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Toyota soars on optimism over EV plans

BLOOMBERG  Toyota Motor Corp posted its biggest two-day gain in three years, fuelled by an aggressive messaging campaign around the Japanese carmaker’s electric-vehicle strategy, a drama-free shareholders’ meeting and a broader global stock rally. Shares in the world’s largest carmaker are up 12%, their biggest jump since March of 2020, with the reappointment of Chairman Akio Toyoda adding to the ...

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Arm courts Intel as anchor investor in upcoming IPO

BLOOMBERG  Arm Ltd, the chip designer backed by SoftBank Group Corp, is in talks with potential strategic investors including Intel Corp to anchor what will be one of the largest initial public offerings of the year, people familiar with the matter said. UK-based Arm has held talks with other companies about participating in the IPO, according to the people, who ...

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UAE President receives distinguished scholarship programme graduates

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed a delegation of accomplished graduates from the scholarship programme organised by the Ministry of Education. The meeting took place at Qasr Al-Bahr, where His Highness expressed his congratulations to the graduates for their outstanding achievements and commended their dedication and commitment to excellence throughout their academic journey. His ...

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