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Bloomberg Ola, Uber Technologies Inc’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five smaller UK cities. The Bangalore-based startup commenced operations in Liverpool last month, having established its first European business in Cardiff in August and later added Bath, Bristol and Exeter. Reading and ...

Bloomberg If France is trying to keep Huawei Technologies Co out of its next-generation telecommunications networks, it’s doing it a lot more subtly than the US. The country’s parliament was expected to start to debate on Wednesday a bill aimed at tightening security around its 5G networks after an earlier version was rejected in February by senators for the government’s ...

Bloomberg Britain’s Brexit turmoil inflicted further damage on the economy last month as the nation’s huge services sector shrank for the first time in more than 2 1/2 years. With parliament gridlocked and Britain’s short-term future increasingly uncertain, companies and households held back spending in March, IHS Markit said. Its Purchasing Managers’ Index indicates that the economy shrank last month ...

Bloomberg Most major automakers capped the first quarter with declining US sales again in March, as the sugar high from last year’s tax cuts wore off and the economy lost steam. Fiat Chrysler Automobiles NV, Nissan Motor Co and Toyota Motor Corp each reported deliveries dropped for the month and are down year-to-date. General Motors Co, which releases results only ...

Bloomberg President Nicolas Maduro’s Constituent Assembly, stacked with socialist-party loyalists, stripped opposition leader Juan Guaido of his immunity from prosecution, as the government ratchets up pressure against the congressman seeking to oust the country’s ruling autocrat. The Constituent Assembly, an all-powerful political body set up in 2017 to bypass the National Assembly, voted unanimously to act on the recommendation of ...

Abu Dhabi / WAM A number of new UAE Ambassadors to brotherly and friendly countries were sworn in on Tuesday before His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at the Presidential Palace in Abu Dhabi. The ceremony was attended by Dr Amal Abdullah Al Qubaisi, Speaker of Federal ...

Dubai / WAM His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum opened on Tuesday Dubai’s Future Blockchain Summit,the region’s most influential event dedicated to the growing online ledger. The second annual event, which is being hosted by the Smart Dubai Office in partnership with the Dubai World Trade Centre, will host the region’s largest gathering of blockchain experts, ...

SHARJAH / WAM The 46th Watch & Jewellery Middle East Show was inaugurated on Tuesday by Sheikh Salem Bin Abdul Rahman Al Qasimi, Chairman of the office of His Highness the Ruler of Sharjah, in the presence of senior government officials, SCCI board members, diplomats, jewellery executives and industry representatives. Held under the patronage of HH Dr Sheikh Sultan bin ...

ABU DHABI / WAM The Khalifa Fund for Enterprise Development (KFED), participated in the sixth edition of the Global Forum for Innovations in Agriculture (GFIA) and showcased three innovative agricultural projects it supports as part of its endeavours to assist Emirati entrepreneurs, promote innovation and creativity, and help enhance the competitiveness of small and medium-sized enterprises (SMEs), across the different ...

Bloomberg Foxconn Technology Group is within weeks of starting trial production of the latest iPhones in India as Apple Inc seeks to revive its fortunes in the country, people familiar with the matter said. The trial run of the iPhone X range of devices would come before Foxconn starts full-scale assembly at its factory outside the southern city of Chennai, ...