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Bloomberg A US House committee has begun a new investigation into allegations of overseas emissions cheating by Volkswagen AG and was seeking testimony from the automaker’s chief executive officer Herbert Diess. In a letter, House Science, Space, and Technology Committee Chairman Lamar Smith, a Texas Republican, said the committee was investigating reports that Volkswagen “continues to circumvent global emissions requirements” ...

Bloomberg Twitter Inc.’s push into live video and more personalised content is finally starting to pay off, boosting revenue and profit more than projected in the first quarter by luring users and advertisers. The shares rose. Sales jumped 21 percent, the most in two years, to $664.9 million, Twitter said on Wednesday in a statement. That surpassed the average analysts’ ...

Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai to design and implement new initiatives that complement Dubai’s success in emerging as a leading global sukuk-listing hub. The announcement was made at a session to present updates on the Dubai Gold Sukuk Centre initiative to His Highness Sheikh Mohammed bin Rashid ...

Abu Dhabi / WAM The latest statistics from the Abu Dhabi Statistics Centre (ADSC), showed that the number of hotel establishments in Abu Dhabi, including hotels, resorts and hotel apartments, reached 162 while the number of rooms reached 30,882 at the end of 2017. The numbers of hotel guests in 2017 also surged to 4.88 million, a growth of 10.1 ...

Bloomberg A driver plowed a rental van through a crowd of pedestrians on a busy Toronto sidewalk on April 23, killing 10 and injuring 15, in Canada’s worst mass killing in almost three decades. A 25-year-old man was arrested after a lone policeman unwaveringly stared down the agitated suspect — clothed head to toe in black — who appeared to ...

Abu Dhabi / Emirates Business Etisalat Group on Tuesday announced its consolidated financial statements for the three months ending March 31. Etisalat Group announced that consolidated revenues in Q1 amounted to AED 13.1 billion, representing an increase of 5 percent year over year. In the UAE, the revenue of the company in first quarter increased year on year by 3% ...

Abu Dhabi / WAM The Sheikh Zayed Grand Mosque in Abu Dhabi received 516,141 visitors and worshippers in March of various nationalities, from both inside and outside the country. The Sheikh Zayed Grand Mosque Centre (SZGMC), organised many events in March, in line with its leading cultural role and its efforts to promote the values of tolerance and coexistence, according ...

Bloomberg Prominent US business lobbies are begging the Trump administration not to impose tariffs on Chinese imports, but some small manufacturers are pushing the other way: Trying to get more products on the proposed list. Makers of steel wheels, safes and other products want the US to impose tariffs on goods by their Chinese competitors, which aren’t among the products ...

Bloomberg Investors hunting for clues to the iPhone X’s reception can take a deeper look at its main manufacturing partners. And the latest doesn’t look good. Apple Inc.’s five largest device assemblers reported a sharp slowdown after peaking at the end of last year, suggesting demand for the high-end device may have faded just a quarter after its release. While ...

Bloomberg Alphabet Inc. is pushing efforts to roll back the most comprehensive biometric privacy law in the US, even as the company and its peers face heightened scrutiny after the unauthorised sharing of data at Facebook Inc. While Mark Zuckerberg and Sheryl Sandberg were publicly apologising this month for failing to protect users’ information, Google’s lobbyists were drafting measures to ...