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Facebook limits brokers’ data use for ad targets

Bloomberg Facebook Inc. is conducting a broad review of all its data practices and taking a much more conservative stance on some policies, moves that could limit advertisers’ ability to target users on the social network, according to people familiar with the matter. As part of the changes that will be rolled out over the next few weeks, Facebook said ...

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Nissan’s Infiniti seen recharging its attack on BMW, Audi

Bloomberg Infiniti is recharging its attack on BMW and Audi. The Nissan Motor Co. premium brand wants to use the structural changes enabled by the industry’s shift toward electric and self-driving cars—such as a larger cabin and fewer components under the hood—as a chance to inject a Japanese touch of simplicity and space into its models. That entails a minimalist ...

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Mohammed launches National Advanced Sciences Agenda 2031

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that enhancing advanced sciences environment in the UAE is the best investment in building the future, and key tool to implement creative ideas. His Highness’ remarks were made as he launched the National Advanced Science Agenda 2031. The ...

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Three-city roadshow to draw Chinese tourists to Abu Dhabi

Abu Dhabi / Emirates Business A tourism delegation led by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) visited three major cities in China this month, to help raise awareness about the emirate as a holiday destination for Chinese travellers. The delegation, which included Etihad Airways, hotels, tour operators and attractions, visited capital city Beijing on ...

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Tamouh Investments launches ‘Shukran Zayed’ initiative

Abu Dhabi / Emirates Business Communities across the UAE are being urged to come together to say ‘Shukran Zayed’ by sending their messages of gratitude to commemorate a century since the birth of the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan. Abu Dhabi-based developer Tamouh Investments has launched the social media initiative using the ...

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Hon Hai profit shows iPhone delay offset by one-time sharp share gain

Bloomberg Hon Hai Precision Industry Co. felt the squeeze from 2017’s delayed launch of Apple Inc.’s iPhone X, the latest results from the world’s largest electronics contract manufacturer show. Were it not for a one-time gain of $2.2-billion from the sale of Sharp shares, analysts say, it would have been the company’s worst holiday quarter since at least 2010. Hon ...

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Beijing plans merger of shipbuilders to create heavyweight

Bloomberg China’s government is working on a plan to combine its two biggest shipbuilders to create an industrial giant that would dwarf its South Korean rivals, according to people with knowledge of the matter. The state council, China’s cabinet, has given its preliminary approval to merge China State Shipbuilding Corp. with China Shipbuilding Industry Corp., the people said, asking not ...

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EU sours on reviving trade-pact push with US amid tariffs row

Bloomberg The European Union distanced itself from the idea of reviving talks on a broad free-trade agreement with the US as part of EU efforts to gain a permanent exemption from President Donald Trump’s controversial import tariffs on steel and aluminum. A day after US Commerce Secretary Wilbur Ross said the Trump administration is willing to restart negotiations on the ...

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Telegram app raises $1.7bn in coin offering

Bloomberg Telegram Group Inc., an encrypted messaging app seeking to create its own cryptocurrency, has increased the proceeds from the world’s largest initial offering to $1.7 billion, according to a regulatory filing. Telegram raised $850 million from 94 investors in March in addition to $850 million it gained in February, and “may pursue one or more subsequent offerings,” the British ...

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