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  Bloomberg MyTaxi is to begin converting London users of its acquired Hailo app to the German company’s smartphone software, as the unit of Daimler AG begins its fightback against Uber in the UK capital. The Hamburg-based cab-hailing company has already moved more than 17,000 drivers who previously used the Hailo system to the MyTaxi app and plans to start ...

  AP Employers boosted hiring in 13 US states in January, while employment changed little in 36 states. The Labor Department says Alaska is the only state to show a significant decline in jobs, shedding 2,100. Nationwide, hiring picked up in January as employers added 238,000 jobs, a clear improvement over last year’s average gains. A broad rebound in the ...

  Bloomberg General Electric Co. Chief Executive Officer Jeffrey Immelt’s compensation fell 35 percent to $21.3 million last year, as an oil and gas slump suppressed demand for industrial equipment and the company’s shares underperformed the market. Immelt, 61, received a $3.8 million salary last year, unchanged from 2015, according to a proxy statement from the Boston-based company Wednesday. His ...

  Bloomberg NorthVolt AB, the Swedish company founded by a former Tesla Inc. executive, wants to cut the cost of storing power in half with a 4 billion euro ($4.2 billion) lithium-ion battery factory. The Stockholm-based company wants to raise 1 billion euros by 2018, when it plans to break ground on a factory during the second half of the ...

  Belgrade / Emirates Business EAP Shared Services, part of Etihad Aviation Group, opened a new global Shared Services centre, in Belgrade. The EAP Shared Services centre was officially opened on Monday by Aleksandar Vucic, the Prime Minister of the Republic of Serbia; James Hogan, the President and Chief Executive Officer of Etihad Aviation Group, and Sinisa Mali, Mayor of ...

  Bloomberg Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy after posting losses in five of the past six quarters. The company listed total debt of $131 million in Chapter 11 papers filed Monday in Nebraska. Gordmans, which operates about 100 stores, is the latest victim in a retail industry suffering from sluggish mall traffic and ...

  Sydney / Emirates Business Etihad Airways, the national airline of the United Arab Emirates and official airline partner of ‘Taste of Sydney’, crowned Harry Stockdale-Powell, from Bouche on Bridge, winner of the Taste the World competition in Sydney on March 12. The Taste the World award is presented to the chef who best epitomises Etihad Airways’ food philosophy, which ...

  Berlin / AP Ground staff at Berlin’s two airports went on strike on Monday for the second time in four days, forcing the cancellation of hundreds of flights.The ver.di union called on staff at the Tegel and Schoenefeld airports to walk out from 4 a.m. (0300 GMT) on Monday until 5 a.m. (0400 GMT) on Tuesday, then extended the strike ...

  Abu Dhabi / Emirates Business Marking the start of a wonderful spring season, Starbucks launches its Trio Macchiato: a new Maple Macchiato, Date Macchiato and of course, the favorite Caramel Macchiato, a combination that brings coffee lovers a choice of espresso and their favorite Starbucks beverages. The Maple Macchiato is a new beverage ideal for those who love rich ...

  Bloomberg Top executives from the UK and US’s largest banks have set up a group to foster closer ties in financial services between the two countries after Britain leaves the European Union, according to two people familiar with the matter. TheCityUK, the industry lobby group, has created a steering committee led by managers at Barclays Plc and JPMorgan Chase ...