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  Bloomberg Apple Inc. will begin assembling iPhones in India by the end of April, a regional minister says, heightening its focus on the world’s fastest-growing major smartphone market as growth slows elsewhere. The US company has tapped Taiwan’s Wistron Corp. to put together its phones in the tech capital of Bangalore in Karnataka, said Priyank Kharge, the state’s information ...

  Bloomberg This year, tax reform could give US companies access to hundreds of billions of dollars they have stashed overseas. Many corporations can’t wait that long. Apple Inc. and Microsoft Corp. combined sold $27 billion of debt this week to fund their daily operations, repay maturing debt, and buy back shares. Those bond sales might be unnecessary if new ...

  Bloomberg As Donald Trump’s administration prepares to renegotiate Nafta, the head of Mexico’s largest movie theater chain is warning that an end to free trade could convince him to buy his popcorn from Argentina instead of the US. Cinepolis de Mexico SA, the world’s fourth-largest cinema chain, buys about $10 million a year of American kernels from farmers in ...

  Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD) contributed a US$90 million concessionary loan for the successful completion of a 320 megawatt hydroelectric power plant in eastern Sudan. ADFD officials attended the official opening of the Upper Atbara and Setit Dam Complex plant, which was inaugurated by Sudanese President Omar Hassan Al Bashir. Mohammed Saif Al Suwaidi, ...

  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, and His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Thursday discussed ways to strengthen fraternal relations and also reviewed regional and international issues. During the meeting held ...

  Dubai / Emirates Business The business of beauty is surging ahead in the Gulf Cooperation Council (GCC), as new research shows there’s increased spending on beauty and personal care products across the region. According to the latest figures by analysts Euromonitor International (EMI), the retail value of the GCC’s beauty and personal care market was US$9.3 billion in 2016, ...

Bloomberg President Donald Trump blasted a refugee resettlement deal with Australia in a late-night tweet, throwing the fate of more than 1,000 displaced people and the U.S.’s relationship with a key ally into doubt. “Do you believe it? The Obama administration agreed to take thousands of illegal immigrants from Australia. Why? I will study this dumb deal!,” Trump tweeted. The ...

Bloomberg Toyota Motor Corp. led major carmakers reporting lower US sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy. Deliveries fell about 11 percent for both Toyota and Fiat Chrysler Automobiles NV. Sales also dropped for General Motors Co. and Ford Motor Co., pacing a 1.8 percent decrease for the ...

  Bloomberg Changes from the Trump administration on work visas will be a boost to Canadian information technology provider CGI Group Inc., a major US government contractor that briefly gained notoriety a few years ago for its role in the Obamacare rollout. The Montreal-based company, which employs more than 11,000 people south of the border, said it’s less exposed than ...

  Bloomberg Desperate to develop its own mineral deposits, resource-hungry India is trying to revive investment by taking aim at illegal miners like the sand mafia — from a few hundred feet in the air. The government will deploy flying camera drones to track renegades who for years have been extracting everything from sand to coal to iron ore without ...