Bloomberg Auto CEOs warned for years about effects a costly transition to electric vehicles would have on their margins. But ahead of its landmark potential listing, Porsche is telling investors it can become more profitable focusing on battery power. The Volkswagen-owned sports-car maker sees more potential to raise prices of its EVs than its combustion engine models, Chief Financial …

  Bloomberg Snap Inc falls to its lowest level in more than two years after the company reported disappointing sales, roiled by a major slowdown in ad spending and rising competition for dwindling marketing dollars. Shares of Meta Platforms Inc and Alphabet Inc falls in tandem. Second-quarter revenue grew 13% to $1.11 billion, the company said, falling short of analysts’ …

  Dubai / Gulf Time Emirates will increase the frequency of its services to/from London Gatwick airport with the addition of a third daily flight, effective July 27 until August 3. This third daily flight will help serve high demand from customers travelling to and from London this summer. It will also provide additional seats to accommodate Emirates passengers affected …