BLOOMBERG Prime Minister Fumio Kishida’s ruling party won at least one of five Japanese by-elections but faced close races in the others, public broadcaster NHK said, with the results seen as key to his decision on election timing. The premier’s ruling Liberal Democratic Party (LDP) is fighting to keep the three seats it previously held of the five. Managing to ...

BLOOMBERG Prime Minister Giorgia Meloni is getting dragged into the escalating tensions between Washington and Beijing as she tries to disentangle Italy from its close relationship with China. Meloni, the right-wing leader who came to power less than a year ago, is leaning towards pulling out of an agreement to join China’s controversial Belt and Road Initiative, which has funded ...

BLOOMBERG Greek PM Kyriakos Mitsotakis confirmed a general vote on May 21, completing the formal process to call for an election that will take place in the aftermath of a deadly train crash which has shaken the country. The country is today very close to recovering its investment grade, a development that will mean lower borrowing costs for the state, ...

BLOOMBERG A new electric hatchback starting from just 78,800 yuan ($11,450) from BYD Co is set to intensify competition in China’s already crowded entry-level car market. Unveiled at the Shanghai auto show, the Seagull drew big crowds with its neon yellow exterior and budget price tag. The 55kW motor provides around 190 miles (300 kilometres) of charge at a top ...

BLOOMBERG The pay package awarded to Alphabet Inc Chief Executive Officer Sundar Pichai soared to $226 million in 2022, boosted by a triennial stock grant, making him one of the world’s highest-paid corporate leaders. The stock award portion of his pay amounted to $218 million, according to a filing from the Google parent company. He received a total of $6.3 ...

BLOOMBERG Chief Executive Officer Tim Cook officially opened Apple Inc’s first company-owned store in India, betting the iPhonemaker’s retail outlets will help accelerate sales growth. Cook, dressed in gray pants, blue half-sleeve shirt and sneakers, hugged the first customers and posed for selfies with them at the shop’s launch in the financial hub of Mumbai. Dozens of staff dressed in ...

BLOOMBERG It would likely cost more than $130 billion a year to end deforestation by the end of this decade, according to a report from a group of financiers, energy industry executives and academics. The Energy Transitions Commission (ETC), which counts senior BP Plc and BlackRock Inc employees among its members, said the analysis is a first-of-its-kind estimate of how ...

ABU DHABI / WAM With the close of Ramadan around the corner, Qasr Al Watan, also known as the Palace of the Nation, in Abu Dhabi is set to welcome visitors during Eid Al Fitr. Visitors will have unique cultural experience steeped in Arabian heritage and artistry at Qasr Al Watan, with its truly stunning architecture and interiors, engaging exhibitions ...

PRETORIA / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a delegation of UAE government officials and business leaders to South Africa to enhance trade and investment opportunities between the two countries, and promote development in key sectors such as logistics, food production, tourism and energy. During the visit, Dr Al Zeyoudi held ...

ABU DHABI / WAM M42, an Abu Dhabi-based tech-enabled healthcare company, on Wednesday announced that it has acquired Diaverum, a leading global renal care service provider, from Bridgepoint Group. Founded in 1991, Diaverum is currently the world’s third-largest provider of dialysis services, operating across 23 countries, with 440 clinics and over 13,000 employees. Diaverum is led by a highly experienced ...