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Bloomberg Super Typhoon Mangkhut battered the Philippines with gales and torrential rains, leaving at least three people dead and thousands homeless, triggering landslides and damaging an airport before heading towards China. The most powerful storm of the year ripped into Cagayan province in the northern Philippines with winds of up to 269 kilometres (167 miles) per hour. By US standards ...

Bloomberg Volkswagen AG’s board is working towards a decision to list its heavy-truck division, a move that would generate fresh funds for its bid to challenge global leaders Daimler AG and Volvo AB, according to people familiar with the matter. VW’s supervisory board plans to discuss the matter early next week, and the truck unit will host a capital markets ...

Bloomberg Facebook Inc. co-founder Mark Zuckerberg has to explain in court why he dropped a plan to create non-voting shares, which would’ve allowed him to retain control of the world’s largest social-media company after selling most of his stake to fund charitable works. Delaware Chancery Court Judge Travis Laster ordered Zuckerberg to testify on November 19 in a lawsuit brought ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...