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Bloomberg Prime Minister Narendra Modi’s government is set to dramatically reshape Asia’s third-largest economy with the biggest tax reform since independence in 1947. After finding common ground among India’s 29 states, the finance ministry released detailed rates for the incoming goods and services tax, slotting more than 1,200 items — from sugar to steel pipes and motorcycles — into five ...

Bloomberg Japanese exports expanded for a fifth consecutive month in April, with shipments to China surging as global demand continued to support the nation’s economic recovery. Exports rose 7.5 percent from a year earlier (median estimate +8.0 percent), according to data released by the Ministry of Finance. Imports jumped 15.1 percent (median estimate +14.8 percent). The trade surplus was 481.7 ...

Bloomberg General Electric Co. is the latest US company to be investigated by European Union for possibly turning in misleading information during a merger review, according to two people familiar with the GE case. The European Commission is reviewing whether GE misled EU officials examining a deal to buy LM Wind Power, a maker of wind-turbine blades, for 1.5 billion ...

Bloomberg European Union ministers finalized their Brexit negotiating position a day after the UK threatened to quit talks on its departure unless the bloc drops its demands for a divorce payment as high as 100 billion euros ($112 billion). Governments of 27 remaining nations approved their mandate for EU’s chief negotiator Michel Barnier at a two-hour meeting in Brussels. The ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that the UAE is moving forward in building a universal model to achieve innovative ideas to serve humanity, and that the UAE’s Centennial Vision 2071 originated from the historic lecture delivered by His Highness Sheikh Mohamed bin Zayed ...

RIYADH / WAM The GCC-US Summit began on Sunday in Riyadh, Saudi Arabia, with the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, welcoming GCC leaders and US President Donald Trump. His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ...

Dubai / Emirates Business Lieutenant General Dahi Khalfan Tamim, Head of Security for Dubai on Sunday opened the 4th Gulf Information Security Expo and Conference (GISEC) – the Middle East’s largest cybersecurity event – which is running concurrently with the Internet of Things Expo (IoTx) 2017 at Dubai World Trade Centre (DWTC) from May 21-23. The three-day GISEC event has ...

Dubai / Emirates Business Dubai Police has welcomed a new member on to its force. He doesn’t need a visa, medical insurance or hours of training, and he is ready to engage with Dubai’s residents and millions of tourists across the city’s streets. The world’s first operational robot policeman, officially joined the line of duty on Sunday, greeting guests at ...

Bloomberg The worst may not be over for Chinese corporate bonds as the government pushes ahead with its campaign to reduce leverage in the debt market, according to investors including Invesco Ltd. The crackdown on the use of borrowed money to invest in financial assets has led to Chinese companies canceling 184 billion yuan ($27 billion) of bond sales this ...

Bloomberg Takata Corp., which is seeking a buyer following the auto industry’s biggest ever safety recall, surged the most in four months after some car makers reached settlements worth $553 million to resolve economic-loss claims tied to the company’s faulty products. Toyota Motor Corp., Subaru Corp., Mazda Motor Corp. and BMW will reimburse out-of-pocket expenses, provide loaners to some vehicle ...