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  Bloomberg PSA Group and General Motors Co. are set to announce on Monday the purchase of the Opel brand by the French company, creating the region’s second-largest automaker and allowing GM to exit the European market, according to people familiar with the matter. The two carmakers, which sent an invitation for a joint press conference in Paris on Monday, ...

  BEIJING / AP China will raise its defense budget by about 7 percent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy despite regional tensions over the South China Sea and other issues. Total defense spending would account for about 1.3 percent of projected gross domestic project in 2017, said Fu ...

  Bloomberg A private survey signaled the first expansion in four months for India’s key service sector, adding to signs the economy is bouncing back from Prime Minister Narendra Modi’s shock clampdown on cash late last year. The Nikkei India Services Purchasing Managers’ Index inched up to 50.3 in February, a report showed Friday, from 48.7 in January and November’s ...

  Bloomberg Nintendo Co. shares rose to their highest in a month after a smooth debut of Switch, a hybrid console that aims to bring together the worlds of mobile and home gaming. Retailers in Tokyo and Sydney began selling a limited number of units early, while fans in New York and Toronto waited in the cold to buy the ...

  Bloomberg Hutchison China MediTech Ltd., the biotechnology company backed by billionaire Li Ka-shing, reported positive late-stage results for its drug to treat colorectal cancer, taking the company one step closer to having a home-grown therapy on the market. The Hong Kong-based company, known as Chi-Med, said in a statement that it is currently preparing to submit a new drug ...

  Dubai / WAM Al Futtaim Carillion, a Dubai-based company, will be the main contractor for the key development of the three Theme Districts at Expo 2020 Dubai. The AED2.2 billion contract announced on Thursday is the first of AED 11 billion worth of construction contracts that Expo 2020 Dubai plans to award in 2017. Expo’s three Theme Districts will be ...

  Sharjah / WAM His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Thursday, the Art For All Centre- Falaj of Sharjah City for Humanitarian Services (SCHS), located at Sharjah Heritage Square in The Heart of Sharjah area. Upon his arrival, His Highness signed the memorial board plaques, which is distinguished by ...

  DUBAI / Emirates Business Address Hotels + Resorts, the premium luxury hotel brand of Emaar Hospitality Group, on Thursday unveiled its new city lifestyle resort, Address Boulevard. It adds to Emaar Hospitality Group’s impressive and growing portfolio of luxury hospitality venues that have redefined the hotel industry and set new benchmarks in service standards. Address Boulevard has 196 spacious ...

  WASHINGTON / AP Despite his promises of a no-holds-barred administration, President Donald Trump is tiptoeing around US military engagements in Afghanistan and Iraq, and dialing back the threats of abandoning allies. It seems Trump is opting for an increasingly risk-averse approach to the world. Although he vowed an aggressive new Iran posture and at one point questioned even basic ...

  Bloomberg Didi Chuxing, the ride-hailing service that acquired Uber Technologies Inc.’s China business last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable business model, according to people familiar with the matter. Didi’s investors, numbering more than 100, are divided over whether more capital is needed now, said ...