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Bloomberg In China, a bicycle-sharing phenomenon is changing the way urban dwellers get around — and forcing listed manufacturers to scramble to get a slice of the profits. Across major cities such as Beijing and Shanghai, sidewalks are filling up with parked bikes that anyone with an app can unlock with a swipe of their phone. The cost is a ...

Bloomberg SoftBank Group Corp., the Japanese company that raised a $93 billion fund for technology investments, is considering boosting its stake in chipmaker Nvidia Corp., people familiar with the matter said. The firm would raise its holding over time and begin to work more closely with Nvidia, the people said, asking not to be identified because the deliberations are private. ...

Bloomberg BMW, Mercedes-Benz and VW are getting their turn in the crosshairs of US President Donald Trump, who’s making a habit out of attacking the visible — and free trade-dependent — auto industry. “The Germans are bad, very bad,” Der Spiegel cited Trump as saying to unidentified participants at a closed-door meeting with European Union officials in Brussels. “Look at ...

Bloomberg The US and Russia are engaged in a rivalry for dominance once again, this time in the wheat market. After Russia recently pulled ahead, the US has fought back, with the help of a weaker dollar. One irony of the situation is that the US is taking market share partly amid the FBI investigation into ties between President Donald ...

Bloomberg The European Union will demand its top court have the power to enforce the rights of its citizens in Britain after Brexit. In a draft working paper circulated this week, the EU Council of bloc members said the European Court of Justice should have “full jurisdiction” over the rights of nationals and that the European Commission should have the ...

Bloomberg Egypt carried out air strikes against militants across the border in Libya, saying they targeted the group responsible for a deadly attack on Christians earlier on Friday. At least 29 people, some of them children, were killed when gunmen in military fatigues opened fire on a bus carrying members of the Coptic Christian minority in Minya province, about 200 ...

Astana / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Kairat Abdrakhmanov, Minister of Foreign Affairs of the Republic of Kazakhstan, signed a protocol on Tuesday amending the agreement of mutual exemption of pre-visa requirement for holders of diplomatic and special passports to also include holders of ordinary passports. The UAE ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held talks with visiting President of Serbia, Tomislav Nikolic, on a range of regional and global issues of mutual interest. His Highness Sheikh Mohamed bin Zayed met Nikolic at Al Shati Palace to discuss ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD) continued to deliver an outstanding performance in 2016. Furthermore, the Fund managed 17 development projects valued at AED5.6 billion across seven beneficiary countries, dispensed AED3.9 billion in concessionary loans to support four projects and AED1.7 billion in government grants to finance 13 projects. Headlining a press conference at the ...

Abu Dhabi / Emirates Business The Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced on Wednesday the opening of a new sales center at Saadiyat Lagoons district, located at the site of the budding community. The sales center’s convenient location next to New York University Abu Dhabi offers visitors ...