of ...

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Google, Facebook dealt blow in copyright fight

Bloomberg Tech platforms and internet activists protested the outcome of a European Parliament vote on Wednesday to back copyright rules that would help video, music and other rights holders seek compensation for use of their content online. Alphabet Inc.’s Google, Facebook Inc. and other tech firms may now be forced to negotiate licenses for content that appears on their sites ...

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