Bloomberg Auto CEOs warned for years about effects a costly transition to electric vehicles would have on their margins. But ahead of its landmark potential listing, Porsche is telling investors it can become more profitable focusing on battery power. The Volkswagen-owned sports-car maker sees more potential to raise prices of its EVs than its combustion engine models, Chief Financial ...

  Bloomberg Snap Inc falls to its lowest level in more than two years after the company reported disappointing sales, roiled by a major slowdown in ad spending and rising competition for dwindling marketing dollars. Shares of Meta Platforms Inc and Alphabet Inc falls in tandem. Second-quarter revenue grew 13% to $1.11 billion, the company said, falling short of analysts’ ...

  ABU DHABI / WAM Xavier Chatel, French ambassador to the UAE, described the visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to France as successful and important in all domains, especially as it is the first official visit of His Highness as UAE President. The visit also underscores the deep-rooted friendship and cooperation between the two ...