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Bloomberg Carlos Ghosn will finally see the inside of a Japanese court room next week, almost two months after his arrest on financial crimes. The embattled car titan will attend a hearing of the Tokyo district court on January 8, according to his chief lawyer, Motonari Otsuru. The session was called after Ghosn’s legal team requested an explanation on why ...

Bloomberg The government of Indian Prime Minister Narendra Modi said it’s on track to meet its official March 31 deadline to provide electricity connections to every home, saying a December 31 goal promoted publicly by the power ministry was only an “internal target.” The ministry said in a statement that it aimed to achieve full electrification by year-end “so that ...

Bloomberg One of the world’s most expensive fish just got pricier. A 278-kilogram bluefin tuna sold for 333.6 million yen ($3.1 million) at a Tokyo fish market. The record price — which equates to about $5,000 a pound — is more than double the previous high set in 2013, according to Masayuki Fukuda, an official in charge of trading operations ...

Bloomberg Bristol-Myers Squibb agreed to acquire Celgene Corp in a record-sized $74 billion deal that will unite two drugmakers battling for advantage in a crowded market for innovative cancer treatments. Both companies have faced investor wariness about their prospects in recent months. Bristol makes an immunotherapy drug called Opdivo that accounts for roughly a quarter of its sales but that ...

Bloomberg Apple Inc plunged to its lowest price in a year-and-a-half after the company cut its revenue outlook for the first time in almost two decades, citing weaker demand in China. Chief Executive Officer Tim Cook said sales will be about $84 billion in the quarter ended on December 29, down from earlier estimates of $89 billion to $93 billion. ...

Bloomberg The first week of the new year brought a slew of bleak reports for the UK economy, highlighting the scale of the challenges to come as Britain prepares to leave the European Union. Data showed the housing market had its worst 12 months since 2013 last year, consumers remained reticent about borrowing and a gauge of services, the largest ...

Bloomberg PG&E Corp is considering filing for bankruptcy protection within weeks as a way of organising billions of dollars in potential liabilities tied to deadly wildfires that ravaged parts of California in 2017 and 2018, according to people familiar with the situation. The California utility giant may decide to file by February, said the people, asking not to be identified ...

Bloomberg Another year, another increase to your monthly pay-TV bill. Giants including Comcast Corp, Dish Network Corp and AT&T Inc’s DirecTV plan to raise rates again in the new year, a move that could boost revenue but risks alienating subscribers who have been ditching their traditional TV subscriptions in record numbers. Cable and satellite providers are hoping to squeeze more ...

Bloomberg Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus. Futures declined 1.6 percent in New York after a turbulent 2018 that saw volatility soar in its final weeks as concerns over the US-China trade dispute ...

ABU DHABI / WAM The Federal Customs Authority has announced that the total value of customs duties transferred by the UAE to the GCC countries amounted to about AED1 billion in 2018, as well as transfers from the GCC to local customs administrations. The transfers were through the implementation of 168,726 transactions in the automated transfer customs duty (ATCD) system, ...