Bloomberg Ferrari plans to significantly expand its factory in northern Italy as part of the electrification strategy it will unveil during a highly anticipated briefing next week. The supercar manufacturer has snapped up space near its Maranello plant and started clearing way for a third production line that will be dedicated to making hybrid and electric vehicles. The expansion ...

  Bloomberg Facebook parent company Meta Platforms Inc has halted development of a smartwatch with dual cameras and is instead working on other devices for the wrist, according to a person with knowledge of the matter. The device, which has been in development for at least two years, was designed to include several features common in other smartwatches, including activity ...

  ABU DHABI / WAM The United Arab Emirates has been ranked as the best country in the Arab World in terms of attraction of Foreign direct investment (FDI) for 2021, according to the newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2022. The UAE remained the largest recipient of FDI with flows increasing from ...