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Bloomberg Unilever agreed to buy a South Korean cosmetics maker for $2.7 billion to gain a stronger foothold in the world’s fourth-largest skincare market, betting that the pop-culture-fuelled appeal of the country’s beauty products will outweigh concerns over tensions. Unilever will buy Carver Korea, maker of AHC skincare products, from shareholders including Goldman Sachs Group Inc. and Bain Capital Private ...

Bloomberg Tata Motors Ltd., the owner of luxury car brands Jaguar Land Rover, is building a war chest that will allow it to expand its business and acquire rivals. Cash and equivalents at the Indian maker of the Tiago and Hexa cars surged 87 percent to 397.6 billion rupees ($6.2 billion) as of June 30 from a year earlier, according ...

­­­­­­­­­­­Bloomberg Swiss engineering company ABB Ltd. agreed to buy General Electric Co.’s industrial solutions business for $2.6 billion to strengthen its foothold in the US, the world’s biggest market for electrification products like circuit breakers and switchgears. ABB will incur costs of $400 million over five years to integrate GE’s industrial solutions unit, Chief Executive Officer Ulrich Spiesshofer told journalists ...

Bloomberg Silicon Valley spent more than a decade finding ways to give company founders more control. When Facebook Inc. tried to follow suit, shareholders pushed back. Google started it with a 2004 initial public offering that gave co-founders Larry Page and Sergey Brin voting rights well beyond their economic stakes in the search giant. Groupon Inc., Zynga Inc. and Facebook ...

Bloomberg Storm watches have been issued for North Carolina as the US is threatened by a hurricane for the fourth time in a month. Tropical storm watches, meaning winds of at least 63 kilometres per hour could reach the coast of North Carolina as early as Tuesday, have been posted from Surf City to the Virginia border, the US National ...

New York / WAM The UAE has announced its intention to make two financial donations to the United Nations; US$15 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), to help in its basic programmes for Palestinian refugees, and another $15 million will be allocated to support UN Women over the next ...

Kerala / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, accompanied by HH Sheikha Jawaher bint Mohammed Al Qasimi, wife of HH the Ruler of Sharjah and Chairperson of the Supreme Council for Family Affairs, on Sunday arrived at Trivandrum International Airport in Kerala, India. The two-day official visit came following ...

Dubai / WAM The Dubai Maritime City Authority (DMCA) will highlight new global maritime innovation at the 2nd Dubai Maritime Agenda. Held under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the event will open its doors in next month to explore major opportunities in the ...

Abu Dhabi / WAM The UAE on Sunday announced the first five projects under the $50 million UAE-Caribbean Renewable Energy Fund across Antigua and Barbuda, Bahamas, Barbados, Dominica, and St. Vincent and the Grenadines. The projects will significantly reduce energy costs in the region, as well as improve resilience to natural disasters, such as Hurricane Irma. Announced in January 2017, ...

Bloomberg Chancellor Angela Merkel was chastised by German voters who elected her to a fourth term with her party’s worst result since 1949, after an election that lifted a far-right party into parliament in a sign of the growing polarisation in Europe’s biggest economy. Sunday’s federal ballot saw support for the two main parties— Merkel’s Christian Democrat-led bloc and Martin ...