BLOOMBERG Samsung Electronics Co is heading for its lowest profit since the global financial crisis, if not longer, due to a sharp slowdown in tech demand that triggered losses at its semiconductor division. The South Korean chipmaker, which reports preliminary results for the March quarter, is expected to say operating profit plummeted about 90% to 1.45 trillion won ($1.1 billion), …

BLOOMBERG Apple Inc’s slowing growth and cash-rich balance sheet are again fuelling speculation that the world’s most valuable company should make a big acquisition. Entertainment giant Walt Disney Co joined a long list of potential acquisition targets that over the years has grown to include Netflix Inc, Tesla Inc, Peloton Interactive Inc. and Sonos Inc. They all have one thing …

DUBAI / WAM Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has been awarded two prestigious international safety awards. The operator was granted a “Silver” Royal Society for the Prevention of Accidents, UK (RoSPA) award, and the International Safety Award 2023 with “merit” status by the British Safety Council. The two honours were granted in …