Bloomberg Yi Wang was hearing the same refrain over and over: Why are English classes in China so expensive? And why aren’t I proficient yet? The former Google product manager decided to do something about it and started an app called LiuLiShuo, which basically means “speaking fluently” in Mandarin. The app, which claims more than 30 million users, is ...

  Emirates Business Saudi Arabia’s thriving auto aftermarket trade, valued at nearly US$2.6 billion in 2015, has attracted the attention of global manufacturers, as they lay down plans to grow their business interests at the Kingdom’s dedicated aftermarket industry trade show. Figures released by Saudi’s General Authority for Statistics provide a graphic sketch of the importance of the Kingdom’s vast ...

  Bloomberg Offshore oil-rig operators, grappling with the biggest industry downturn in a generation, say they finally have the bottom in sight. The problem is, they could be stuck there for a long time. Transocean Ltd., which owns the biggest offshore-rig fleet in the world, believes utilization for floating units will reach bottom toward the middle of next year, Chief ...