News

Bloomberg Charter Communications Inc. is cool to Japanese billionaire Masayoshi Son’s proposal to combine with his Sprint Corp., though talks remain active, according to a person familiar with the matter. Son, who is Sprint Corp.’s chairman, proposed a cash and stock merger of his money-losing wireless company with Charter, people familiar with the matter said, asking not to be identified ...

Bloomberg Apple Inc. has removed some virtual private network applications from its stores in China, a move that could block users ability to bypass a local web firewall and access overseas sites. “We have been required to remove some VPN apps in China that do not meet the new regulations,” Carolyn Wu, Apple’s China spokeswoman told Bloomberg in an emailed ...

Bloomberg Japan’s key price gauge was unchanged in June, helped by rising power costs. The tight labour market may also start to help inflation, which remains far from the central bank’s 2 percent target. Highlights of Data Core consumer prices, which exclude fresh food, increased 0.4 percent in June from a year earlier (estimate +0.4 percent). Excluding fresh food and ...

Bloomberg At least one winner has emerged from India’s crackdown on so-called black money: the country’s richest banker. Uday Kotak, billionaire chairman of Kotak Mahindra Bank Ltd., is reaping broad benefits as the government’s efforts to withdraw the biggest bills from circulation pushes savings into the formal financial sector — including his group’s banking, insurance, brokerage services and asset management ...

Bloomberg When Indian architect Rahul Maini and his parents embarked on their first trip abroad in May, Singapore was their destination of choice. But the trio wasn’t going for the hawker food or even the city-state’s casinos — they were there to get on a ship. The equatorial island has become a flourishing entry point for Indian cruise-ship passengers, bolstering ...

Sharjah / WAM The second Silent Book Exhibition, curated by the International Board on Books for Young People (IBBY), was launched in Rome in 2015 and is being brought to the UAE for the very first time by the UAE Board on Books for Young People (UAEBBY) this August. Now a prestigious internationally touring exhibition, the Silent Book project started ...

TOKYO / Reuters Abu Dhabi National Oil Co (ADNOC) expects to make a final decision on whether to renew Japanese firms’ oil concessions in Abu Dhabi oilfields before year-end or very early next year, its top executive told the Nikkei business daily. The majority of Japanese stakes in Abu Dhabi oilfields including Inpex Corp’s 12 percent hold in the massive ...

Abu Dhabi / WAM The total number of new commercial licences issued in the emirate of Abu Dhabi and registered at the Abu Dhabi Business Centre (ADBC), affiliated to the Department of Economic Development (DED), reached 4,538 during the first half of this year. This includes 2,330 licences issued during the first quarter and 2,208 in the second quarter. The ...

SHARJAH / WAM A total of 5.5 million passengers passed through Sharjah International Airport (SIA) during the first half of 2017. The latest numbers show an increase of 2.9 percent as compared to the 5.3 million passengers recorded during the first half of 2016. In a statement, SIA has also revealed that 835.8 thousand passengers in June 2017 passed through ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, has laun-ched the National Strategy for Motherhood and Childhood and the Strategic Plan for boosting the rights and development of children with disabilities 2017-2021. Sheikha Fatima made the ...