Bloomberg General Electric (GE) Co predicted slow gains in operations this year and next after the coronavirus pandemic battered results in the second quarter. The jet-engine division has tracked “early signs of improvement” in flight departures on the path to a lengthy recovery, GE said in a presentation as it reported results. The company burned through $2.1 billion in industrial ...

Bloomberg Microsoft Corp. is exploring an acquisition of TikTok’s operations in the US, according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve US government pressure on the Chinese owner of the video-sharing app. The Trump administration has been weighing whether to direct China-based ByteDance Ltd. to divest its ...

Bloomberg Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals. Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near Field Communications, or NFC, chip, which iPhones have included since 2014. ...

Bloomberg Tesla Inc. could be on track to complete its new plant near Berlin more quickly than its Shanghai facility, according to a local government minister. The US carmaker has said it wants to finish the factory in Gruenheide by the middle of 2021, and faster than the Chinese operation, which went up in less than a year. The German ...

Bloomberg BMW AG will make a version of its X5 SUV that runs on hydrogen fuel-cells, part of the carmaker’s plan of producing as many drive variants as possible until one technology proves dominant. The i Hydrogen NEXT will get a limited production run starting in 2022, the German manufacturer said in a statement. Toyota Motor Corp. will supply the ...

Bloomberg The Covid-19 pandemic is fuelling an e-commerce boom as shuttered businesses move online — but Google isn’t benefiting in way its big tech rivals are. Google advertising sales fell 8% in second quarter, causing overall revenue at parent Alphabet Inc. to shrink for first time. The company’s main digital ad rival Facebook Inc. saw sales jump 11%, while Amazon.com ...

Bloomberg Oil dipped in tandem with a risk-off move in US equities as investors await a clear signal on supply amid expectations for a build in stockpiles. Futures in New York declined as much as 1.4% on Tuesday. Equities across the US, Europe and Asia weakened with investors laser-focused on corporate earnings results as an indication of the economic damage ...

TAIZ / WAM The UAE is continuing to provide free healthcare services to the residents of Yemen’s Red Sea Coast, through the mobile clinics of the Emirates Red Crescent (ERC) and as part of its various relief and humanitarian projects. The ERC’s three mobile clinics staffed by 12 doctors received 200 patients from various age groups from Al Sawadiyah in ...

Bloomberg An explosion at an Arizona energy storage facility last year was started by a defective battery cell that overheated and caused a buildup of flammable gas, according to a report. Firefighters unintentionally ignited the gas on April 19 last year when they opened a door to the facility located near Phoenix, Arizona, according to the report released by Pinnacle ...

Bloomberg LVMH’s customers are curbing purchases of high-end fashion faster than the company can cut costs, and that’s hitting the Louis Vuitton owner’s profit. The French luxury conglomerate’s profit from recurring operations totalled 1.67 billion euros ($1.96 billion) in the first half, less than the 2.32 billion euros analysts expected. The shares fell as much as 4% on Tuesday in ...