Bloomberg The global semiconductor shortage will slash earnings at General Motors Co. and Ford Motor Co. by about one-third this year as supply constraints hamper production and profits, Moody’s Investor Service estimates. The chip shortage will materially erode margins and could lower expected earnings before interest and taxes by as much as $2 billion for GM and $2.5 billion for ...

Bloomberg Apple Inc. is working on a magnetically attached battery pack for the newest iPhones, an accessory that would wirelessly charge the handset and provide the company with another potentially lucrative add-on product. Apple has been developing the attachment for at least a year and it has been scheduled to launch in the months following the release of the iPhone ...

ABU DHABI / WAM The fourth day of the International Defence Exhibition (Idex) and the Naval Defence Exhibition (Navdex) 2021 has seen the UAE Armed Forces sign 24 new deals, worth AED2.140 billion, with local and international companies. The cumulative value of deals signed at Idex, Navdex is now AED20.053 billion. Staff Brigadier-General Mohammed Al Hassani, Official Spokesperson of the ...