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Bloomberg Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least $50 billion, according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks suggesting ...

Bloomberg Salil Parekh overcame long odds to become Infosys Ltd.’s choice for its next chief executive officer. He now faces at least as challenging a task in getting the iconic Indian outsourcing company back on track. The low-key, 53-year-old from Capgemini SE was named to the helm of Infosys, beating out a field of internal candidates and former executives who ...

Reuters Yemen’s steely former president of 33 years, Ali Abdullah Saleh, made his last political gamble and lost on Monday, meeting his death at the hands of the Houthi movement, his erstwhile allies in the country’s multi-sided civil war. Officials in his General People’s Congress party (GPC) confirmed to Reuters that the 75-year-old Saleh had been killed outside the capital ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has attended the March of Union on Sunday as part of the Sheikh Zayed Heritage Festival 2017 in Al Wathba, Abu Dhabi, on the occasion of the 46th National Day. The march organised by ...

Dubai / Emirates Business Dubai Land Department (DLD) has announced that in line with a regulatory decision issued by His Excellency Sultan Butti bin Mejren, Director General of DLD, it has closed its Records Department to make the transition to a fully smart archiving system. To achieve the transformation, DLD has collaborated with a company specialised in photovoltaic archiving. The ...

DUBAI / Emirates Business Emirates’ new Boeing 777-300ER aircraft fitted with its game changing fully enclosed private suites in First Class, as well as refreshed Business and Economy Class cabins, has now entered service, to the delight of customers. The new Emirates cabins were unveiled for the first time at the Dubai Airshow last month, to positive acclaim from visitors ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (ADDED), organised a two-day training workshop at its headquarters, in cooperation with the Ministry of Economy, entitled, ‘Policies of Encouraging Investments and Export. The workshop provided participants with an analysis of the government’s strategies to promote exports and attract investments, by providing practical analytical tools to study and encourage ...

Bloomberg Nissan Motor Co. is seeking compensation from India, saying the government failed to keep its end of the bargain on promised tax breaks after wooing the Japanese automaker to set up a factory in the South Asian country. The Yokohama-based carmaker has started international arbitration against the Indian government, a Nissan spokesman said. The company wants $770 million in ...

Bloomberg European industries from steel to solar are bracing for a new set of tariff rules that may make it harder to fend off low-cost imports from China and other foreign countries. European Union governments were due on Monday to rubber-stamp the biggest revamp of the bloc’s method for calculating duties aimed at countering below-cost—or “dumped”—imports. The move is a ...

Bloomberg Lawyers are having their own Brexit. More than a thousand UK lawyers have registered in Ireland since 2016 to make sure they can represent clients in European Union courts after the UK leaves the bloc. Figures from the Law Society of Ireland show 511 attorneys from England and Wales have registered in Ireland this year, on top of 806 ...