Bloomberg The kingdom of Saudi Arabia has issued an order allowing women to drive, ending a long-standing policy. It’s also a royal opportunity for global automakers eager to make further inroads into the Middle East’s biggest economy. Saudi Arabia’s move to open up its auto market to about half of its 32 million total population will have a profound impact ...

Bloomberg Billionaire Li Ka-shing’s CK Hutchison Holdings Ltd. and Jack Ma’s Ant Financial unit will form a joint venture to offer a digital wallet service in Hong Kong. The wallet will come under the AlipayHK brand which was already launched in May, CK Hutchison said. The mobile app will allow users to make in-store payments in 4,000 retail outlets and ...

Bloomberg Nike Inc.’s US business continued to sputter last quarter, putting more pressure on its operations in Asia and Latin America to pick up the slack. The world’s biggest sportswear maker relied on strong overseas growth—especially in China—to overcome a weakening US business and help it post first-quarter profit that topped estimates. The company also cited a move to streamline ...