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DUBAI / WAM The Dubai Roads and Transport Authority (RTA), has announced the establishment of an E-Hail Taxi Joint Venture with Careem Networks Company (Careem); the leading ride hailing technology company in the region. Accordingly, the new company, the name and logo of which will be announced in the next few months, will provide e-hail taxi services to customers beginning ...

Bloomberg Attorneys general from nine coastal states are intervening in a lawsuit aimed at blocking seismic surveys that could help pinpoint oil under Atlantic waters but also imperil whales and dolphins. The move brings the heft and resources of top state law enforcement officials to a fight over the future of oil and gas exploration along the US East Coast. ...

Bloomberg With oil hovering just above its lowest level since August 2017, at least one large investor is dumping a BlackRock Inc exchange-traded fund (ETF) tracking the global energy industry. Two large blocks of the $1.4 billion iShares Global Energy ETF, or IXC, sold. The first was 1.1 million shares worth $34 million at 10:37 am in New York, and ...

Bloomberg Huawei Technologies Co. wanted a better way to test its telephone handsets, so it sent an engineer to see “Tappy,” the robot in partner company T-Mobile US Inc’s laboratory in Bellevue, Washington. “Tappy,” computer-driven and tireless, taps on touch screens, simulating weeks of use in a day. The Huawei engineer was curious about Tappy’s fingertips. So he slipped one ...

Bloomberg The Indian government has sought to reopen the books of Infrastructure Leasing & Financial Services group, alleging evidence of auditing lapses was uncovered while looking into allegations that funds were siphoned from the beleaguered financier. A probe by India’s Serious Fraud Investigation Office indicated the lender’s accounts were fraudulent and mismanaged, Sanjay Shorey, a lawyer for the government told ...

Bloomberg Carlos Ghosn’s lawyer challenged allegations by prosecutors that the former Nissan Motor Co. chairman transferred personal financial losses to the Japanese automaker. While rearresting Ghosn, the prosecutors alleged Ghosn used Nissan’s money to pay a person who helped him meet payments to maintain a personal trading position during the 2008 global financial crisis. On Sunday, Motonari Otsuru, the main ...

Bloomberg Owners of PT Triputra Agro Persada, including Singapore’s sovereign wealth fund GIC Pte, are exploring a possible sale of the Indonesian palm oil producer, people with knowledge of the matter said. Shareholders including Northstar Group have asked banks to pitch for a role advising the firm on options that also include an initial public offering, said the people, who ...

Bloomberg Shares in Tencent Holdings Ltd. jumped 4.5 percent after Chinese media reported that regulators have resumed approving games, signaling a potential end to a hiatus that’s chilled the world’s biggest gaming industry. Tencent and peers from South Korea to Japan spiked after the official China Securities Journal reported that regulators had reviewed and passed an initial batch of online ...

Bloomberg After years of wildfires linked to power lines, a deadly explosion and accusations of falsified safety records, California utility owner PG&E Corp is facing a deterioration of trust among state leaders. The California Public Utilities Commission has begun a formal process to evaluate whether PG&E’s Pacific Gas and Electric utility should be split into separate electric and gas companies, ...

Bloomberg T-Mobile US Inc is delaying the debut of its much-anticipated video service after the project proved more complex than expected, according to people familiar with the situation. The move would push back the rollout until 2019, though plans could still change, according to the people, who asked not to be identified because the situation is private. Chief Executive Officer ...