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Bloomberg Angela Merkel installed an ally at the head of Germany’s governing party, notching a victory at the end of a tumultuous political year and boosting her chances of serving out her fourth and final term. Christian Democratic Union (CDU) delegates chose Annegret Kramp-Karrenbauer, a moderate party insider largely aligned with Merkel’s world view, over BlackRock Inc.’s Friedrich Merz in ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Wednesday received His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Department of Transport and Chairmanof the Board of Directors of Etihad Rail. HH Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and ...

Dubai / WAM The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), launched the fifth edition of the Knowledge Summit on Wednesday at the Dubai World Trade Centre under the theme, ‘Youth and the Future of the Knowledge Economy’. It is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S) and Inpex Corporation (Inpex) have signed a framework agreement for an LNG bunkering partnership in the UAE. Under the agreement, Adnoc L&S, a wholly-owned subsidiary of the Adnoc Group, and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering ...

Abu Dhabi / WAM Etisalat and China Mobile International (CMI), have come together to establish a point of presence at Etisalat’s ‘SmartHub Data Centre’ in the UAE. As part of the Etisalat SmartHub, CMI will support its Global infrastructure, interconnections, capacity and expand its reach into the Middle East and Africa (MEA) region. The data centre co-location partnership agreement will enable ...

Bloomberg Christophe Weber, the chief executive officer of Takeda Pharmaceutical Co., has faced a string of challenges in his $62 billion pursuit of UK drugmaker Shire Plc. The Japanese company’s shares have tumbled, dissident shareholders complained and Shire repeatedly rebuffed his bids before agreeing to a deal. Now the Frenchman has scored a big victory with Takeda saying the deal ...

Bloomberg Malaysian financier Low Taek Jho has maintained his innocence over new charges of money laundering as the government steps up legal action against those who had allegedly embezzled from state investment fund 1MDB. “Low will not submit to any jurisdiction where guilt has been predetermined by politics and there is no independent legal process,” according to a statement issued ...

Bloomberg Volkswagen AG, trying to win over German car-bashing President Donald Trump at the White House, dangled ideas to expand US auto production and said it may tap Ford Motor Co to help build its cars in America. Chief Executive Officer Herbert Diess said VW has considered adding a second plant in the US, even though the company isn’t fully ...

Bloomberg The Trump administration will propose scrapping an Obama-era mandate that new coal-fired power plants use carbon-capture technology, removing a major barrier to constructing the facilities, according to a person familiar with the plans. The Environmental Protection Agency (EPA) is slated to unveil the measure on Thursday, during an event at its headquarters in Washington, said the person, who was ...

Bloomberg Qualcomm Inc unveiled new chips that it said will run many of the first phones capable of connecting to new 5G services next year. The Snapdragon 855 includes a processor and modem to connect to wireless networks. It’s the latest version of Qualcomm’s flagship product that’s been the heart of most smartphones sold in the past decade. “In the ...