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Bloomberg States regulators and health insurers are rushing to react to the latest move by the Trump administration to dismantle parts of the Affordable Care Act, less than three weeks before their citizens and customers start signing up for coverage. President Donald Trump’s administration said it wouldn’t pay subsidies to insurers that are used to help lower-income people with medical ...

Bloomberg Uber Technologies Inc., the world’s largest startup, appealed a London regulator’s decision to revoke the car service’s license as it seeks more settlement talks. Uber, which can continue to operate during the legal process, was banned by Transport for London over safety concerns and the company’s attempts to avoid regulation. The appeal, which could drag on for months, was ...

Bloomberg Facebook Inc. “absolutely” supports the public release of all ads bought on its platform by Russian government-linked accounts but maintains that it’s up to Congress to decide when to do so, Chief Operating Officer Sheryl Sandberg said. The company is giving lawmakers whatever they ask for and will “stand by them” when they’re ready to release the ads, she ...

Bloomberg Category 2 Hurricane Ophelia is threatening everything from farms to a golf course owned by the family of US President Donald Trump as it heads for Ireland. Ophelia’s top winds were 155 kilometres an hour by 3.40 pm London time, reaching the second level of the five-step Saffir-Simpson scale. The storm, about 545 miles southwest of the Azores, is ...

WASHINGTON / Reuters The strategy that President Donald Trump has laid out to confront Iran and renegotiate a 2015 nuclear agreement requires a string of big bets to pay off in short order. The risk of failure is enormous. A hostile Congress must agree to pass legislation to toughen the terms of the accord. European allies with little appetite to ...

Abu Dhabi / WAM Up to 6,303 factories have been running investments worth more than AED103.1 billion in the UAE until the end of 2016, a top Ministry of Economy official told Emirates News Agency (WAM). “The food and beverage industry accounts for 30 percent of the total volume of the country’s industrial sector followed by the primary mineral industries ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received the engineers who are working on various projects to develop the UAE’s educational facilities. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Education ...

Dubai / WAM The Federal Tax Authority (FTA), joined the e-Dirham system – a fully integrated electronic payment and revenue collection developed in partnership with First Abu Dhabi Bank- in a move that further strengthens the reach of the country’s official smart payment system. A document towards this effect has been signed on the sidelines of the now-running GITEX Technology ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), showcased its latest innovative digital services and applications during GITEX Technology Week 2017. The applications, which include the Investors App, Smart Watch App, and My ADX, are accessible through the Apple and Google Play stores and can be used on either smartphones, tablet computers or smart watches. Speaking on the occasion, ...

Bloomberg Steel demand in India is gathering speed amid an infrastructure building boom that’s set to more than double capacity of the nation’s mills, according to the government. “We’re expecting domestic consumption to accelerate in the decade between 2020-2030,” Steel Secretary Aruna Sharma said in New Delhi. Annual capacity stands at 126 million metric tons and is forecast to rise ...