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Bloomberg Uber Technologies Inc. tried to assuage investors’ concerns that a series of scandals were taking a toll on the business. It told them to expect improved bookings, narrower losses and a possible settlement with Alphabet Inc. that could resolve one of the company’s biggest legal hurdles. On a conference call with investors, Uber executives said gross bookings increased more ...

Bloomberg As automakers in the US struggle to keep selling new cars to American consumers at a record clip, Toyota Motor Corp. plans to turn to rental car companies and other fleet operators for a boost. Toyota will nearly match last year’s total sales to fleet customers, which means the company has some catching up to do. Deliveries to rental ...

Bloomberg At least one media mogul is expecting to see a lot more deals like AT&T Inc.’s $85.4 billion purchase of Time Warner Inc., and the seeds for such megamergers could be planted this week in a resort town in Idaho. Pay-TV providers and phone companies like AT&T are realizing they need exclusive programming to set themselves apart in a ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, in the presence of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Dubai Creative Clusters Authority, launched Dubai Food Park, the latest addition to Dubai Wholesale City, which ...

ABU DHABI / WAM The new initiatives launched by ADNOC as part of its flexible operational model will bring significant benefits to the UAE and boost the country’s domestic economy, adding to its resilience and diversity towards achieving more supremacy and competitiveness at the regional and global levels, HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...

ABU DHABI / WAM Abu Dhabi University has offered over AED20 million in scholarships and financial aid during the academic year 2016/ 2017, to 1,200 students. The university had already earmarked AED12 million for scholarships and financial aid at the beginning of the year to coincide with the announcement of #Year_of_Giving initiative, bringing the total volume of financial aid and ...

Bloomberg Donald Trump Jr.’s lawyer acknowledged his client received an email last year offering a meeting with someone who had potentially damaging information on Hillary Clinton, hours after a report that the younger Trump had been told it was part of a Russian effort to help his father’s campaign. The entreaty to President Donald Trump’s eldest son came via email ...

ABU DHABI / WAM The United Arab Emirates tops the list of Arab countries for Foreign Direct Investment (FDI) inflows, with around US$ 9 billion (AED33.3 billion) during 2016, followed by Egypt and then the Kingdom of Saudi Arabia in the third place, according to the Arab Investment and Export Credit Guarantee Corporation, Dhaman. As per the investment climate report ...

DUBAI / WAM Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) convened its third meeting to prepare for the upcoming inaugural edition of the Global Knowledge Index, following the directives of HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation. The meeting was attended by an expert group associated with the ...

Bloomberg Among the sneakers, diapers and pet food for sale on Taobao, China’s biggest e-commerce platform, is a listing that may take up a little more space in the online shopping basket. For 4.15 million yuan ($610,000), customers on the site owned by e-retailing giant Alibaba Group Holding Ltd. can bid for the debt of a steelmaker from Zhejiang, a ...