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Bloomberg Japan is delaying export approval of a material vital to South Korea’s semiconductor manufacturing industry, Korea’s trade ministry said in a statement, as the trade fight between the neighboring countries shows no signs of abating. The trade ministry issued a statement saying Japan has not approved the export of liquid hydrogen fluoride — a highly purified chemical used to ...

Bloomberg Big tech firms are about to face yet another congressional headache. House Small Business Committee Chairwoman Nydia Velazquez plans to invite Amazon.com Inc, Alphabet Inc’s Google and Facebook Inc to face questions from her committee on how the companies may be damaging the competitive landscape for small businesses. The hearing, which the committee hopes to hold in late October ...

Bloomberg Greggs PLC has defied the decline of the UK’s retail districts with a popular range of cheap pastry products. Now it’s facing a new threat from a possible no-deal Brexit. The largest bakery chain in the UK is preparing to alter its recipes if its supply of perishable ingredients such as lettuce and tomatoes is delayed by a disorderly ...

Bloomberg Airbnb Inc’s long-awaited Wall Street debut is officially earmarked for 2020, but the home-share startup is charting an unconventional path to the public markets. San Francisco-based Airbnb is laying the groundwork for a direct listing rather than an initial public offering, according to people familiar with the matter who asked not to be named discussing private information. Airbnb declined ...

Bloomberg European Union rules require people to actively choose to allow companies to install tracking cookies, judges said in another key ruling on privacy from the EU’s top court. The EU Court of Justice said in a judgment that the placement of cookies requires the active consent of internet users and that “a box checked by default is therefore insufficient.” ...

Bloomberg Nissan Motor Co will consider moving production of its SUVs outside the UK if the country leaves the European Union without a deal, people familiar with the matter said. Manufacturing of the Qashqai SUV could be moved to Spain, while the compact Juke may move to another overseas plant, said the people, who asked not to be identified as ...

GENEVA / WAM The UAE affirmed its support for the efforts of the UN Secretary-General and UN Special Envoy for Yemen to encourage conflicting Yemeni parties to implement all relevant Security Council resolutions, particularly Resolution 2216/2015, without conditions. The UAE’s statement was delivered by Ambassador Obaid Salem Al Zaabi, UAE Permanent Representative to the UN and Other International Organisations in ...

AMSTERDAM / WAM OCI N.V. and Abu Dhabi National Oil Company (Adnoc), on Monday announced the completion of their transaction to combine Adnoc’sfertiliser business into OCI’s Middle East and North Africa (Mena), nitrogen fertiliser platform, creating a world-leading joint venture. The combined company, which has been named Fertiglobe and is headquartered in the international financial centre Abu Dhabi Global Market, ...

DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, chaired on Monday a meeting of the Executive Council at Emirates Towers, Dubai, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai. The meeting proceedings saw the Executive Council ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE), on Monday announced that it had signed a $300 million seven-year unsecured term loan with a group of six banks. Abu Dhabi Commercial Bank served as initial mandated lead arranger, bookrunner and underwriter. The loan will be used to repay secured debt and support the future financing needs of the business. FirozTarapore, CEO of ...