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Bloomberg Vladimir Putin was sworn in for the fourth time as president, promising Russians an “economic and technological breakthrough” and reappointing his long-serving prime minister amid the deepest standoff with the West in decades. Despite Putin’s rhetoric, there’s little appetite in the Kremlin for real changes, according to senior officials, as the growing tension with the US and European Union ...

Bloomberg Not long after US authorities filed sealed charges against Volkswagen AG’s old chief executive officer, they granted the new CEO a rare safe-passage deal. The Justice Department agreement allows Herbert Diess, promoted last month to lead the German automaker, to travel the world freely without fear of being arrested in connection with the US’s diesel-rigging investigation, according to two ...

Bloomberg German factory orders unexpectedly dropped in March and February was revised lower, confirming a weak start to the year in Europe’s largest economy and raising concern over the strength of the euro-area growth. Orders slid 0.9 percent, compared with a median estimate for a 0.5 percent increase in a Bloomberg survey. With February’s figure revised to minus 0.2 percent ...

Bloomberg A plan to replace the chief executive officer of Xerox Corp. and several directors fell apart over a technicality, setting the stage for a proxy fight in which activist shareholders will seek to improve the terms of a deal to cede control of the iconic US printer company to Japan’s Fujifilm Holdings Corp., or scrap it entirely. In a ...

ISLAMABAD / WAM The UAE and Pakistan have signed a $200 million cooperation agreement to execute Phase III of the UAE Pakistan Assistance Programme (UAE PAP). The signing comes in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, under the support of Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

Abu Dhabi / Emirates Business In presence of His Excellency Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, as well as a number of senior Abu Dhabi government officials and industry leaders from the private sector, Al Farwaniya Property Developments celebrated laying the foundation stone on Sunday for Reem Mall, the (AED4.41 billion) $1.2 billion project located on Reem ...

Dubai / Emirates Business Under the patronage of the Federal Transport Authority for Land and Maritime (FTA) and with the presence of HRH Princess Sarah Al Saud, Tactics Maritime Media and Marasi News have successfully arranged “The UAE Maritime Leaders Roundtable Discussion” under the theme of “Leading the UAE towards being a preferable destination for maritime investment”. The event brought ...

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC), will host a series of strategic events during the month of May, in keeping with the spirit of the Holy Month of Ramadan. The most high-profile of these will be the Capital Majlis, being held for the third year in a row, which will welcome over 700 guests throughout ...

Bloomberg Lebanon is holding its first parliamentary elections in nine years, a pivotal moment for the country as it tries to ease a crippling debt burden and avoid being dragged deeper into some of the Middle East’s escalating crises. Polls opened on Sunday morning under a new law based on proportional representation that’s meant to more accurately represent Lebanon’s complex ...

Bloomberg Fortis Healthcare Ltd. received a revised takeover offer from its first suitor, an Indian company backed by private equity firm TPG, ahead of a board meeting to decide a winner in the bidding war for the country’s second-largest hospital chain. Manipal Health Enterprises Pvt. has proposed merging with Fortis in a deal that will value the latter at 83.58 ...