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Bloomberg Alibaba Group Holding Ltd. raised its outlook for full-year revenue growth after reporting sales that beat analysts’ estimates, buoyed by advertisers who spent more to lure shoppers. China’s biggest e-commerce company is now predicting a 49 to 53 percent rise in revenue in the current fiscal year, after acquiring and folding in results from its logistics arm Cainiao. It ...

Bloomberg Hindalco Industries Ltd., controlled by Indian billionaire Kumar Mangalam Birla, reported a drop in second-quarter profit, missing analysts’ estimates, after a one-time loss partly eroded the benefits of a surge in global metals prices. Net income was 3.93 billion rupees ($60 million) in the three months to September 30, from 4.4 billion rupees a year earlier, India’s biggest aluminum ...

Bloomberg SoftBank Group Corp.’s talks to merge US unit Sprint Corp. with T-Mobile US Inc. ended after months of negotiations, dashing investors’ hopes for a wireless megamerger and signalling that unlimited data plans and heavy price discounting among US carriers will continue. SoftBank Chief Executive Officer Masayoshi Son and Tim Hoettges, CEO of T-Mobile parent Deutsche Telekom AG, couldn’t resolve ...

Bloomberg Waymo’s bid to recover $1.86 billion in a trade secrets case against Uber Technologies is in jeopardy as a federal judge cut the company’s damages expert from the case, one month before a trial over driverless technology.The decision leaves the Alphabet Inc. unit without an outside source to justify why it deserves that startling amount in an industry that ...

Bloomberg UK business called for an end to the “soap opera” of Brexit and a return to the spirit of national unity last seen in World War II as it pushed for certainty on Britain’s future relationship with the European Union. Confederation of British Industry President Paul Drechsler will appeal for a “single, clear strategy” in an address on Monday ...

Bloomberg US labour force participation has been having a good run, but it slipped in October— possibly as demographics exacted a toll. The participation rate had been trending up as people moved into the labour force and as workers with jobs hung onto them. Last month, however, the rate fell as 5.2 million employees dropped straight out of the labour ...

Bloomberg Diabetes devices may be having their iPhone moment. For decades, the daily routine of diabetics involved painful needles, finger-pricking lancets and imprecise glucose metres. Now, manufacturers have begun incorporating the slick and consumer-friendly designs of Silicon Valley, linking to phones and other tech devices. “This is a crossroads for diabetes technology,’’ said Raj Denhoy, an analyst at Jefferies in ...

ABU DHABI / WAM Non-oil trade between the UAE and Nigeria, Africa’s largest economy, stood at $1.3 billion in 2016, according to a report released by the Ministry of Economy on trade policy review with the West African country. As the largest oil exporter in Africa with huge natural gas reserves, Nigeria is ranked as the 26th largest economy in ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said that the UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has made great strides in building a solid base for military and defence industries with national hands. His Highness ...

HAMBURG / Reuters Emirates hopes to order more Airbus A380 super jumbos at the Dubai airshow this month, the airline’s chairman said. “I hope we will be able to do it,” Sheikh Ahmed bin Saeed Al-Maktoum said at a ceremony to receive the airline’s 100th A380, saying that negotiating teams were working on it. Emirates is the world’s biggest customer ...