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Bloomberg Huawei Technologies Co is making a Hail Mary bid to undo a US law that prohibits federal agencies and contractors from buying or using the Chinese telecom giant’s equipment because of the alleged risk of “cyber exploitation” by China. Lawyers for Huawei were due in federal court to convince a judge that the law is an unconstitutional attempt by ...

Bloomberg Chinese internet giant Alibaba Group Holding Ltd has agreed to invest in augmented-reality (AR) startup Perfect Corp in its biggest bet so far in Taiwan, people with knowledge of the matter said. Alibaba is leading a new round of funding for Perfect Corp, according to the people, who asked not to be identified because the information is private. Chinese ...

Bloomberg The trade war is taking its toll on Apple Inc, a new survey of Chinese consumer attitudes shows. The company tumbled to No. 24 in an annual report on China’s top brands, falling from No. 11 a year ago. In 2017, before the trade war started, Apple was fifth in this ranking. Meanwhile, Apple’s biggest local rival, Huawei Technologies ...

Bloomberg The OECD warned that a no-deal Brexit would push the UK into a recession, send investment and exports plunging and create damaging long-term fallout for the economy. In a report, the Paris-based group said exports would “immediately decline” by 8 percent, and uncertainty would put the brakes on business spending. While part of the trade shock would be absorbed ...

Bloomberg Tesla Inc’s Model 3 earned a coveted Top Safety Pick+ award from the Insurance Institute for Highway Safety (IIHS), after the sedan performed better in a crash test than the Model S. The Model 3 earned “good” crash ratings in each of IIHS’s tests, including one that measures how vehicles perform in front, driver’s-side-corner collisions. The Model S fell ...

Sharjah / Emirates Business Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority (Shurooq) has collaborated with the US–UAE Business Council to organise business seminars in Durham, North Carolina, and Pittsburgh, Pennsylvania. The objective of the seminars was to shine light on lucrative commercial opportunities Sharjah has on offer for American investors. These events were ...

Dubai / WAM Months of planning have successfully led to the final piece of Al Wasl dome being lifted into place after an intricate and complex construction operation. The dome’s huge steel crown was positioned at the top of the jewel of the Expo 2020 Dubai site in an inspiring feat of precision engineering, according to a press release issued ...

DHAKA / WAM The Emirates Red Crescent (ERC), continues to provide humanitarian and relief aid to Rohingya refugees in Bangladesh upon the directives of country’s leadership and under the supervision of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC. The distribution of the aid is part of the UAE’s ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (Raktda) on Wednesday announced record-breaking visitor numbers to Ras Al Khaimah in August, with almost 118,000 visitors choosing the UAE’s northernmost Emirate to visit and enjoy it’s fascinating history, traditional culture, magnificent landscapes and world-class hotels and resorts. The emirate of Ras Al Khaimah has witnessed a 5% ...

Bloomberg Nissan Motor Co is seeking to sell a wholly owned subsidiary that distributes vehicle parts and materials in a deal that may be valued at about $1 billion, as the struggling Japanese automaker seeks to slim down, people familiar with the matter said. The company has invited private equity and trading firms to bid for 100 percent of Nissan ...