News

  Bloomberg BYD Co said a Chinese bus operator canceled a major portion of a 1.8 billion yuan (US$270 million) order for electric buses after adjusting its traffic capacity. Shenzhen Western Bus Co. terminated an order for 2,228 electric buses, out of a total of 2,919 vehicles, after awarding the tender to a BYD unit, the automaker said in a ...

  Bloomberg  Pokemon Go’s global rollout is being held back by the unexpected popularity of the game, which has shot to the top of download charts since it debuted less than a week ago. Niantic Inc, which developed Pokemon Go with Nintendo Co and Pokemon Co, is working to boost server capacity in order to keep up with data traffic ...

  Bloomberg U.S. Treasury Secretary Jacob J. Lew is set to meet with European Union antitrust chief Margrethe Vestager this week as she prepares to deliver a final verdict on a probe into Apple Inc.’s tax affairs in Ireland. The showdown comes days after Vestager’s team came up with two possible scenarios on how much tax Apple owes in Ireland, ...

  Bloomberg Chile’s government cut its forecast for growth this year and predicted the second-largest fiscal deficit in the 25 years after the unemployment rate jumped to a five-year high and mining revenue slumped. Gross domestic product will expand 1.75 percent, compared with the 2 percent forecast in March, Finance Minister Rodrigo Valdes told the Senate. The fiscal deficit will ...

  Bloomberg New York’s insurance regulator has conditionally approved Aetna Inc.’s $37 billion takeover of Humana Inc., one of the last state sign-offs needed for the deal, people familiar with the matter said. The transaction is still under review by U.S. officials. State insurance regulators have been conducting their own assessments, which are in some cases required before a transaction ...

  Bloomberg NBC expects to sell at least 15 percent more advertising for the Rio Olympics next month than it did during the London games in 2012, benefiting from having more live events in prime time. Comcast Corp.’s NBCUniversal has deals with more than 100 Olympics advertisers, Seth Winter, executive vice president of sales at NBC Sports, said at a ...

  Dubai / Emirates Business SMEs in the United Arab Emirates and the Middle East can and should do more to utilise digital marketing as an effective tool to promote their business, says Naufel Vilcassim, Professor of Marketing, London Business School. “Traditional marketing used by big firms — newspaper and TV adverts, billboards, sponsorship — is very expensive for the ...

  Dubai / Emirates Business Ducab, the UAE-based leading manufacturer of high-quality cables and cabling products, is playing a prominent part in the growth of the UAE as an incubator of innovation and future technology, by supplying the ‘Office of the Future’ with approximately 10km of cables and wires. Owned equally by Investment Corporation Dubai (ICD) and Abu Dhabi’s Senaat, ...

  Abu Dhabi / Emirates Business Al Hilal Bank concluded its ‘Together for the Month of Giving’ campaign as part of its “Joud bil Khair” (Do Good) program. The bank conducted a number of visits that helped spread joy and happiness and reinforce the values of caring, tolerance and giving within the local community. Under this campaign, a ‘Suhour’ event ...

  Dubai / Emirates Business Emirates NBD, one of the leading banking groups in the region, is enabling customers in the UAE to make donations to philanthropic causes through its digital and social platforms. The bank has in place a ‘Donation’ feature on its online and mobile banking platforms and has now created a ‘Like to Donate’ Facebook app that ...