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Bloomberg KKR & Co. agreed to acquire BMC Software Inc. in a deal that valued the information technology management provider at about $8.3 billion including debt, according to a person familiar with the matter. KKR will buy BMC from an investor group led by Bain Capital and Golden Gate Capital together with GIC Pte Ltd., Insight Venture Partners and Elliott ...

Bloomberg Tensions are rising between the US and China ahead of Asia’s biggest security conference this week, even as the two powers push for peace on the Korean Peninsula. Defense Secretary James Mattis said while en route to the annual IISS Shangri-La Dialogue in Singapore that he was planning to raise US concerns about China’s recent moves to “militarise” the ...

OTTAWA / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Chrystia Freeland, Canadian Minister of Foreign Affairs, in Ottawa, Canada. During the meeting, the two sides discussed bilateral relations between the UAE and Canada and ways of enhancing and developing them in all domains. They also exchanged views on the latest ...

ABU DHABI / WAM The number of hotel guests staying in the emirate’s 162 hotels and hotel apartments increased by 7.3% in the first four months of 2018, compared to the same period last year, figures released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), reveal. The total number of hotel guests, which reached 1,724,967, ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) witnessed the signing of Memorandums of Understanding (MoU) with three start-ups to work with them in the 4th Dubai Future Accelerators Programme. The Programme is organised by the Dubai Future Foundation, with the theme ‘One Team Co-Creating the Future.’ It aims to strengthen ...

Dubai / Emirates Business The destination wedding industry in the Middle East continues to register steady growth and is presently worth around $4.5 billion, with the UAE emerging as the top destination for weddings in the region. These are among the findings of a survey conducted by Dubai-based event organizer QnA International at the 5th annual Destination Wedding Planners (DWP) ...

Bloomberg For the past few days, the question has been popping up on trading desks across Hong Kong: What’s up with Alibaba’s health unit? Largely ignored by analysts and stuck in a tight trading range for more than a year, the stock on May 17 suddenly turned into one of the world’s best performers for no apparent reason. It surged ...

Bloomberg China is considering a plan to buy more American coal as part of an effort to narrow its trade deficit with the US, according to people with knowledge of the matter. Chinese officials are currently looking at boosting purchases from West Virginia in particular, said the people, who asked not to be identified because they’re not authorised to speak ...

Bloomberg Canada will buy Kinder Morgan Canada Ltd.’s Trans Mountain oil pipeline and its controversial expansion project for C$4.5 billion ($3.5 billion) in a bid to ensure it gets built amid fierce opposition. “It must be built and it will be built,” Finance Minister Bill Morneau said in Ottawa, as he and Natural Resources Minister Jim Carr unveiled the deal, ...

Bloomberg A proposed class action lawsuit alleging Facebook’s ad placement tools facilitate discrimination against older job-seekers has been expanded to identify additional companies, further widening the latest front in claims that candidates are being filtered out by gender, geography, race and age. “When Facebook’s own algorithm disproportionately directs ads to younger workers at the exclusion of older workers, Facebook and ...