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Bloomberg Ola scored $2 billion in new funding from a group of investors including SoftBank Group Corp. and Tencent Holdings Ltd., a person familiar with the matter said, helping bankroll Uber Technologies Inc.’s fiercest rival in India. Other backers in the ride-hailing startup’s latest financing round included a venture capital fund jointly run by Indian industrialist Ratan Tata and the ...

­­­­­­­­­­­Bloomberg Facebook Inc. outlined plans to strengthen its advertisement systems and disclosed that about 10 million people saw ads linked to Russian efforts to influence the 2016 US presidential election. The social media giant said it will add more than 1,000 people to review the ads that run on its platforms. Additionally, the company said it provided information on about ...

Bloomberg Tesla Inc. struggled to produce its cheapest model shortly after the car debuted, setting back Chief Executive Officer Elon Musk’s mission to reach mainstream consumers. The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast. Output of the sedan that starts at $35,000–roughly half the cost of the ...

Bloomberg Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and in senior management would produce fairer policies. Now investors are changing tactics, saying it’s not enough and that employers also need to implement gender-pay equity and paid-leave policies that attract and retain women. Zevin Asset Management, ...

Bloomberg Top European Union officials teamed up to send UK Prime Minister Theresa May a blunt message: Do more to flesh out Britain’s Brexit positions or put off trade talks for even longer. European Commission President Jean-Claude Juncker and the EU’s chief Brexit negotiator, Michel Barnier, used a hearing in the European Parliament in Strasbourg, France, on Tuesday to all ...

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, on Monday received, in Qasr Al Bahr, Jawaher Saif Al Kumaiti, to honour her humanitarian actions and her bravery, heroism and quick thinking, which saved the life of an Asian driver. The driver was ...

Dubai / WAM As the United Arab Emirates (UAE) takes significant strides towards embracing Artificial Intelligence (AI) technologies and further developing a knowledge-based economy, businesses must seize the opportunity and architect for disruption instead of becoming victims to it, a senior executive has said. AI investments in the UAE have recorded over 70 percent increase over the past three years, ...

Dubai / WAM The 19th edition of the Water, Energy, Technology and Environment Exhibition (WETEX )will take place on the beginning of the third week of October. The announcement was made by Saeed Mohammed Al Tayer, MD and CEO of DEWA, Founder and Chairman of the Water, Energy, Technology and Environment Exhibition (WETEX), at a press conference at the Address ...

Dubai / WAM The Smart Dubai Government Establishment (SDG), in collaboration with the Department of Finance and ENOC Group, signed an MoU to launch a new service via its flagship Dubai Now smartphone application. The new service will be available soon and will allow customers to pay for petrol using Dubai Now app across ENOC’s retail network in the UAE, ...

Bloomberg At least 58 people were killed and 515 were injured at a concert by a lone gunman, firing from a hotel room overlooking the venue, who later died and whose motive was unclear. President Donald Trump said he’ll travel to Las Vegas on Wednesday to meet victims and emergency workers after a killing spree late Sunday that is likely ...