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Bloomberg The dust had barely settled at Infosys Ltd when Asia’s No. 2 software services firm once more found itself grappling with a potential leadership crisis. For the second time in about as many years, the Indian icon synonymous with the country’s technological ascendancy is being forced to answer accusations of impropriety. In the most recent of a stream of ...

Bloomberg Tencent Holdings Ltd’s shares are dangerously close to losing a key support level. The biggest stock in Asia fell 2.3% in Hong Kong despite no immediately apparent trigger. Theories circulating round some trading floors included souring sentiment from investors in China, as well as concern that Tencent’s decision to air National Basketball Association (NBA) games may backfire. The stock ...

Bloomberg The maker of Peugeot cars weathered a slump in the auto industry in the third quarter, helped by demand for popular models like the Peugeot 508 and Citroen C5 Aircross. PSA Group’s revenue grew 1% from a year earlier, the French company said on Wednesday, just ahead of the average estimate of analysts. Automotive revenue was stable. The carmaker, ...

Bloomberg Renault SA will offer its electric Kangoo van with added hydrogen fuel-cells before the end of the year and roll out the technology to another model in 2020. The move sees the French carmaker joining competitors Toyota Motor Corp and Hyundai Motor Co in sticking with fuel-cell vehicles even as the industry largely backs electric cars powered by lithium-ion ...

Bloomberg Texas Instruments Inc shares plunged the most in almost 11 years after the chipmaker gave a weaker-than-expected forecast and warned that trade tension is making customers far more cautious. The report spurred a selloff in semiconductor stocks. Investors have poured money into chip stocks this year, betting on a rebound in demand. That hasn’t happened as a US-China trade ...

Abu Dhabi / Emirates Business The Abu Dhabi Digital Authority (ADDA), the lead Abu Dhabi government entity spearheading the emirate’s digital transformation agenda, has announced the launch of its new service, the ‘TAMM Care for key investors,’ which is part of the integrated services platform, ‘TAMM.’ The new service has been specially created to reach out to the key investors ...

DUBAI / WAM Etihad Energy Service Company (Etihad Esco), announced the signing of an agreement with Ducab, one of the UAE’s largest manufacturing businesses, on the sidelines of the 21st Water, Energy, Technology and Environment Exhibition (Wetex), with an aim to support the UAE’s solar energy sector’s growth. The new contract will see Ducab supply its SolarBICC cables – specially designed ...

ABU DHABI / Emirates Business Saif Mohamed AL Hajeri, Chairman of Department of Economic Development and a member of the Executive Council, officially opened the seventh edition of the International Franchise Exhibition (IFE), organised by Abu Dhabi Chamber of Commerce and Industry in strategic partnership with Emirates Association for Franchise Development, at Abu Dhabi National Exhibition Centre (Adnec) on Tuesday. ...

ABU DHABI / WAM The value of humanitarian programmes, relief operations, development projects and orphans sponsored by the Emirates Red Crescent (ERC), outside the UAE from the beginning of this year until last September, amounted to AED338.3 million ($92.11 million), benefiting more than 8,500,634 people in many countries across the world. The aid was offered for humanitarian programmes, rescue operations, ...

Bloomberg The US has raised concerns about the ongoing detention of residents and political leaders in India’s Muslim-majority state of Jammu and Kashmir amid months-long restrictions on communication and movement across the region. President Donald Trump’s administration has “closely monitored” the situation in Kashmir after India changed the state’s legal status to create two new union territories — Jammu and ...