BLOOMBERG An India appeals court upheld a fine of about $160 million slapped on Alphabet Inc’s Google by the country’s antitrust regulator, amid growing scrutiny over the company’s ambition to expand the global reach of its Android mobile operating system. Yet in a relief for Google, the court allowed some concessions to corrective measures the antitrust regulator had sought. The ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in his capacity as Ruler of Abu Dhabi, has issued an Emiri decree restructuring the Executive Council of Abu Dhabi under the chairmanship of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi. The decree stipulates the ...

ABU DHABI / WAM Adnoc Logistics & Services (Adnoc L&S) has unveiled its Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that enables coordinated end-to-end management of logistics and maritime operations at its base in Mussafah, Abu Dhabi. As part of the launch of the ILSP project, Adnoc L&S confirms that it ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, has issued resolutions, with the approval of the UAE Federal Supreme Council, to appoint His Highness Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister of the United Arab Emirates and Minister of Presidential Court, as UAE Vice President, alongside His Highness Mohammed Bin ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court and Chairman of the Board of Directors of the ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, attended a lecture organised by Majlis Mohamed bin Zayed, titled “Technology & Future Trends: How to Think like a Futurist”, at the Sheikh Zayed Grand Mosque in Abu Dhabi. The lecture was also attended by HH Sheikh Abdullah bin ...

BLOOMBERG Nigeria’s central bank increased the supply of banknotes to lenders to end shortages that have hampered individual and business transactions and crippled the cash-based economy since January. Most lenders including United Bank for Africa Plc Zenith Bank Plc and FBN Holdings Plc called in staff to help customers access cash in banks or via automated teller machines (ATMs). The ...

BLOOMBERG HSBC Holdings Plc’s acquisition of Silicon Valley Bank’s UK arm made “great sense” from a business perspective and had nothing to do with pressure from regulators, according to Antony Shaw, chief executive officer of the bank’s Australia unit. “It’s an opportunity that doesn’t come along very often,” Shaw said via video from Hong Kong at an AFR banking summit. ...

BLOOMBERG French banks including Societe Generale SA and BNP Paribas SA face collective fines of more than 1 billion euros ($1.1 billion) as part of a probe into tax fraud and money laundering related to dividend payments. HSBC Holdings Plc, Natixis SA and BNP’s Exane unit are also part of the investigation, according to the prosecutors’ office in Paris, which ...

ABU DHABI / GULF TIME Khalifa Saif Almuheirbi, Chairman of the Arabian Gulf Investments Company, affirmed that the cabinet’s decisions approving 24 national initiatives to double re-exports from the UAE by 100% will contribute to strengthening the country’s economic position and placing it among the global countries. Almuheirbi stated that considering the year 2023 the strongest economically shows the huge ...