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Bloomberg Alibaba Group Holding Ltd. plans to invest about $100 million in Best Inc.’s initial public offering, after the Chinese logistics provider cut the size of the deal nearly in half, according to people with knowledge of the matter. Best is seeking as much as $495 million from the IPO after it reduced the price range and existing investors decided ...

­­­­­­­­­­­Bloomberg Caroline Atkinson, an experienced diplomat Google hired last year to steer its global policy efforts, is stepping aside from that management role. Google confirmed her move but said it was an administrative change designed to place oversight of the policy role at its Mountain View, California, headquarters, and Washington-based Atkinson will stay on as chief policy adviser. Leslie Miller, ...

Bloomberg Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it may not be so lucky. The bankrupt island, already contending with the aftermath of a storm that left as much as $1 billion of damage and hundreds of thousands still without power, faces even more upheaval with Hurricane Maria ...

Bloomberg Uber Technologies Inc. is accustomed to getting sued. Now it’s doing the suing. And it’s partly thanks to Breitbart News. The global ride-hailing company is taking advertising agency Fetch Media Ltd. to court for click fraud, alleging that the firm improperly billed Uber for “fake” online ads and took credit for app downloads it had nothing to do with. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, inaugurated the Mohammed bin Rashid Arabic eLearning Project, with the launch of the Translation Challenge in Dubai on Monday. The Translation Challenge calls on all Arabs to help translate 5,000 videos and 11 million words of world-class maths ...

Dubai / WAM The Mohammed bin Rashid School of Government (MBRSG), signed an Memorandum of Understanding (MoU), with the United Nations Development Programme (UNDP), to promote the school’s executive training programmes for top government officials. MBRSG’s programmes focus on governance and public policy in the Arab world, seeking to empower government employees, hone their skills and upgrade government performance. In ...

Dubai / Emirates Business Dr Rashid bin Ahmed bin Fahad, Minister of State and Chairman of the Board of Directors of the Emirates Authority for Standardisation and Metrology – owned and organized by the Dubai World Trade Centre (DWTC) officially opened the region’s leading hospitality trade shows on Monday. These included the inaugural edition of GulfHost 2017, the Middle East’s ...

DUBAI / Emirates Business The prospect for the higher education sector in the UAE is bright, experts speaking at the forthcoming IPSEF Higher Education Forum say. UAE based universities have grown consistently in enrolments and revenues at a robust compound annual growth rate of 8-10 percent. The overall student base across local and international university campuses in UAE is estimated ...

Bloomberg For the third time this month, a hurricane is spinning towards the already battered Caribbean and gathering strength along the way. The National Hurricane Center (NHC) upgraded tropical storm Maria to a hurricane as winds picked up to 150 kilometres per hour by Monday morning. The storm, 100 miles east of Martinique, is intensifying, and hurricane warnings have been ...

Bloomberg Ford Motor Co. gave its lagging Indian operations a boost by reuniting with local SUV maker Mahindra & Mahindra Ltd. to explore electric cars and new technologies, as the US automaker tries to gain a foothold in a country that’s set to become the world’s third-biggest car market. Ford and Mahindra formed a partnership for three years, aiming to ...