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  Bloomberg American International Group Inc. agreed to pay $9.8 billion to Warren Buffett’s Berkshire Hathaway Inc. to take on long-term risks from commercial policies written in prior years. The reinsurance deal transfers liabilities on certain US policies from 2015 and earlier, representing reserves of about $34 billion as of Jan. 1, 2016, New York-based AIG said in a statement. ...

  Bloomberg French lensmaker Essilor International SA agreed to buy Luxottica Group SpA, the maker of Ray-Ban sunglasses, for about 22.8 billion euros ($24 billion) in stock, combining the largest manufacturer and retailer in eyewear. Leonardo Del Vecchio, who created Luxottica in 1961 and controls 62 percent of its stock, will be executive chairman and chief executive officer of the ...

  Bloomberg President Donald Trump mocked protesters who gathered for large demonstrations across the U.S. and the world on Saturday to signal discontent with his leadership, questioning whether they voted and criticizing celebrities who participated in the events. “Watched protests yesterday but was under impression that we just had an election! Why didn’t these people vote? Celebs hurt cause badly,” ...

  Dubai / WAM The Mohammed bin Rashid Smart Council received more than 35,000 innovative and developmental ideas since its launch one year ago. These ideas have been studied by a team of more than 460 employees working in 41 government and private entities- in a bid to maintain the Smart Council’s role as a leading international platforms for ideas. “This ...

  Dubai / WAM The Sharjah’s overall population is 1,405,843 people, according to results of the Sharjah Census 2015. “There are 175,432 Emirati nationals – 86,325 males and 89,098 females – who constitute 12 percent of the overall population. The number of non-national residents is 1,230,417, – 834,542 males and 395,875 females – who form 87 percent of the overall population, ...

  Bloomberg The push to bring self-driving cars to American roads got a significant boost when the nation’s chief auto safety regulator essentially cleared Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The US National Highway Traffic Safety Administration found that the owner of a Tesla Motors Inc. Model S sedan that drove itself into the ...

  SAN FRANCISCO / AP Originally cast in a starring role, Netflix’s original DVD-by-mail service has been reduced to a bit player — one that may eventually get killed off as the company focuses on its booming video streaming service. Netflix’s fourth-quarter earnings report released Wednesday provided the latest glimpse at the DVD service’s descent into oblivion as the streaming ...

  WASHINGTON / AP Pledging emphatically to empower America’s “forgotten men and women,” Donald Trump was sworn in as the 45th president of the United States on Friday, taking command of a riven nation facing an unpredictable era under his assertive but untested leadership. Under cloudy, threatening skies at the West Front of the US Capitol, Trump painted a bleak picture ...

  Dubai / Emirates Business The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands segment at Gulfood 2017. Represented by a contingent of major food industry heavyweights including Unilever, Nestle, Del Monte ...

  Sharjah / Emirates Business Storytelling, theatre and colour were the theme of the recent performance at the International Storytelling Festival, which is taking place at Al Noor Island, Sharjah’s popular tourist and recreational destination. Titled ‘A Palette of Stories’ the activity hosted, Italian directors Paola Balbi and David Bardy, British storyteller Michael Harvey, Singaporean narrator Kavina Ramachandran and Palestinian ...