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Bloomberg Honda is finally planning to open its newest factory in Brazil, idle since it was built in 2015. But not for the reason they originally intended. The carmaker built the Itirapina, São Paulo, plant for 1 billion reais ($290 million) with the plan of doubling its capacity in the country. Instead, the automaker will transfer operations to the facility ...

Bloomberg Ola, Uber Technologies Inc.’s fiercest Indian competitor, wants to roll out 10,000 electric three-wheeled rickshaws within a year and a million battery-powered vehicles by 2021. The startup run by ANI Technologies Pvt said it’s in policy discussions with several state governments, and is talking with potential partners from automakers to battery producers. It aims to build out an existing ...

Bloomberg Metropolis Healthcare Ltd., an operator of medical diagnostic centres backed by Carlyle Group LP, is considering an initial public offering to raise about 15 billion rupees ($230 million) as it seeks acquisitions. The sale will likely include a partial stake held by the founders as well as new shares, Managing Director Ameera Shah, 38, said in an interview. A ...

Bloomberg In the race to build cars with digitally connected services — such as ordering coffee on the dashboard display — Toyota Motor Corp. and Nissan Motor Co. risk being held back by their home market. In contrast to vehicle buyers in the US and Europe, Japanese consumers are reluctant to pay for such features. That’s resulted in only 10 ...

Bloomberg Shire Plc agreed to sell its cancer unit to France’s Servier SAS for $2.4 billion, tightening the US-based drugmaker’s focus on rare diseases and potentially making it more attractive to Takeda Pharmaceutical Co. as it considers a bid. The Shire unit sells treatments for leukemia and pancreatic cancer, the Lexington, Massachusetts-based company said in a statement on Monday. The ...

Bloomberg An influential body of UK lawmakers said regulators should stop major tech companies from dominating the field of artificial intelligence, and also warned on the potential of widespread unemployment due to the technology. British antitrust regulators should be mindful that large datasets on which artificial intelligence depends on are not monopolized by a handful of large technology companies, such ...

London / Reuters British Prime Minister Theresa May on Monday extolled the benefits of free trade among Commonwealth countries, seeking new sources of commerce as Britain looks to finalise divorce terms with its current biggest trading partner, the European Union. May is looking to win the support of the Commonwealth, a network of mostly former British colonies, for future trade ...

TEL AVIV / Reuters Oracle Corp co-CEO Safra Catz said on Monday she expected an acceleration in the company’s cloud business after the software maker last month reported sales from this business that fell short of Wall Street forecasts. Catz told reporters in Tel Aviv that the company’s cloud business was impacted by a new model made available to customers ...

London / Reuters WPP, the world’s biggest advertising company, entered uncharted territory on Monday without its founder Martin Sorrell whose departure has left it rudderless at a time of swirling industry change. Shares in the group fell 4 percent after Sorrell, the driving force behind 33 years of dealmaking and relentless expansion, stepped down after the board investigated an allegation ...

ABU DHABI / WAM The UAE has moved ahead four places in the area of exports in 2017, to occupy the 15th position internationally, surpassing Russia, Spain and Switzerland, while maintaining its leadership in the Arab region, Middle East and Africa, acco- rding to reports by International Trade Statistics and forecasts by the World Trade Organisation (WTO) in 2018. The ...