Thursday , April 19 2018


Dubai to launch first local online marketplace for SMEs, e-traders

Dubai / Emirates Business Digital Economy Solutions (DES), a joint venture between emaratech and the Department of Economic Development of Dubai (DED), will launch DubaiStore, the first local online marketplace to focus on SMEs and home-based businesses (e-traders). DubaiStore, quintessentially an online marketplace for all licenced businesses in the emirate ...

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Japan protesters call for ‘liar’ Abe to resign over scandal

Bloomberg Tens of thousands of people joined a demonstration outside Japan’s parliament, in a sign of growing public anger over cronyism scandals engulfing Prime Minister Shinzo Abe. Organisers say about 50,000 people attended this weekend’s rally in Tokyo — the biggest in nearly three years. Protesters, many young, held up ...

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Toyota’s Hino, VW truck unit tie up to trim R&D costs

TOKYO / Reuters The truck units of Toyota Motor and Volkswagen AG are forming an alliance to bolster their market positions as commercial vehicle makers face growing costs to develop lower-emission vehicles and automated driving capabilities. The strategic tie-up of Toyota subsidiary Hino Motors and Volkswagen Truck & Bus GmbH ...

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‘China’s Hawaii’ gets president Xi’s support to boost tourism

Bloomberg China’s southernmost province of Hainan is getting a package of favourable policies covering tourism, duty-free shopping and medical services that’s designed to help transform the island into an international tourism destination. Hainan, often billed as China’s Hawaii, will become a “free trade port,” China National Radio reported. The upgraded ...

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VW truck chief gears up for ‘next level’ after IPO move

Bloomberg Volkswagen AG’s trucks chief wants to take his division to “the next level,” with the German manufacturer considering a stock listing that would catapult the $37-billion unit into the blue chip ranks of Europe’s largest economy. “An initial public offering is just one of the options, another is that ...

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GSK slims portfolio with sale of rare disease gene therapy drugs

London / Reuters GlaxoSmithKline is divesting its rare disease gene therapy drugs to private biotech company Orchard Therapeutics as Chief Executive Emma Walmsley makes good on her promise to prune the drugmaker’s pharmaceuticals portfolio. Financially, the transaction will not move the dial for Britain’s biggest drugmaker, but it offers a ...

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