News

Bloomberg Siemens AG will press ahead with an initial public offering of its health-care unit as CEO Joe Kaeser unloads another key business at Europe’s largest engineering company. The IPO of “a meaningful minority share” in Siemens Healthineers, as the company is known, will be completed in the first half of the year on the Frankfurt Stock Exchange, subject to ...

Bloomberg While US steel and aluminum producers surged after the Commerce Department released its recommendations for restricting imports, a muted reaction among the biggest Asian metals stocks suggests the international impact will be spread thinly—unless US action prompts retaliation from its biggest suppliers. Japan’s top steelmakers, Nippon Steel & Sumitomo Metal Corp. and JFE Holdings Inc., and its largest maker ...

Bloomberg Former US Director of National Intelligence James Clapper contradicted a tweet from a Facebook Inc. executive that said swaying the 2016 election wasn’t the main aim of Russian interference outlined in a new indictment. “Clearly the Russians were trying to affect the election,” Clapper, who served under President Barack Obama, said on CNN’s “State of the Union”. He said ...

Bloomberg Daimler AG fell after a German newspaper reported US investigators detected software in its Mercedes-Benz diesel cars that might have been designed solely to pass regulatory emissions tests. The vehicle maker developed several software applications that reduce or regulate the application of AdBlue fluid that helps eliminate harmful exhaust gases, Bild am Sonntag reported Sunday, citing confidential documents. Daimler ...

Bloomberg The income boom enjoyed by people born between 1966 and 1980 has turned to “bust” for the generation that followed them, according to a report published on Monday. In an analysis of eight high-income countries, the Resolution Foundation think tank found that millennials in their early 30s have household incomes 4 percent lower on average than members of so-called ...

Bloomberg If you’ve overestimated the daily demand for chia seed and homemade granola pots, or dripping, do you just throw the food out, or try and sell it quickly on the cheap? Fifty eateries in London, including Aubaine, Hummus Bros, Magpie, and Michelin-starred Aquavit, can now opt for the latter through a mobile app, Karma, which launched in the city ...

Abu Dhabi / WAM On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (Adnoc) on Sunday signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20 percent stake in Abu Dhabi’s offshore SARB and Umm Lulu concession. The choice of Cepsa, which is wholly-owned by Abu Dhabi’s Mubadala Investment Company ...

DUBAI / Reuters Careem said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month. The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum. “Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month,” it ...

Abu Dhabi / WAM The UAE Space Agency and the International Astronomical Centre (IAC) announced a joint campaign to monitor China’s Tiangong-1 Space Laboratory as it falls back to Earth. The fall is expected to take place in mid-March in areas between 43 degrees north and south latitude, which include most of the Arab region. The UAE Space Agency confirmed ...

DUBAI / Emirates Business OSN, the Middle East and North Africa region’s leading entertainment network, has signed the first partnership deal in the region with Netflix — the world’s leading internet entertainment service — marking a bold first step for industry collaboration and integration. The partnership comes amid a shifting global media landscape that sees demand for relevant and exclusive ...