Bloomberg Ford Motor Co is boosting its electric-vehicle lineup with seven new models over the next two years across its passenger car and commercial van range to target sales of more than 600,000 battery-powered vehicles. The US carmaker is also doubling to $2 billion its planned investment at its key European production site in Cologne, Germany, to make electric ...

  Bloomberg Sony Group Corp. introduces a new video game subscription service for the PlayStation, said people familiar with the plans. The service, which has been in development under the codename Spartacus, is Sony’s answer to Microsoft Corp.’s Xbox Game Pass, a sort of Netflix for video games that has amassed more than 25 million subscribers. Sony’s will debut with ...

Bloomberg Apple Inc is exploring new sources of the memory chips that go into iPhones, including its first Chinese producer of the critical component, after a disruption at a key Japanese partner exposed the risks to its global supply. It’s considering expanding a roster of suppliers that already includes Micron Technology Inc. and Samsung Electronics Co. after Kioxia Holdings Corp. ...

  Bloomberg Toyota may stop manufacturing in the UK because of a government policy that mandates a rapid switch to fully electric vehicles, the Times of London reported. The company told Transport Secretary Grant Shapps about its concerns for the plan’s transition phase, which bans new gasoline and diesel cars from 2030. While hybrid vehicles will be allowed until 2035, ...

  Abu Dhabi / WAM AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, has partnered with UAE-based, multi-business conglomerate Ghassan Aboud Group to establish one of the region’s largest automotive export and distribution hubs in Kizad. The launch was announced at the official ceremony held in Abu Dhabi in the presence of key stakeholders and officials. ...

Bloomberg Oil headed for the biggest weekly loss in almost two years after the Biden administration ordered an unprecedented release of the US strategic reserves to tame rampant prices. West Texas Intermediate futures swung between gains and losses Friday, and were down about 13% this week, the most since April 2020. The US plans to release 1 million barrels a ...

  DUBAI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has sent congratulatory messages to the Kings, Emirs and Presidents of Arab and Islamic nations, on the advent of the Holy Month of Ramadan. His Highness Sheikh Khalifa wished the leaders and their peoples continued good health and well-being, and further progress and prosperity for Arab and ...

  DUBAI / WAM A total 2,135 real estate transactions worth AED8.2 billion in total were conducted during the week ending April 1, according to figures released by the Dubai Land Department. A total of 247 plots were sold for AED1.45 billion, and 1,423 apartments and villas were sold for AED3.09 billion. The top three transactions were a land in ...

  ABU DHABI / WAM twofour54, the Abu Dhabi-based media, entertainment, and gaming hub, has announced that it is expanding its world-class production facilities through pioneering Virtual Solutions. Launched in partnership with the Canadian media firm Ross Video, the new offering includes Virtual Studios, Virtual Production services, and Extended Reality features. Featuring the latest 3D graphics and augmented reality (AR) ...

DUBAI / WAM flydubai announced on Friday the start of flights to Pisa in Italy, becoming the first UAE carrier to operate this route from Dubai. The carrier will also resume its operations to Catania in Sicily growing its network in Italy to three points including Naples. Flights to Pisa International Airport (PSA) and Catania International Airport (CTA) start on ...