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Bloomberg Apple Inc. says a Chinese ban on sales of the iPhone will force it to settle a long and bitter licensing battle with Qualcomm Inc., an outcome that may end up harming the country’s smartphone industry and give its fiercest legal rival a boost. The US company was responding to a Chinese court that ruled this week Apple infringed ...

Bloomberg General Motors faces a “sharp and continued drop in profit” from its GM China joint venture in 2019 and beyond and might consider spinning off the JV, Morgan Stanley analyst Adam Jonas said in a note. The strategic and financial options available to an automaker like GM in China “likely shrinks as profitability of the JV declines,” Morgan Stanley ...

Bloomberg It’s a good start to the weekend for billionaire Anil Ambani. The Supreme Court refused to order a probe into India’s purchase of French warplanes, blunting the opposition Congress party’s allegation that Dassault Aviation SA was forced to pick an Ambani firm as a local partner. Little over an hour later, the Indian government told the court it would ...

Bloomberg Japanese Prime Minister Shinzo Abe’s pledge to empower women hit a fresh obstacle as more evidence was released of ‘admissions policies’ at the nation’s medical schools. Three of Japan’s 81 medical schools manipulated their admissions systems to exclude women, while another is suspected of doing so, according to an Education Ministry report. Another six were cited for unfair practices ...

Bloomberg The US is opposing an increase to the IMF’s permanent capital levels, President Donald Trump’s latest snub of multilateral organisations as he pursues his “America First” foreign policy. The International Monetary Fund is examining its capital levels under a regularly scheduled review. The Washington-based fund is mostly financed by shares, known as quotas, paid by its 189 member nations. ...

Bloomberg US farmers and ranchers want the Trump administration to include agriculture in trade talks with the European Union, an approach officials in Brussels are reluctant to take. President Donald Trump notified Congress in October that his administration plans to negotiate trade pacts with the EU starting as early as mid-January, as well as hold talks for separate deals with ...

Bloomberg GAM Holding AG forecast a large loss, scrapped its dividend and plans to eliminate 10 percent of jobs as the firm struggles to contain a scandal prompted by the suspension of a star fund manager. Shares of the Swiss asset manager fell as much as 17 percent after the company outlined a 925 million-franc ($931 million) loss for the ...

Bloomberg Cosco Shipping Holdings Co’s sale of a container terminal in Long Beach, California has drawn interest from potential buyers including Blackstone Group LP and KKR & Co, people familiar with the matter said. EQT Partners and an arm of Macquarie Group Ltd have also been studying a deal for the asset, the people said, asking not to be identified ...

Bloomberg Johnson & Johnson is willing to pay more than $400 million to settle some of the thousands of consumers’ allegations that the company sold defective artificial hips and hid the health risks of the devices, people familiar with the negotiations said. The world’s largest health-care products maker has settled, or is in the process of settling, about 3,300 of ...

ABU DHABI / Emirates Business The ninth edition of Sial Middle East, the fastest-growing food, beverage and hospitality event in the region, and the fourth edition of Abu Dhabi Date Palm Exhibition concluded on Wednesday at the Abu Dhabi National Exhibition Centre, facilitating 135 trade deals valued over AED5 billion ($1.36 billion) during its three-day run. The event drew the ...