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Bloomberg Just 16 months after demonetisation forever changed the way Indians pay for things, WhatsApp is set to disrupt the market yet again. With more than 200 million Indians already using its messaging, WhatsApp is piloting a payment service that lets them transfer money to each other. The well-timed move has riled rivals, who say the Facebook Inc unit hasn’t ...

Bloomberg Adidas sent a message to investors who had feared a hard landing for the company’s growth story: There’s plenty of life left in those old sneakers. Revenue at the German company jumped 12 percent in the fourth quarter, led by China and North America. The rebound comes after a slowdown in the third quarter, which sparked concerns and weighed ...

Bloomberg Prudential Plc soared on plans to split the firm by spinning off its UK operations, a move that will create an insurance business focussed on faster-growth markets in Asia, Africa and the US. Investors will receive shares in M&G Prudential, formed in 2017 through the combination of its UK asset-management business with European insurance assets. Both firms are likely ...

Bloomberg The European Union failed to water down proposals for the Irish border that Theresa May said no prime minister could ever accept in the first revision of the draft Brexit treaty. Revising the first draft of the document published by the European Commission two weeks ago, diplomats from the 27 remaining EU countries retained the focus on keeping Northern ...

Bloomberg Denmark is edging closer to a public sector strike that has the potential of wiping out most of the country’s economic growth. Employers have already warned some 450,000 employees—more than half of the total—not to turn up for work on April 10 unless a protracted dispute over pay is resolved. Helge Pedersen, chief economist at Nordea, the Nordic’s largest ...

MOSCOW / Reuters Russia said it had information that the United States planned to bomb the government quarter in Damascus on an invented pretext, and said it would respond militarily if it felt Russian lives were threatened by such an attack. Valery Gerasimov, head of Russia’s General Staff, said Moscow had information that rebels in the enclave of eastern Ghouta ...

Amman / WAM King Abdullah II of Jordan has received HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, as part of his visit to Jordan, in the presence of Ayman Al Safadi, Jordanian Minister of Foreign Affairs and Expatriates. Sheikh Abdullah conveyed the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, ...

Dubai / WAM Wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, has broken a Guinness World Records title for the largest aerial projection screen in the sky, in celebration of the Year of Zayed 2018. The record-breaking effort is part of Wasl’s wider efforts to unite the country in commemorating the UAE’s ...

Dubai / Emirates Business The Federation of UAE Chambers of Commerce and Industry in cooperation with the Dubai Chamber of Commerce and Industry, the UAE Ministry of Economy and the SEV Hellenic Federation of Enterprises hosted the UAE-Greek Business Forum in Dubai, which explored trade and investment opportunities in both countries. The forum, held at Dubai Chamber’s premises, was attended ...

DUBAI / Emirates Business In line with its commitment to integrating government agencies and harnessing all expertise to enhance trust among real estate investors, the Dubai Land Department (DLD) has signed a memorandum of understanding (MoU) with the Department of Economic Development (DED) in Dubai through the Real Estate Regulatory Authority (RERA), DLD’s regulatory arm. The MoU focuses on establishing ...