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Bloomberg President Donald Trump’s credibility took a sharp blow after his son released emails that directly contradict months of assertions that investigations of possible campaign collusion with Russia were nothing more than a partisan “witch hunt.” Just 173 days in office, Trump already has seen his political clout depleted by a stymied agenda in Congress and approval ratings consistently under ...

DUBAI / Emirates Business Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a memorandum of understanding (MoU) with Souq.com to launch an e-commerce initiative for SMEs. Under the MoU, the two sides will work together to provide Dubai SME members with integrated e-commerce solutions comprising online product display, e-payment, ...

Bloomberg China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain access to websites like Facebook and Google blocked by China’s regulators, companies use VPNs to ensure speed and efficiency as they migrate more services ...

Bloomberg Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumors of protectionism. As a result, Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics industry. As Apple Inc. ...

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 ...