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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, ...

Bloomberg A quick scan of Chief Executive Officer Jack Dorsey’s mentions show just how often he’s called upon to lay down the law for the service he helped create. But what users don’t know is that they’re imploring the wrong Twitter Inc executive. While Dorsey is the company’s public face, and the final word on all things product and strategy, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, on Tuesday announced during the second Dubai Council’s meeting, that a new district under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai. The Dubai Future District will see Dubai World ...

ABU DHABI / WAM Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, and Manlio di Stefano, Deputy Minister of Foreign Affairs of Italy, discussed the economic and commercial cooperation between the UAE and Italy. During their meeting, held at the headquarters of the ministry in Dubai, both sides discussed ways of widening the scope of ...

Abu Dhabi / WAM HH Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, attended on Tuesday the global launch by Masdar of the Youth 4 Sustainability (Y4S) platform. The global platform, launched under the patronage of Sheikh Khalid bin Mohamed, is designed to equip young ...