Bloomberg Saudi Arabia’s growth this year will be “significantly higher” than the International Monetary Fund’s new forecast, according to Finance Minister Mohammed Al-Jadaan. Economic expansion will be “north of 1 percent,” Al-Jadaan said in an interview at the World Economic Forum in Davos, Switzerland. The IMF lowered its forecast to 0.4 percent from 2 percent in its World Economic ...

  Bloomberg Qualcomm Inc. forced Apple Inc. to use its chips exclusively in return for lower licensing fees, unfairly cutting out competitors, the US said in a lawsuit against the biggest maker of mobile phone chips. Qualcomm’s exclusive deal with Apple was detailed in a Federal Trade Commission lawsuit accusing the chipmaker of illegally maintaining a monopoly for semiconductors used ...

  Bloomberg The cost of living in the US climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve’s goal. The consumer-price index rose 0.3 percent in December, matching the median projection of economists, after a 0.2 percent gain the previous month, Labor Department figures showed on Wednesday in Washington. ...