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Bloomberg The inflation outlook is looking dismal for the Bank of Japan as cheaper oil and falling mobile phone charges threaten to push price growth towards zero by mid-summer. The Bloomberg Inflation Barometer, which draws on eight drivers of prices, points to a sharp slowing in the months ahead as lower oil costs feed their way into electricity bills. Over ...

Bloomberg Carlos Ghosn’s new lawyer escalated his public appeal to release the former Nissan Motor Co. chairman from prison by hinting at the involvement of a “higher power” in the case and questioning why only Ghosn and an associate have been accused of crimes so far. Junichiro Hironaka, the lawyer hired by Ghosn last month, also said on Monday his ...

Bloomberg Amazon.com Inc., which scrapped a deal this month to open offices in New York after clashing with local politicians, is pulling out of a lease in Seattle that was at the center of a battle with the city council. Last year, as the Seattle City Council was weighing a tax on large employers to fund affordable housing and homeless ...

Bloomberg The owner of Britain’s Daily Mail newspaper will distribute its stake in the publisher of Euromoney magazine to shareholders in a move that will tie the fortunes of Chairman Lord Rothermere closer to the company. Daily Mail investors will see some of their stock exchanged for Euromoney shares. Lord Rothermere, also known as Jonathan Harmsworth, won’t take part in ...

Bloomberg Novartis AG’s new gene therapy targeting a disease that kills infants would be cost-effective at as much as $1.5 million, according to a US nonprofit that assesses the value of drugs, well short of the potential price range the company has suggested. Zolgensma, a one-time treatment for a severe genetic disorder called spinal muscular atrophy, would provide substantial benefits ...

Bloomberg Volkswagen AG’s delicate balancing act between the old and new automotive eras will be on full display this week at the Geneva car show, where a fun-loving electric beach buggy will share the limelight with the trusty Passat sedan. VW’s I.D. Buggy concept combines battery power with styling reminiscent of carefree days tearing around California sand dunes, tapping a ...

Bloomberg Aston Martin fell the most since its controversial initial public offering (IPO) last year as the luxury carmaker said some UK and European buyers are delaying purchases amid uncertainty around Brexit. The stock dropped as much as 18 percent and was trading 17 percent lower at 1,138.6 pence in London. That’s less than two-thirds of the 19-pound price at ...

ABU DHABI / WAM A total of AED18.7 billion of dividends have been proposed by as many as 18 listed UAE national banks for 2018, 12.2 percent up from AED16.66 billion in 2017. The growth in dividend distribution reflects robust solvency position of UAE banking sector, reckoned among Mena’s most resilient with estimated AED2.9 trillion of assets by 2018-end. The ...

Bloomberg Uber Technologies Inc. is in advanced discussions to buy Dubai-based Careem Networks FZ, a deal that would expand the ride-hailing giant’s operations in the Middle East, according to people familiar with the matter. The companies may announce a cash-and-sh-ares transaction that values Careem at about $3 billion in the coming weeks, the people said, asking not to be identified ...

DUBAI / Emirates Business Schneider Electric, the leader in digital transformation of energy management and automation, announced ahead of Middle East Electricity that smart cities are driving the GCC’s smart grid market to $33 billion by 2042. GCC nationwide digital transformation and smart cities are weaving energy efficiency throughout every project — across renewable energy generation, more efficient power distribution ...