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Bloomberg Qualcomm Inc. is trying to steer a big chuck of its billion-dollar dispute with Apple Inc. over the use of fundamental technology for mobile phones away from what it sees as a sideshow over patents. At a hearing, Qualcomm asked a federal judge in San Diego to throw out as moot all claims by Apple related to nine “handpicked” ...

Bloomberg Consumers drove the US economy to better-than-expected growth in the third quarter, but a steep slowdown in business spending raised concerns about whether the strength in the expansion is sustainable. The 3.5 percent annualised gain in gross domestic product, following 4.2 percent, marked the best back-to-back quarters since 2014, according to Commerce Department report. The rise in consumer spending, ...

Bloomberg Twitter Inc. topped estimates for earnings and revenue in the third quarter amid higher spending from advertisers, marking a much-needed boost for the social-networking site after months of scrutiny from lawmakers and criticism about fake or offensive accounts. The shares rose in early trading. Monthly active users averaged 326 million, San Francisco-based Twitter said in a statement. That’s a ...

Sharjah / Emirates Business The third edition of ‘Investing in Future’ (IIFMENA) conference has got off to an impactful start on Wednesday with comments from His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah; Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of The Big Heart Foundation (TBHF); Mariam Al Hammadi, Director ...

Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Wednesday attended the opening of the fifth edition of the World Green Economy Summit (WGES 2018). The Summit, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, will run ...

Dubai / Emirates Business Regional trade enabler DP World, UAE region unveil five clean energy initiatives at the Water, Energy, Technology, and Environment Exhibition (Wetex) week, the Middle East’s leading trade show for the energy, water, and sustainability industries. Renewable energy such as solar, waste recycling, and the development of a zero emission supply chain management across its regional and ...

Dubai / WAM Consulate General of the Netherlands in Dubai, on behalf of the Dutch Economic Network in the Gulf region, launched its new multiyear campaign: Dutch Connection in the Gulf – Uniting Water, Energy, Food, at Wetex 2018 in Dubai. The initiative was launched during ‘the Dutch Hour’, in the presence of Mariam Hareb Almheiri, Minister of State for ...

Bloomberg President Donald Trump conceded there’s no evidence for his claim that Middle Eastern terrorists are among thousands of migrants travelling from Honduras towards the US border, but blamed Venezuela and unidentified “leftists” for encouraging the so-called caravan. Trump is trying to make immigration central to the midterm elections next month that will determine whether Republicans maintain control of Congress. ...

Bloomberg Pakistan has said that Saudi Arabia agreed to a $6 billion support package to bolster Islamabad’s dwindling finances following a second visit by Prime Minister Imran Khan to Riyadh seeking aid. Saudi Arabia will deposit $3 billion directly with Pakistan “as balance of payment support,” while another one-year deferred payment facility of up to $3 billion for oil imports ...

Bloomberg Innovent Biologics Inc., a Chinese biotech firm backed by Temasek Holdings Pte, raised HK$3.3 billion ($421 million) after pricing its Hong Kong initial public offering near the top of a marketed range, people with knowledge of that matter said. The Suzhou-based company priced it sale of 236.35 million shares at HK$13.98 apiece, the people said, asking not to be ...