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Bloomberg Southeast Asian payments platform 2C2P Pte, which helps airlines, travel companies and online shopping malls handle payments from customers in the region, has raised $52 million from investors including the World Bank’s International Finance Corp, Cento Ventures and Arbor Ventures to fund expansion. The new funding round will bolster the company’s position in Southeast Asia’s burgeoning digital payments market ...

Bloomberg House Democrats are starting to compress weeks of depositions, documents and testimony into a report almost certain to result in articles of impeachment against President Donald Trump, as the White House wages a campaign to discredit the investigation. Intelligence chairman Adam Schiff won’t rule out more witnesses or other avenues of investigation beyond a central focus: whether Trump tried ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Sunday the credentials of new ambassadors from brotherly and friendly countries to the UAE, at the Qasr Al Watan Palace. Also present were HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime ...

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, on Sunday held an official meeting with Milo Dukanovic, President of Montenegro. The meeting dealt with overall bilateral relations between the UAE and Montenegro and the means of developing them, as well as the situation ...

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, and Milo Dukanovic, President of Montenegro, attended the signing of several Memoranda of Understanding, MoUs, on Sunday to expand cooperation between the two countries in areas of tourism and culture. The signed MoUs included: ...

SHARJAH / WAM Sharjah Islamic Bank (SIB) received the Wells Fargo Operational Excellence Award 2018-2019. The award is granted for banks that achieve over 95 percent straight through processing rate of their payments through Wells Fargo money transfer systems. According to a bank statement, winners of the Operational Excellence Awards were judged based on several criteria’s. SIB as an entity ...

Bloomberg China said it will raise penalties on violations of intellectual property rights (IPR) in an attempt to address one of the sticking points in trade talks with the US. The country will also look into lowering the thresholds for criminal punishments for those who steal IP, according to guidelines issued by the government. It didn’t elaborate on what such ...

Bloomberg Sony Corp is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter. The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd before any ...

Bloomberg Huawei Technologies Co is suing critics in France who alleged it has ties to the Chinese state. In an unprecedented move, the technology giant filed three defamation claims in Paris over comments made during television programmes by a French researcher, a broadcast journalist and a telecommunications sector expert. The company’s legal actions in France were published in a report ...

Bloomberg The Italian government and ArcelorMittal are holding negotiations on how to resolve a standoff at the European Union’s largest steel plant. ArcelorMittal, which bought the ex-Ilva steel mill for 1.8 billion euros ($2 billion) last year, is in dispute with the government over pollution levels and the company’s legal position and protection from criminal liability, while Italy is looking ...