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  Bloomberg A former top executive behind China’s biggest acquisition of an overseas carmaker is setting out to make history twice, raising $1 billion in an initial fundraising round as the latest homegrown electric vehicle startup to challenge Tesla Motors Inc. Freeman Shen left Volvo Cars owner Zhejiang Geely Holding Group Co. in 2014 and last year founded WM Motor, …

  Bloomberg A year-old technology firm wants to simplify currency markets by streamlining the way trading data is stored using blockchain-based technology. Cobalt DL, a London-based firm created last year by former Traiana Inc. Chief Executive Officer Andy Coyne, announced Wednesday that it began beta testing on a distributed ledger network, which the firm hopes can cut post-trade costs and …

  Bloomberg Airbnb Inc. is pressing ahead with plans to expand into new travel services including restaurant reservations and city tours, transforming the company from a single-minded home-rental service to a multipurpose trip planner. The company is testing a standalone mobile app for finding and organizing travel plans, highlighting the importance of the initiative to the company. A test version …

  Bloomberg It’s like rooftop solar, without the rooftops. A growing number of consumers are buying into community solar farms that allow renters and apartment dwellers to access renewable energy produced on neighborhood plots that can be small enough to host a little league baseball game. Some are so modest they’re referred to as “solar gardens.” Conventional solar farms such …

  AFP A tiny, invasive whitefly that is resistant to pesticides and carries crop-devastating viruses has been found outdoors in the United States for the first time, raising concerns among fruit and vegetable growers. The Q-biotype whitefly turned up in April in the heavily manicured gardens of an affluent neighborhood in south Florida’s Palm Beach County, where landscapers were spraying …

  ABU DHABI / WAM Abu Dhabi Ports and Abu Dhabi Ship Building (ADSB) on Tuesday signed a long term agreement for ship repair facility that will also have a floating dry dock at Zayed Port. The agreement was signed at Abu Dhabi Ports head office at Zayed Port by Captain Mohamed Juma Al Shamisi, Chief Executive Officer of Abu …

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) succeeded in achieving a compliance rate of 97 percent regarding the disclosure of the second quarter financial statements of its listed public joint stock companies within the deadline of 45 days from the end of the financial period. 64 listed companies out of 66, local and foreign, disclosed their second …

  DUBAI / WAM An Emirates Auction delegation has paid a visit to the Mohammed bin Rashid University of Medicine and Health Sciences (MBRU) in Dubai Healthcare City recently, in line with its interest in strengthening relations with government bodies and academic institutions. During the visit, the Emirates Auction discussed means of hosting activities and organising charity auctions

  Dubai / WAM Emirates will operate a special one-off A380 service to Amman on September 25, marking 30 years of commitment to Jordan. The airline’s flagship double-decker, with the ability to carry over 500 passengers at a time, will make history when it becomes the first-ever scheduled A380 service to Queen Alia International Airport, and it will also be …

  ABU DHABI / WAM Etihad Airways, the national airline of the UAE, will expand its services to Italy with a new daily flight to Venice’s Marco Polo Airport. The new service will begin operations from October 30 and be served by an Airbus A319, offering 16 seats in Business and 90 in Economy. Together with Alitalia, its code-share and …