Bloomberg Google, Microsoft and the US Chamber of Commerce backed a lawsuit by Harvard University and the Massachusetts Institute of Technology over the Trump administration’s order banning foreign students from the country if their universities are not offering in-person instruction. The court filing by the companies and business group backs a lawsuit challenging the July 6 directive as “invalid” due ...

Bloomberg Boris Johnson is under pressure to announce a ban on telecoms companies from installing new equipment made by Huawei Technologies Co in Britain’s fifth-generation mobile networks from as soon as the end of 2021. Britain’s National Security Council meets on Tuesday to decide on the company’s future in the UK in the wake of US sanctions against the company. ...

Bloomberg Analog Devices Inc. is close to an all-stock agreement to acquire Maxim Integrated Products Inc., according to reports. The semiconductor companies are talking about a deal that values San Jose, California-based Maxim at more than its current market capitalisation of roughly $17 billion. Norwood, Mass.-based Analog has a market value of $46 billion and also has a large office ...

Bloomberg France will unveil “massive” support for youth employment this week and a new broad stimulus plan including tax cuts for companies at the end of August, Finance Minister Bruno Le Maire said. The measures will be in addition to emergency aid to protect jobs and companies during the lockdown and a series of support plans for sectors including tourism ...

Bloomberg Swedish engineering giant Alfa Laval AB agreed to buy Neles Oyj in a deal that values the Finnish valve maker at roughly $2 billion, setting a price that’s high enough to potentially fight off any counter bids. After striking a so-called combination agreement with Neles, Alfa will make a voluntary recommended public cash tender offer for all issued and ...

Bloomberg Germany’s economy continues to recover following the easing of coronavirus-related restrictions, but remains well below capacity, according to a government report. “The economic recovery is still at the beginning,” the economy ministry said Monday. “Capacities are still clearly under-used.” While the recovery began in May, the second quarter will still show negative growth. “Only in the third quarter will ...

Bloomberg Global stocks rose with US equity futures ahead of earnings from big American banks that will act as a barometer of economic health as the pandemic continues to rage. The dollar was steady. The Stoxx Europe 600 Index climbed as traders awaited outlooks from a slew of companies that have yet to provide concrete guidance on the impact of ...

Bloomberg Goldman Sachs Group Inc. has become a little more optimistic on earnings prospects for the S&P 500 Index this year but stressed that management commentary from companies is going to be important to gauging the outlook. Goldman’s baseline forecast for S&P 500 earnings per share in 2020 is $115, up from a prior estimate of $110. The firm maintained ...

Abu Dhabi / WAM The UAE government’s efforts to provide financial aid and other social benefits to citizens intensified in 2019. These efforts were highlighted by rise in aid in 2019, reaching AED7.46 billion, an increase of 2% compared to AED7.32 billion in 2018. Financial aid and social benefits accounted for 13.4 percent of total federal government expenditures in 2019, ...

Bloomberg Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of Opec+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of US Federal Reserve. The challenge now confronting the oil producers’ club is one that’s all too familiar to the Fed: how to avoid a “taper tantrum,” the market panic that ...