Bloomberg French new car registrations soared 569% in April to 140,428 vehicles, rebounding from a year earlier when the coronavirus pandemic shut showrooms and auto factories. Registrations fall 25% compared with April 2019, showing that the vehicle market hasn’t yet recovered to pre-Covid levels, the CCFA association of carmakers said in a statement. The same trend was evident in the ...

Bloomberg Huawei Technologies Co.’s revenue shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business. Huawei reported a 17% decline in sales to $23 billion in first three months of this year, the company said in a statement. That follows a 11% decline in revenue for the three months ended December. Its profit ...

DUBAI / WAM The distribution of food has begun in three African countries namely Ghana, Angola and Uganda targeted under the ‘100 Million Meals’ campaign, which aims to provide food aid for disadvantaged communities in 30 countries. The campaign’s organiser, Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), is collaborating with local food banks and charities in the beneficiary countries ...