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Bloomberg India is intensifying a crackdown on Chinese technology companies with a government official saying security testing of China’s UC Browser is being done to see if it’s leaking data. Testing on the popular browser made by Alibaba Group Holding Ltd.’s UCWeb is under way and the government is awaiting a report before deciding on any action, Ajay Prakash Sawhney, ...

Bloomberg Chairman Koos Bekker countered criticism Naspers Ltd. relies too heavily on its $132 billion stake in Chinese media company Tencent Holdings Ltd. by reminding investors that they would have been a lot poorer if he’d given in to similar pressure to sell the holding years ago. “Five years ago there was also a lot of unhappiness,” Bekker told shareholders ...

Bloomberg HTC Corp., the beleaguered manufacturer that once ranked among the world’s top smartphone makers, is exploring options that could range from separating its virtual-reality business to a full sale of the company, according to people familiar with the matter. The Taiwanese firm is working with an adviser as it considers bringing in a strategic investor, selling its Vive virtual ...

BEIRUT / Reuters Proposed tighter US sanctions on Hezbollah have been altered enough to allay fears of major damage to Lebanon’s economy, a sign Washington is taking concerns about Lebanese stability seriously, banking and political sources said. But banking figures told Reuters Lebanese authorities should not be complacent as US President Donald Trump’s future stance on Iran and its allies ...

Abu Dhabi / WAM The media fraternity in the UAE has welcomed the UAE Media Apprenticeship Programme, UAEMAP, launched by the Abu Dhabi Crown Prince’s Court. The initiative, announced on Saturday by the Education Affairs Office at the Court, aims to support young Emirati graduates with degrees in traditional and new media specialisations. It celebrates the legacy and values of ...

DUBAI / Emirates Business Dubai Ladies Club, a member of Dubai Women Establishment, on Saturday hosted an Open Day for all Emirati women to mark the occasion of Emirati Women’s Day. The Open Day had a line-up of activities to celebrate the health and wellbeing of guests through a wide range of fitness and recreational exercises, including a special event ...

DUBAI / WAM The Board of Executive Directors of the Roads and Transport Authority (RTA) has endorsed a contract for procuring 554 environment-friendly hybrid vehicles. These vehicles, which are fitted with a combination of fuel engine and electric motors, currently constitute about 11 percent of the fleet of the Dubai Taxi Corporation (DTC). The move is part of a master ...

Dubai / WAM The Federal Tax Authority (FTA) launched its website, providing businesses and consumers with a wealth of information on the upcoming introduction of excise tax and VAT in the UAE. The FTA website includes information about the Authority, as well as the introduction of the different types of indirect taxes in the country, the legislations regulating them, and ...

Bloomberg European Union officials warned Britain not to make peace in Ireland a bargaining chip in their bid for a post-Brexit UK-EU trade deal. With talks on the UK’s withdrawal from the bloc scheduled to resume next week, officials in Brussels said they wanted Theresa May’s government to come up with more ideas to keep the border between Northern Ireland ...

Bloomberg German automakers must invest more in electric vehicles and take on Elon Musk’s Tesla Inc., Chancellor Angela Merkel’s chief of staff said Saturday. Peter Altmaier said he was thoroughly disappointed by German auto executives following the diesel-emissions scandal and that he was also thinking about the future of the 600,000 employees in the industry. “When is our automobile industry, ...