Bloomberg ByteDance Ltd. is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that’s been banned indefinitely in the South Asian nation. The discussions have been initiated by Japan’s SoftBank group conglomerate. SoftBank is a backer of Glance’s parent InMobi as well …

Bloomberg Porsche AG is increasing spending to bolster the digital products and services supplementing its luxury sports cars to lure more tech-savvy customers, particularly in China. The German manufacturer now invests 900 million euros ($1.1 billion) a year on digitisation compared with 800 million euros previously, Chief Financial Officer Lutz Meschke said. The Stuttgart-based company also puts about 150 million …

Bloomberg Facebook Inc. has been “helping” law enforcement identify people who posted photos of themselves at the January 6 riots at the US Capitol, “even after the attack was over,” said Monika Bickert, the company’s head of global policy management. Bickert said Facebook removed posts from several militant groups in the lead-up to the violent event and continued to remove …

CAIRO/ WAM Ahmed Aboul Gheit, Secretary-General of the Arab League, congratulated the UAE for the successful entry of the Hope Probe into the orbit of Mars, stressing that this success is the outcome of an investment in knowledge and an academic and scientific renaissance, which was reinforced and supported by the government over many decades. In his statement issued on …

Bloomberg Oil rose again to extend the longest run of gains in two years with a industry report showing falling US crude stockpiles the latest sign of tightening global supplies. While prices continue to surge, some of the biggest moves in the past day have come at the front of the futures curve. Brent’s nearest timespread has surged — a …

Bloomberg The tussle between two of the world’s richest men — Jeff Bezos and Mukesh Ambani — to dominate India’s estimated $1 trillion retail market is testing foreign investor patience with flip-flopping court rulings. There have been new developments in Amazon.com Inc’s legal battle to block Ambani’s Reliance Industries Ltd from acquiring Future Retail Ltd’s assets, in what would be …

Bloomberg Indonesia’s flag carrier PT Garuda Indonesia said it unilaterally ended a Bombardier leasing contract with Nordic Aviation Capital A/S and will return a dozen CRJ jets amid an ongoing bribery probe. The airline terminated the contract after a series of negotiations on price with Nordic Aviation yielded no satisfactory results, according to President Director Irfan Setiaputra. The 12 planes …

Bloomberg The UK’s latest clampdown on air travel was met with alarm by industry executives, who called the restrictions complex and said they fear a worsening struggle for survival. Health Secretary Matt Hancock outlined details of new restrictions, including a hotel quarantine and multiple Covid-19 tests, coming into force from February 15 in an attempt to prevent dangerous new virus …

Bloomberg Singapore Airlines Ltd is swapping some of its Boeing Co wide-body jetliner orders for the larger 777X, giving a boost to the model as part of an agreement to slow near-term deliveries from the US planemaker. The airline will pare commitments for the Boeing 787-10 Dreamliner by 14 planes, while adding 11 777-9s to its existing order, according to …

Bloomberg The investigation into last month’s Sriwijaya Air crash in Indonesia is focusing on the carrier’s maintenance and training procedures as well as the engine-control system of the Boeing Co 737-500 jet. While Indonesia’s National Transportation Safety Committee (NTSC) is still trying to determine the exact cause of the disaster, lead investigator Nurcahyo Utomo said at a media briefing on …