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Tesla board torn between service to shareholders, CEO

Tesla to buy into more solar power projects in taiwan

Bloomberg Tesla Inc.’s board of directors is at a critical juncture, wedged between a larger-than-life figure to whom many are personally close and their larger responsibility to shareholders. Elon Musk’s astonishing interview with the New York Times has heightened concerns surrounding the health of Tesla’s chairman and chief executive officer, with shares plunging 8.9 percent, the largest drop in nearly ...

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Atlantia prepares Genoa compensation plan

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Bloomberg The Benetton family’s Atlantia SpA is preparing a compensation package to help victims of the Genoa bridge disaster and provide the region with funds to repair damaged train links and roads. The plan was worked out in consultations between executives at the family’s holding company, the Atlantia infrastructure company they control, and their lawyers and advisers. Autostrade per l’Italia, ...

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Tourist spot suffers $2.8bn hit as India floods kill 324

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Bloomberg The worst floods in a century in India’s southern state of Kerala have killed 324 people, caused $2.8 billion in damage and left more than 220,000 homeless since start of the monsoon season in June as the armed forces and rescue teams try to evacuate low-lying areas in which others are still stranded. One of the country’s top tourist ...

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Amazon’s India chief tells team to turn off work email at night

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Bloomberg Amazon’s country manager for India has proposed a radical idea: Log off; get a life. In an email to his team earlier this month, Amit Agarwal counselled colleagues to stop responding to emails or work calls between 6 pm and 8 am in the interest of “work-life harmony.” He also talked about the importance of work discipline and how ...

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Adnec promoting Abu Dhabi as world-class healthcare hub

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ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) renewed a landmark memo- randum of understanding (MoU) with the Emirates Medical Association (EMA), and the Abu Dhabi Convention Bureau, a division of the Department of Culture and Tourism (DCT), to promote Abu Dhabi as a hub for world-class healthcare services and a global knowledge destination, by hosting important medical ...

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Dubai focusses on Hong Kong as part of Far East exports push

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DUBAI / WAM Dubai Exports, the export promotion agency of the Department of Economic Development (DED) concluded a successful visit to Hong Kong, attracting buyers and importers eager to source products from Dubai to Far Eastern markets. The visit, led by Mohammed Al Kamali, Deputy Chief Executive Officer of Dubai Exports, marked the first anniversary of the Overseas Trade Office, ...

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Russian trolls amped up tweets for pro-Trump website’s content

Donald trump attends a discussion on workforce development

Bloomberg Russia’s social-media trolling operation began stepping up its Twitter presence to new heights in late July 2017 — more than eight months after sowing discord and disinformation in the 2016 presidential election. The burst of activity —revealed in a new, comprehensive dataset of nearly 3 million tweets—had an overriding focus over the ensuing three months: popularising headlines and news ...

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UAE to spur ties with Australia’s agri, environmental sectors

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DUBAI / WAM A UAE delegation, led by Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, concluded an official visit to Australia to promote collaboration on various environmental fronts. During the three-day visit, the delegates attended bilateral meetings with top Australian officials and toured multiple environmental and agricultural facilities in the country. At the Parliament House in ...

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Etihad, Al Nassr FC enter partnership

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ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC. The multi-season partnership was signed at Etihad Airways’ Innovation Centre in Abu Dhabi, and was attended by senior members of both organisations’ leadership ...

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Crypto’s millennial mining tycoon plans $3 billion IPO

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Bloomberg Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as $3 billion, people with knowledge of the matter said. The Beijing-based company, whose 32-year-old co-founder Jihan Wu is one of the most powerful players in crypto, plans to file a listing application with the ...

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