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Bloomberg Users of Huawei Technologies’s mobile phones will be able to download Bitcoin wallets on their devices for the first time starting on Friday. Huawei, the world’s third-biggest handset maker, is releasing BTC.com’s Bitcoin wallet in its AppGallery, according to an e-mail statement by the company. The BTC.com wallet will be the first cryptocurrency app offered by Shenzhen-based Huawei. The ...

Bloomberg A Chinese developer convicted of paying bribes to win backing for his plans to build a United Nations conference centre in Macau was sentenced to four years in prison. Billionaire Ng Lap Seng, 69, was convicted in July of conspiracy, bribery and money laundering, in the biggest UN corruption scandal since the oil-for-food programme in the early 2000s. Prosecutors ...

Bloomberg With one of the most tenacious activist investors breathing down his neck, Hyundai Motor Group’s crown prince is preparing to defend his family’s dominance of the world’s fifth-largest automotive empire by seeking to win over shareholders ahead of a looming showdown. After announcing about $1.5 billion in buybacks and stock cancellations in the past month, shareholder returns are “just ...

Bloomberg AT&T Inc. has few peers when it comes to corporate influence in Washington. But like the rest of the nation’s capital, it was caught on the outside looking in by Donald Trump’s election triumph. The Dallas-based telecom giant spent more than $350 million on advocacy in the past 20 years — including nearly $17 million last year alone. That ...

Bloomberg UK construction output plunged in March after heavy snow brought swathes of the country to a standstill. Work volumes in the building industry declined 2.3 percent from February, rounding off the weakest quarter in almost six years, the Office for National Statistics said. Separate figures showed manufacturing output declined 0.1 percent in March, a second month of contraction, though ...

Bloomberg Virgin Money Holdings UK Plc, soared after receiving a 1.6 billion-pound ($2.2 billion) preliminary offer from rival CYBG Plc, as potential consolidation among smaller banks accelerates. CYBG, which lends to consumers and small-medium enterprises, is eyeing the Richard Branson-backed bank to give it greater scale, potential cost savings and access to its presence on the high street. Virgin Money’s ...

Bloomberg Qualcomm Inc. unveiled a new plan to buy back $10 billion in stock, replacing an earlier repurchase program that was almost exhausted. The San Diego-based company, the world’s largest maker of mobile-phone chips, said the plan authorized by the board has no expiration date. The previous buyback was a $15 billion program that had $1.2 billion remaining, Qualcomm said ...

Bloomberg A Swiss wealth manager embroiled in an insider-trading case linked to Air Liquide SA’s $13.2 billion takeover of Airgas Inc. has lost his bid to avoid posting bail of 1 million euros ($1.2 million). A ruling from France’s top court revealed that a man identified as Thierry Z., working for wealth-management firm Stokors SA, was charged by criminal authorities ...

DUBAI / WAM Petrochemical companies operating in Jebel Ali Free Zone (Jafza), the region’s premier business and logistics hub, generated trade worth AED16 billion in 2017. Jafza is home to 526 companies in the sector from 67 countries and will be exhibiting its services in the petrochemical sector at the 10th GPCA Supply Chain Conference in Dubai. Sultan Ahmed bin ...

Emirates Business In yet another blow to Qatar and its covert financing to terrorist group aiming to destabilise the region, the Trump administration has called on Doha to stop funding pro-Iranian militias following revelations about the Gulf state’s dealings with terror groups in the Middle East. Securities officials of the United States are concerned about Qatar’s links to a number ...