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ABU DHABI / WAM The Khalifa Fund for Enterprise Development announced a range of hospitality and food and beverage start-ups which will participate in the Liwa International Festival – Moreeb Dune, between December 26 and January 10. Through supporting start-ups participating in the festival, Khalifa Fund seeks to promote entrepreneurial presence in social, entertainment and commercial activities, seeking to grow ...

Bloomberg A powerful winter storm bringing snow and ice across the Great Plains and upper Midwest promises to disrupt travel this weekend and bring a reminder of the season’s fiercest qualities — except in Chicago. Winter seems to be on vacation in the Windy City, and balmy conditions will continue, when temperatures are set to reach 61 degrees Fahrenheit (16 ...

Bloomberg In Denmark, where institutional investors have been living with negative interest rates longer than anyone else, the authorities just took a big step. Danish pension funds, the world’s best managed along with their Dutch peers, will finally get a 30-year government bond. When it starts trading next year, funds managing a total of $680 billion in assets will get ...

Bloomberg Norway’s domestic wealth fund has become so big that it’s looking for ways to get rid of excess cash by proposing some key changes to its investment model. The Government Pension Fund Norway is the domestic counterpart of the country’s better-known sovereign wealth fund, the world’s largest of its kind with $1.1 trillion in assets. Unlike its bigger sibling, ...

Bloomberg Egypt signed off on Uber Technologies Inc’s acquisition of ride-hailing peer Careem Inc after setting price caps and other measures designed to keep the local market competitive. The decision was made after studying data on 270 million trips as well as Egyptian and international precedents, the Egyptian Competition Authority said on Sunday. Any raising of passenger prices has to ...

Bloomberg Taiyo Yuden Co, a Japanese maker of ceramic capacitors used in smartphones, sees increasing demand for its components next year as China pushes ahead with the fifth generation of cellular technology. “We’re already getting orders for 5G base stations,” Chief Executive Officer Shoichi Tosaka said in an interview. “Early next year we should start seeing 5G-related orders for smartphones.” ...

Bloomberg Apple Inc is likely to continue outperforming its mega-cap tech peers next year, according to Loup Ventures, which wrote that the iPhone maker could chase its 80%-plus rally in 2019 with another 20% gain in 2020. Analyst Gene Munster cited a number of tailwinds for the shares over the coming 12 months, including continued growth for the Apple Watch ...

Bloomberg Protesters in Hong Kong continued to target shopping malls in the city, harassing mainland Chinese and clashing with police, who used pepper spray on demonstrators. At least 14 people were detained at a mall in the Sheung Shui district near the Chinese border, government-backed broadcaster RTHK reported. The anti-government protesters singled out mainland Chinese shoppers, who locals blame for ...

Bloomberg Tens of thousands of holiday-makers and residents are being urged to evacuate a popular tourist spot in southeast Australia as a heatwave sweeping through the region threatens to escalate wildfires. In a televised appeal on Sunday, Victoria state’s Emergency Management Commissioner Andrew Crisp called on about 30,000 people vacationing around Lakes Entrance in the East Gippsland region to leave ...

Bloomberg Former Vice President Joe Biden clarified his position on a suggestion he wouldn’t comply with a potential subpoena to testify at President Donald Trump’s impeachment trial in the Senate. “I have always complied with a lawful order and in my eight years as VP, my office — unlike Donald Trump and Mike Pence — cooperated with legitimate congressional oversight ...