Bloomberg Shortages in the semiconductor industry, which have already slammed automakers and consumer electronics companies, are getting even worse, complicating the global economy’s recovery from the coronavirus pandemic. Chip lead times, the gap between ordering a chip and taking delivery, increased to 17 weeks in April, indicating users are getting more desperate to secure supply, according to research by Susquehanna ...

Bloomberg Jaguar Land Rover’s (JLR) Indian owner reported a pretax profit in three months through March as a recovery in Chinese demand lifted sales of the automaker’s luxury sports cars and SUVs. Tata Motors Ltd posted fourth-quarter earnings of 57 billion rupees before tax and one-time items, rebounding from a loss of 65 billion rupees a year earlier. Revenue soared ...

ABU DHABI / WAM UAE Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1, allowing foreign investors and entrepreneurs to establish and fully own onshore companies. The UAE government has recently adopted an amendment to the Commercial Companies Law allowing 100 percent foreign ownership of companies. Abdulla bin Touq Al Marri, Minister ...