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Fiat seeks state-backed loan of $6.8b amid virus

Bloomberg Fiat Chrysler Automobiles NV is in talks to obtain a state-backed credit line of about 6.3 billion euros ($6.8 billion) to buttress the carmaker’s finances against the steep downturn caused by the coronavirus, according to people familiar with the matter. Fiat’s local unit is discussing the facility with lead lender Intesa Sanpaolo SpA, the people said, asking not to ...

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Ubisoft Sues Apple, Google Over Alibaba’s Rainbow Six “Ripoff”

Bloomberg Ubisoft Entertainment SA sued Apple Inc. and Google LLC, accusing the companies of selling a ripoff of its popular video game “Tom Clancy’s Rainbow Six: Siege.” “Area F2,” created by Alibaba Group Holdings Ltd.’s Ejoy.com, is a “near carbon copy” of Rainbow Six: Siege, and that can’t be “seriously be disputed,” Ubisoft said in a complaint filed Friday in ...

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Abu Dhabi’s external foodstuff trade hits AED4.7 billion in Q1

Abu Dhabi / WAM Abu Dhabi external foodstuff trade amounted to over AED 4.663 billion during the first quarter of the current year 2020, while the overall weight of the Emirate’s foodstuff trade in the same period reached more than 1.18 million tonnes through 41,430 transactions. Abu Dhabi’s foreign trade distributed from foodstuff to imports at a value of over ...

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