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Bloomberg A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said. The investor group, which also includes Manipal Health Enterprises Pvt, could announce a deal as soon as the next few days, according to the people, who asked not ...

Bloomberg China’s aspiration to deploy 30 million autonomous vehicles within a decade is seeding a fledgling chip industry, with startups like Horizon Robotics Inc. emerging to build the brains behind those wheels. The Beijing-based company is taking aim at Nvidia Corp. and Mobileye NV just as the autonomous-driving business takes off and uncertainty looms over international trade. Annual revenue from ...

Bloomberg Europe’s $38 billion a year carbon market is finally starting to work the way it was intended, reining in pollution with a minimum of squealing from industry. Thirteen years after it was created to limit carbon-dioxide emissions, prices for the allowances are rising. European Union policymakers have enacted measures expected to keep the cost of pollution on an upward ...

Bloomberg The Trump administration is under growing pressure to explain the details of its trade policies after fears of a tit-for-tat economic conflict between the US and China sent stocks tumbling. Businesses and investors are awaiting details in the coming days of the proposed product list for the tariffs on roughly $50 billion in Chinese imports President Donald Trump announced. ...

Bloomberg Just two years after Ford Motor Co. bet the revival of its Lincoln luxury line on the return of the Continental sedan, it’s reversing course and going all in on sport utility vehicles instead. Despite its retro Rat Pack allusions and elegant evocation of Bentley styling, the Continental didn’t sell as expected. Sales are down 30 percent this year, ...

Reuters Egyptians began voting on Monday in a presidential election set to deliver an easy win for incumbent Abdel Fattah Al Sisi, with turnout the main focus. Polling stations will be open for three days and Sisi, a former military commander, has urged Egyptians to vote, hinting that he sees the election as a referendum on his first four-year term. ...

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 that the warm ties between the UAE and the Republic of South Korea were an outstanding example of how two countries could base their relationship on trust, common interests and mutual understanding on ...

Abu Dhabi / WAM The UAE and South Korea signed a number of Memoranda of Understanding (MoUs), to enhance partnerships and cooperation between the two countries. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and South Korean President Moon Jae-in, attended the signing ceremony at the ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has announced the start of the second phase of developing the National Export Programme. Aiming to bolster a diversified and sustainable national economy, the programme will contribute to enhancing the ability of national exports to penetrate and compete in international markets. In ...

DUBAI / Emirates Business Dubai Land Department (DLD) has successfully participated at MIPIM, the world’s leading international real estate conference, which was held at the Cannes Festival Palace in Cannes, France. DLD held several successful meetings with the exhibition organisers to discuss future cooperation and DLD’s continued participation over the coming years. The conference was an opportunity for DLD’s delegation ...