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Bloomberg Republican Senator Josh Hawley warned state attorneys general (AG) expected to announce an antitrust probe of Alphabet Inc’s Google on Monday that they should expect formidable defensive tactics, no matter how cooperative the company has promised to be. “They will probably stall, stonewall, deflect, deny, threaten,” Hawley, a Missouri freshman who investigated the company when serving as his state’s ...

Bloomberg Ferrari NV unveiled two new cars in a record year in terms of model range renewal, a move that will likely allow the Italian supercar maker to boost sales and increase average prices. On Monday, the Maranello-based company in Northern Italy revealed a sports car equipped with its most popular mid-rear-mounted 720-horsepower V8 engine, called F8 Spider, and a ...

Bloomberg Simmering popular anger led to setbacks for Russia’s ruling party in closely watched races in Moscow, even as the Kremlin used its tight control of the electoral system to ensure wins for its handpicked candidates in gubernatorial votes elsewhere. After weeks of the biggest anti-Kremlin demonstrations in seven years in the capital this summer, the United Russia party lost ...

Bloomberg Nissan Motor Co Chief Executive Officer Hiroto Saikawa said he won’t resign for being at the centre of turmoil over excess compensation, but is ready to take responsibility for scandals involving former chairman Carlos Ghosn and will exit as soon as a successor is found. Following reports that he and other Nissan executives were paid more than they were ...

Bloomberg The ongoing protests in Hong Kong, now in their 15th week, have delivered a blow to the city’s tourism industry not seen since the 2003 SARS epidemic. Tourist arrivals in the city declined almost 40 percent in August from a year earlier, Financial Secretary Paul Chan wrote in a blog post. That’s the biggest year-on-year decrease in visitor numbers ...

Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said that development projects implemented across the UAE are chiefly aimed at ensuring the highest quality of life for all citizens and visitors. The projects aim to achieve the highest standards in accordance with global best practices. ...

Abu Dhabi / WAM Signalling growing investor confidence in the country, a total of 32,256 business licenses were issued in the UAE over the first eight months of the year, bringing to 572,615 the total number of business permits in the country, a growth of 6 pc from 540,359 by the end of December. The significant increase in business licenses ...

ABU DHABI / WAM Aldar Properties on Sunday launched its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The AED722 million community features 306 infrastructure enabled land plots open to buyers of all nationalities. This is the first land plot development to be launched on Saadiyat Island since the introduction of new laws enabling foreign buyers ...

Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA), announced that it is aiming to attract more Russian visitors this year as an increasing number of tourists from the country continue to flock to the emirate to experience first-hand its world-renowned hospitality and unique cultural heritage. According to the 2018 figures released by SCTDA, Russian visitors, ranked second on ...

Bloomberg China’s exports unexpectedly contracted in August, with sales to the US tumbling amid the escalating trade war between the two nations. Exports decreased 1 percent in dollar terms from a year earlier, while imports declined 5.6 percent, leaving a trade surplus of $34.84 billion, the customs administration said. Economists had forecast that exports would grow 2.2 percent, while imports ...