News

Abu Dhabi / WAM Bee’ah, the Middle East’s sustainability pioneer, and Unilever Gulf, one of the region’s leading suppliers of beauty and personal care, home care, and food and refreshment products, announced a Memorandum of Understanding (MoU) at the Abu Dhabi Sustainability Week 2020 to explore collaboration in an end-to-end integrated plastic recycling management system, through ambitious plans for a ...

Bloomberg Singapore has just made it easier for investment firms to register funds locally in a bid to increase its allure as a financial hub. A new law, which came into effect on January 14, encourages asset managers to domicile their funds in Singapore by allowing the creation of a single structure to hold a pool of assets and multiple ...

Bloomberg Indonesian prosecutors detained five suspects, including a businessman who lost a case to Goldman Sachs Group Inc in a share ownership dispute, as authorities widened a probe into investment irregularities at the nation’s oldest insurer that’s pushed it to the brink of collapse. Benny Tjokrosaputro, president director of PT Hanson International, Heru Hidayat, president commissioner of PT Trada Alam ...

Bloomberg Bharti Airtel Ltd, an Indian wireless carrier, raised $3 billion from the sale of shares and bonds to help pay government fees falling due in about a week. The New Delhi-based company, which was ordered by the nation’s top court to pay $3 billion in airwaves and license fees, raised $2 billion from a so-called qualified institutional placement, according ...

Bloomberg Western Asset Management Co is reducing its Indian government bond holdings as tensions around a new citizenship law and the Kashmir region cloud the economic outlook. The $453 billion investor, an affiliate of Legg Mason Inc, is diverting some of its funds into longer-dated Malaysian and Chinese debt, according to Desmond Soon, head of investment management for Asia ex-Japan. ...

Bloomberg India is considering a plan to offer subsidised loans to mobile handset manufacturers in a bid to attract Apple Inc and Samsung Electronics Co’s suppliers to open factories in the nation, said a government official. The proposals by the Ministry of Electronics and Information Technology includes offering interest subsidy on local borrowing by manufacturers, may form part of the ...

Bloomberg Germany’s economy made a slight recovery in the fourth quarter, ending a year in which manufacturing took a battering and the country was dragged to the brink of a recession. The statistics office estimates that output registered a small increase in the final three months of 2019, a year that saw growth of just 0.6%. That’s the slowest in ...

Bloomberg The National Security Agency announced that it had found a “critical vulnerability” in Microsoft Corp’s Windows operating systems that could enable cyber intrusions. The NSA recognised “the severity of the vulnerability” and disclosed it to Microsoft to expedite the process of fixing it, according to Anne Neuberger, the NSA’s director of cybersecurity, speaking to reporters. Microsoft released a patch ...

Bloomberg France is finalising a bill to force video-on-demand services from Netflix Inc, Amazon.com Inc, Apple Inc, Walt Disney Co and others to invest at least 25% of their revenue derived in the country to fund local productions. The French legislation falls under a European Union directive requiring such companies to ensure that at least 30% of their catalogs are ...

Bloomberg The FBI is pressing Apple Inc to help it break into a terrorist’s iPhones, but the government can hack into the devices without the technology giant, according to experts in cybersecurity and digital forensics. Investigators can exploit a range of security vulnerabilities — available directly or through providers such as Cellebrite and Grayshift — to break into the phones, ...