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US drafts order to look into Google, Facebook practices

Bloomberg The White House has drafted an executive order for President Donald Trump’s signature that would instruct federal antitrust and law enforcement agencies to open investigations into the business practices of Alphabet Inc.’s Google, Facebook Inc. and other social media companies. The order is in its preliminary stages and hasn’t yet been run past other government agencies, according to a ...

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Uber in early talks to buy UK’s food-delivery firm Deliveroo

Bloomberg Uber Technologies Inc. is in early talks to buy food-delivery company Deliveroo for several billion dollars, according to people familiar with the plans. A bid for London-based Deliveroo, last valued at more than $2 billion, would mark a major attempt by Uber to dominate the food-delivery business in Europe. An acquisition price is unknown. Any offer would need to ...

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‘Angriest man’ creates tariff headache for made-in-USA bikes

Bloomberg Arnold Kamler has experienced the trade dispute between President Donald Trump and China first hand, and is trying to respond as quickly as possible. His company, Kent International Inc., assembles about 400,0 00 bikes annually at its factory in Manning, South Carolina. But this is no shield from the latest round of tariffs, since — in an effort to ...

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Mohamed hails Jeddah peace accord

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, said the historic Jeddah Peace Agreement, signed recently by Eritrea and Ethiopia, has crowned a series of positive steps that have ended the conflict between the two neighbouring African countries. Eritrean President Isaias Afwerki ...

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UAE has become a model for the entire region: Mohammed

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired on Wednesday at his office in Emirates Towers the annual brainstorming session with his team. The meeting agenda detailed new ideas and future plans. During the meeting, His Highness said the UAE has become a model for ...

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Shurooq, Injazat ink deal to set up Sharjah Investors Services Centre

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq), and Injazat Services have announced the establishment of the Sharjah Investors Services Centre, which will operate as the emirate’s first ‘one-stop-shop’ high-end facility providing fully-integrated and streamlined services to investors looking to set up businesses in Sharjah. The new centre, to be headquartered in Al Qasba, Sharjah, will be a ...

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German pavilion to engage, inspire at Expo 2020

Dubai / WAM Visitors from around the world will be wowed by the German Pavilion that will take them on a unique and exciting educational journey through a ‘world of sustainability’ at Expo 2020 Dubai. The design of the pavilion and its theme, ‘Campus Germany’, were revealed on Wednesday at an event in Dubai, attended by Ernst Peter Fischer, Ambassador ...

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Kim’s small steps on nuclear plan put ball in Trump’s court

Bloomberg Kim Jong-un looks like he did just enough on Wednesday to get stalled talks with US President Donald Trump back on track, without coming close to giving up North Korea’s nuclear weapons. During a second day of meetings with Moon Jae-in, the first South Korean leader to visit Pyongyang in 11 years, Kim agreed to dismantle a key missile ...

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Ma warns Alibaba, China to prepare for 20-year trade war

Bloomberg Alibaba Group Holding Ltd. co-founder Jack Ma cautioned China’s business and political leaders to prepare for the trade war with the US to last longer and have a bigger impact than most people think. China’s richest man said the dispute could last 20 years and persist beyond the presidency of Donald Trump, as the world’s two strongest economic powers ...

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Chinese art, antiquities escape Trump tariffs

Bloomberg Chinese art and antiquities have been spared from President Donald Trump’s tariffs. At least so far. Trump ordered his administration to impose 10 percent tariffs on $200 billion in Chinese goods next week and to raise the rate to 25 percent in January if Beijing refuses to offer trade concessions. Among items removed from the initial list of goods ...

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