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Bloomberg Sony Corp is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter. The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd before any ...

Bloomberg Huawei Technologies Co is suing critics in France who alleged it has ties to the Chinese state. In an unprecedented move, the technology giant filed three defamation claims in Paris over comments made during television programmes by a French researcher, a broadcast journalist and a telecommunications sector expert. The company’s legal actions in France were published in a report ...

Bloomberg The Italian government and ArcelorMittal are holding negotiations on how to resolve a standoff at the European Union’s largest steel plant. ArcelorMittal, which bought the ex-Ilva steel mill for 1.8 billion euros ($2 billion) last year, is in dispute with the government over pollution levels and the company’s legal position and protection from criminal liability, while Italy is looking ...

Bloomberg Tesla Inc Chief Executive Officer Elon Musk said the company has amassed 146,000 orders for its Cybertruck, less than 48 hours after the polarising vehicle was first shown amid shattered glass. The electric-car maker has a history of unveiling future products to throngs of excited customers, taking deposits, and then delivering years later. Two years ago, Tesla showed off ...

Bloomberg A record number of Hong Kongers cast ballots in district elections by Sunday afternoon, with hours to go before polls were due to close, as they seized the first opportunity to vote after months of increasingly violent protests calling for greater democracy. Some 2.5 million people, or roughly 60% of the financial hub’s electorate, had voted by 6:30 pm, ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces will be chairing the third UAE Government annual meetings in Abu Dhabi, which will commence on ...

TASHKENT / WAM International partnerships are key to shaping the future of governmental processes, said Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future. Al Gergawi made the remarks as the head of the UAE delegation to the launch of the ‘One Million Uzbek Coders’ initiative at Inha University in Tashkent, Uzbekistan. “Building international partnerships for shaping ...

DUBAI / WAM A surge in arrivals over the summer months accelerated Dubai’s tourism momentum, as the city welcomed 12.08 million international overnight visitors in the first nine months of 2019, according to the latest visitation figures released by Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism). The strong 4.3 percent increase in volume growth compared to the same ...

Abu Dhabi / WAM According to statistics from Statistics Centre-Abu Dhabi (SCAD), in 2018, Abu Dhabi achieved progress in terms of its electricity production from solar energy, increasing from 17,986 megawatt-hours in 2011 to 249,695 megawatt-hours in 2018. The report also pointed out that 88.4 percent of the electricity produced from solar energy was transferred through the emirate’s electricity distribution ...

Bloomberg Amazon.com Inc filed a lawsuit challenging the Defense Department’s choice of rival Microsoft Corp for a Pentagon cloud-computing contract worth as much as $10 billion. The lawsuit, which was filed under seal in the US Court of Federal Claims in Washington, marks Amazon’s most aggressive push to defend its competitive edge in the lucrative and cutthroat world of federal ...