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Bloomberg India’s top court warned billionaire Anil Ambani he’ll be put behind bars unless his group pays its dues to Swedish supplier Ericsson AB, the latest twist in a dispute that helped push the tycoon’s mobile-phone carrier to file for bankruptcy. Ambani, 59, disobeyed an earlier Supreme Court order for his Reliance Communications Ltd. to pay 5.5 billion rupees ($77 ...

Bloomberg Carlos Ghosn is not guilty of the crimes he is accused of and his arrest was the result of a conspiracy at Nissan Motor Co., the jailed car titan’s new lawyer said as he kicked off his defense campaign in Tokyo. Nissan’s internal problems are the reason behind Ghosn’s jailing in Japan, and the carmaker should have dealt with ...

Bloomberg Sugar output in India, which vies with Brazil as the world’s top grower, will likely drop to a three-year low next season as dry weather in some main areas of western region cuts planting. Production may slide to less than 30 million metric tons in the year that begins on October 1 from an estimated 31.5 million tons this ...

Bloomberg A group representing top US mobile service providers disagreed with European and Asian counterparts over alleged security threats from Chinese equipment maker Huawei Technologies Co. ahead of a conference that will highlight a US-Europe divide on the issue. A February 14 release from GSMA, a London-based wireless industry group, urged European lawmakers not to ban Huawei as a supplier. ...

Bloomberg Booming employment, a rare bright spot for the British economy, also has a dark side. The country’s record-breaking job creation shown in the data may be coming at the cost of investment, which will hurt in the longer term. The idea is that firms are hiring people rather than buying new machinery or software because it will be easy ...

Bloomberg One of the world’s biggest sellers of coal is yielding to investor pressure on climate change, the clearest sign yet that movement is sweeping the natural resources industry. Glencore Plc has promised to limit coal production and align the business with Paris climate targets. It’s a surprising about-face from a company that’s spoken glowingly of coal in the past ...

Bloomberg European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a 430 million-euro checkbook and has done about 15 deals, including an investment in Indonesian ride-hailing firm Go-Jek, German mobile bank N26, ...

Bloomberg Ford Motor Co. is shutting a factory in Brazil in an attempt to turn around its money-losing South American business, dealing a blow to Jair Bolsonaro less than two months into his presidency. The automaker expects to record $460 million in charges related to exiting the heavy-truck business in all of South America, according to a statement. It’s halting ...

ABU DHABI / WAM The UAE Armed Forces has awarded 28 deals worth AED 4,878,756,832 on the third-day of the International Defence Exhibition (Idex), and the Naval Defence and Maritime Security Exhibition (Navdex). The total value of deals awarded so far to national and international companies has reached AED16.869 billion. Speaking at a press conference, General Mohammed Al Hassani, Official ...

Abu DHABI / WAM Abu Dhabi Ship Building and Leonardo signed an MoU to enhance their collaboration in the naval sector. Building on years of positive partnership for development of UAE naval capabil- ities, under the MoU, which was signed at Idex, the two parties will jointly work to create a combat management system (CMS), integration laboratory capable of testing, ...