BLOOMBERG Adobe Inc’s $20 billion buyout of Figma Inc, a smaller maker of cloud-based design software, risks being derailed by European Union merger watchdogs unless the firms fix a list of competition concerns highlighted by the bloc’s antitrust arm. The European Commission issued a so-called statement of objections, highlighting how Adobe’s largest deal ever could imperil fair competition in the …

BLOOMBERG Xiaomi Corp posted its first revenue gain in almost two years, a welcome boost for a smartphone maker that’s begun aggressively attacking its Chinese rivals with higher-end models at home and abroad. It posted sales of 70.9 billion yuan ($9.9 billion) for the September quarter, versus average projections for 70.5 billion. Net income was 4.9 billion yuan, compared with …

SHARJAH/ WAM H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Sunday morning Al Tayyari Mosque. Located on the Corniche Road in the Mahlab area of Dibba Al Hisn, this mosque has the capacity to accommodate 800 worshippers, offering both indoor and outdoor prayer areas. Upon his arrival, the Ruler of Sharjah …