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Bloomberg China’s restaurant review and delivery giant Meituan Dianping plans to file for an initial public offering of about $6 billion in Hong Kong as soon as this month, according to people familiar with the matter, the city’s second multibillion-dollar public listing by a tech startup this year. The company is considering selling about 10 percent of the company, the ...

Bloomberg Chinese serial entrepreneur Lei Jun has been compared with Steve Jobs. Now, analysts are saying the smartphone giant he built could be twice as expensive as Apple Inc. Xiaomi Corp. deserves to trade at a premium to global phone brands due to its market-share gains and faster growth trajectory, according to research from Morgan Stanley, one of banks leading ...

Bloomberg Almost three decades ago, BlackRock Inc. created software to obsessively monitor the then-fledgling firm’s financial risks. Now, after turning it into an essential tool on Wall Street, the firm is zeroing in another kind of client: financial advisers. The world’s largest asset manager is marketing its risk analytics software, known as Aladdin, to the army of wealth managers who ...

Bloomberg Facebook Inc. is facing more blowback for its decision to categorise the promotion of news articles as political content, with global publishers now urging Chief Executive Officer Mark Zuckerberg to change its policy. Seven trade groups representing media publishers and broadcast organis­ations in more than 120 countries including the New York Times, BBC.com and 21st Century Fox, sent a ...

Bloomberg With a government order to recall 774,000 vehicles in Europe, Daimler AG stands accused of having used illegal defeat device in its engines, while escaping the crushing cost of fines. The move follows consultations with the German government in Berlin on June 11, which Daimler Chief Executive Officer Dieter Zetsche called “constructive.” Transport Minister Andreas Scheuer for his part ...

Bloomberg The US and North Korea agreed to seek “complete denuclearisation of the Korean Peninsula” following a historic summit between President Donald Trump and Kim Jong-un, yet set no deadline and left the path to disarmament undefined. Trump defended the two-page document he signed with Kim at the end of their meeting in Singapore earlier on Tuesday, saying that he ...

MAKKAH / WAM The UAE, Saudi Arabia and Kuwait have agreed to provide a $2.5 billion economic aid package to Jordan, to help the country which is facing an economic crisis following anti-austerity protests. The announcement was made in a joint statement following an emergency summit of the four nations which was held in Makkah. The meeting was hosted by ...

DUBAI / WAM The 2018 edition of the Dubai HeliShow is ready to begin its run from November 6-8 at the Royal Pavilion, Al Maktoum International Airport, Dubai South, under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, with over 60 exhibitors and visitors from more than 30 countries. ...

New York / WAM Sarah bin Yousef Al Amiri, Minister of State for Advanced Sciences, has headed the UAE delegation to the Third Annual Multi-Stakeholder Forum on Science, Technology and Innovation for the Sustainable Development Goals (SDGs), convened by Marie Chatardova, President of the UN Economic and Social Council. Various stakeholders discussed ways in which science, technology, and innovation can ...

Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Supreme Council for Family Affairs and wife of HH the Ruler of Sharjah, has made a strong call for a renewed global commitment urging greater cooperation among world leaders, decision makers, humanitarian organisations and civil society to protect children from being pushed into the world of forced ...