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Bloomberg The Trump administration is considering easing steeper fines proposed by Obama-era regulators for automakers that don’t meet tougher fuel economy standards, a move that would give a break largely to luxury brands like Jaguar, BMW and Porsche that have paid the highest penalties in the past. The National Highway Traffic Safety Administration said in a regulatory filing it will ...

CAIRO / Reuters Foreign ministers from the four Arab states leading the boycott of Qatar expressed disappointment on Wednesday with the tiny Gulf nation’s “negative” response to their demands, but did not announce new sanctions against Doha. “The response the four states got was overall negative and lacked any content. We find it did not provide a basis for Qatar ...

Dubai / Emirates Business A UAE delegation headed by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment (MOCCAE), is taking part in the FAO Conference 40th Session, attended by His Excellency Saqer Nasser Al Raisi, UAE Ambassador to Italy and the Permanent Representative to the United Nations’ Agencies in Rome. The 40th Session of ...

Dubai / Emirates Business JLL, the world’s leading real estate investment and advisory firm, on Wednesday released its Q2 2017 Dubai Real Estate Market Overview report which assesses the latest trends in the office, residential, retail and hotel sectors. The retail sector continues to evolve and adjust in the light of the fast pace of technological advancements, with retail brands ...

Dubai / Emirates Business The Mohammed bin Rashid School of Government (MBRSG), the research and education institution specializing in public policy in the Arab world, has launched its academic book UAE Public Policy Perspectives at a gala dinner at the International Business Academy Conference, held between July 1-5, with the participation of 1,040 researchers and academics representing 76 countries. UAE ...

Bloomberg After Snapdeal’s board rejected a takeover offer from Flipkart Online Services Pvt., the two sides find themselves about $100 million apart as negotiations continue, people familiar with the matter said. Flipkart, India’s largest e-commerce operator, is unlikely to raise its offer above $900 million while Snapdeal is seeking a price of $1 billion, the people said, asking not to ...

Bloomberg Baidu Inc. has enlisted more than 50 partners for its Apollo driverless project, signing up major players in areas from mapping and ride-sharing to automaking to aid the Chinese search giant’s foray into AI-powered vehicles. The program aims to open up part of Baidu’s autonomous car software in the same way that Google released its Android operating system for ...

Bloomberg BT Group Plc was accused of dragging its feet for years as competitors using its network demanded the former UK phone monopoly run more fiber-optic lines to homes and businesses. Now BT’s wholesale division has seen the benefits of installing the faster connections, and is trying to coax its rivals into helping out. Under a regulatory compromise reached in ...

Bloomberg Worldpay Group Plc, UK payment-processing firm that listed in London 2 years ago, said it has received preliminary takeover approaches from Vantiv Inc. and JPMorgan Chase & Co. Worldpay shares surged as much as 26 percent and were up 21.6 percent at 12:10 p.m. in London to 389.4 pence, giving the former payment-processing division of Royal Bank of Scotland ...

Bloomberg The United Nations Security Council was to hold an emergency meeting later Wednesday after the US confirmed North Korea’s rocket launch on July 4 was its first intercontinental ballistic missile. As North Korean leader Kim Jong Un bragged about sending more “gifts” to US President Donald Trump, South Korea and the US announced on Wednesday they had conducted a ...