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Bloomberg Renault SA will double electric-car offerings in the next five years and widen its presence in China to protect its global ranking in building battery-powered autos as competitors including Volkswagen AG expand in the segment. Electrified models will comprise half of Renault’s line-up by the end of 2022 as the carmaker rolls out eight new or revamped wholly battery-powered ...

Bloomberg Japan’s Denso Corp. is placing a $1 billion bet that the US auto sector’s future is electric. Toyota Motor Corp.’s top parts supplier said it’ll invest that much to expand its factory in Maryville, Tennessee, to make components for electrified, connected and self-driving cars. The factory’s customers include the Detroit Three and Japan-based carmakers, said Bill Foy, senior vice ...

­­­­­­­­­­­Bloomberg Amazon.com Inc. is almost certain to enter the business of selling prescription drugs by 2019, said two analysts at Leerink Partners, posing a direct threat to the US’s biggest brick-and-mortar drugstore chains. “It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to clients. “We expect an announcement within the next 1-2 years.” ...

Bloomberg The House Intelligence Committee is asking officials from Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google to testify publicly as part of its Russia probe on November 1, the same day as a planned Senate Intelligence hearing, according to two people familiar with the decision. That would set up a marathon day for the social media companies, which are ...

Bloomberg Two major hurricanes knocked down payrolls in September, yet the US labour market is holding up just fine. That’s the broad message from employment figures released by the Labor Department. Payrolls fell for the first time since 2010, reflecting Hurricane Harvey’s impact on Texas and Irma’s fallout in Florida. At the same time, the unemployment rate dropped to a ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees at the Dubai Future Foundation (DFF), visited the foundation’s headquarters, accompanied by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. During the visit, they viewed some of the foundation’s top ...

Abu Dhabi / WAM Etihad Airways, the national airline of the UAE, has been named ‘Airline of the Year’ in the United Kingdom for the fourth consecutive year by the Travel Trade Gazette (TTG). The Abu Dhabi-based airline beat strong competition to take the top prize at the ceremony, held at London’s Lyceum Theatre and attended by 750 leading figures ...

DUBAI / WAM The UK Secretary of State for International Trade, the Right Honourable Liam Fox MP, announced on Wednesday that Britain wanted its pavilion to be in the ‘Opportunity’ themed district of Expo 2020 Dubai, saying that Dubai is on track to host an “incredible experience for millions”. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the ...

Dubai / Emirates Business The Urban Thinkers Campus, which was launched by Dubai Land Department (DLD) through its educational arm the Dubai Real Estate Institute (DREI) in cooperation with the United Nations (UN), concluded with discussions on investment and real estate innovation, smart and sustainable living, wellness and happiness, innovative asset management, and affordable housing. The sessions, hosted by Dubai ...

Bloomberg Sharp Corp.’s US legal battle with Hisense Electric Co. marks the start of an aggressive new campaign by the Japanese electronics company to obtain royalties on its patents as the company focuses on ultra-high-resolution televisions and “smart home” devices. The Osaka-based Sharp plans to be more assertive when it comes to demanding patent royalties and may even start filing ...