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Bloomberg Walmart Inc. is in discussions to spend about $7 billion to become the largest investor in India’s leading e-commerce company, according to people familiar with the matter, a move that would put the US retailer in competition with Amazon.com Inc. in one of the most promising online retail markets. The Bentonville, Arkansas-based retail giant plans to buy about a ...

Bloomberg There’s about to be enough sugar piled up in warehouses to make three chocolate cakes for every person in the world, and that’s got the market spooked. Supplies are booming thanks to the outlook for record harvests in India and Thailand, the world’s No. 2 exporter. The glut has already sent futures in New York to the lowest since ...

Bloomberg National interests are starting to test the united front that the 27 remaining European Union members have shown so far during the Brexit talks, according to three people with knowledge of the process. Less than a week before EU leaders meet to consider a transition deal for the UK, their officials have aired their differences over the way forward, ...

Bloomberg The Trump administration is considering trilateral Nafta language to promote telecommunications competition that could help bring the issue to a close after Mexico rejected demands spurred by AT&T Inc. that it considered overly restrictive, according to three people familiar with the issue. The US Trade Representative’s office is weighing the proposal after receiving the backing of Mexican regulators, according ...

Bloomberg When Diane Greene first joined Google in late 2015, her first task was to assemble the company’s disparate and often-wayward cloud projects and whip them into a real business. Sales, marketing and engineering divisions didn’t work together well when pitching companies on Google’s internet-based computing power, storage and services. And some cloud offerings lacked proper credentials to sell to ...

Bloomberg Russia ordered the expulsion of 23 British diplomats in retaliation for the UK’s ouster of the same number of Kremlin envoys over the nerve-agent poisoning near London of a former spy and his daughter. The British consulate in St. Petersburg was also ordered to close and the British Council must stop its work in Russia, the Russian Foreign Ministry ...

Abu Dhabi / WAM Reem Abdullah Al Falasi, Secretary-General of the Supreme Council for Motherhood and Childhood (SCMC), said that the majority of the programmes and plans of the Council for children are aimed at creating a suitable environment to raise them on the correct values and principles, preparing them for the future. In a statement marking the UAE’s celebration ...

Geneva / WAM The UAE has reiterated its firm belief that a political solution is the only way to stop the bloodshed, restore security and stability, and end the conflict in Syria, during the Human Rights Council session in Geneva. The statement was delivered by Fatma Ahmed Al Muhairi, Third Secretary at the UAE Diplomatic Mission in Geneva, as part ...

Dubai / WAM The world’s first automated, artificial-intelligence-powered renewable energy digital utility is set to be established in Dubai. The utility is proposed by the Dubai Electricity and Water Authority (DEWA), for the Dubai 10X Initiative, an ambitious venture overseen by the Dubai Future Foundation (DFF). The “Digital DEWA” project – the Authority’s digital arm – re-imagines operational procedures for ...

SHARJAH / WAM The International Government Communication Forum (IGCF 2018), has invited a host of Arab and international luminaries to shed light on the leading role women play in inspiring digital communities with their innovative use of technology for global progress. The 7th edition of the forum, organised by the International Government Communication Centre, IGCC, is being hosted under the ...