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Bloomberg Asian technology stocks joined their peers in a global swoon after a disappointing sales outlook from Taiwan Semiconductor Manufacturing Co., Apple Inc.’s main chip supplier, rekindled concerns that the smartphone industry’s best days may be behind it. TSMC fell 6 percent — its biggest loss since July 2013 — after predicting current-quarter sales about a billion dollars less than ...

Bloomberg It’s all adding up for Liu Yachao. The chief operating officer of TAL Education Group, a Beijing-based provider of tutoring services for Chinese students in core academic subjects, became the company’s second billionaire as its stock more than doubled in the past year. Chinese parents spend an average of $42,892 on their children’s education, with 93 percent of them ...

Bloomberg Indonesia’s Fisheries Minister Susi Pudjiastuti deals with some dangerous men in her role, but they don’t rattle her. She has an equally intimidating weapon on her side: Google. Partnering with the search engine firm, Pudjiastuti is catching illegal fishing activity in real time, after thousands of vessels’ locations were revealed online. In her mission to clean up an industry ...

Bloomberg Facebook Inc. set a lobbying record in the first three months, just as an uproar flared up the leak of data on millions of users’ without their permission. The company spent $3.3 million, according to disclosures filed with the government, up from the $3.21 million it spent in the same period a year earlier, which represented the company’s prior ...

Bloomberg AT&T Inc. and Verizon Communications Inc. are under investigation by US antitrust officials over whether the companies colluded to make it tougher for consumers to switch wireless carriers, according to three people familiar with the matter. Apple Inc., a pioneer in the eSIM technology that makes switching easier, was joined by other equipment makers in complaining to the government ...

Bloomberg General Electric Co reported solid results, reaffirmed its profit forecast and avoided the kind of nasty surprises that marred earnings in recent quarters. Chief Executive Officer John Flannery expressed optimism that GE would exceed its $2 billion cost-cutting goal and said he’s exploring new ways to run the company. “I’m excited about the path we’re on,” Flannery said on ...

Bloomberg Ericsson AB shares soared the most in more than 9 years after the Swedish maker of wireless networks posted first-quarter earnings that were stronger than analysts had expected, proof that the company is making progress in a protracted effort to reverse its fortunes. Ericsson’s closely watched gross margin — the share of sales remaining after production costs — rose ...

Bloomberg The bidding war for Brazil’s prized Eletropaulo SA utility is heating up with two European power giants looking to best each other’s bids. Italy’s Enel SpA said it would increase a promised capital injection to 1.5 billion Brazilian reais ($443 million) to sweeten its 28 reais-a-share offer for the AES Corp. unit. The move came hours after the Brazilian ...

DUBAI / WAM Dubai Investments has announced the decision to distribute 12 percent cash dividend to its shareholders for the financial year ending on December 31, 2017. A proposal to this effect was approved by the shareholders at the company’s 22nd Annual General Meeting on Wednesday. The company presented its 2017 financial results, which revealed a net profit of AED1,001.6 ...

ABU DHABI / AGENCIES Aldar Properties has signed a Memorandum of Understanding (MoU) with Hyperloop Transportation Technologies (HyperloopTT), the innovative transportation and technology company, that will allow for the creation of a new HyperloopTT centre including a full scale commercial Hyperloop system, an Hyperloop R&D Advanced Mobility Centre, a Demonstration and Visitor Centre, and an Innovation Hub. The construction site ...