Bloomberg Samsung Electronics Co has suspended product shipments to Russia due to current geopolitical developments, joining a growing list of companies from Apple Inc to Microsoft Corp that are halting sales and services in the country following its invasion of Ukraine. The South Korean tech giant is actively monitoring the complex situation, the company said in an emailed statement to ...

  Bloomberg Panasonic Corp plans to build a US factory to supply Tesla with lithium-ion batteries, Japanese national broadcaster NHK reported, seeking to ramp up production to meet anticipated demand for electric vehicles. The Japanese electronics conglomerate is looking at sites in Oklahoma and Kansas to build the plant, NHK reported, citing a person it didn’t identify source. Tesla is ...

Bloomberg Apple Inc shareholders approved outside proposals recommending audits of the company’s civil-rights impact and a public report on its use of concealment clauses in employment agreements, marking a rare instance of investors defying the tech giant. The votes were part of Apple’s annual shareholder meeting, held virtually for the second year in a row. Investors also reelected the company’s ...

Bloomberg Verizon Communications Inc expects revenue growth of about 4% annually in 2024 and beyond, driven by gains from its new 5G mobile phone services. Service and other revenue is expected to grow about 3% in 2022 and 2023 and 4% in 2024, Matt Ellis, chief financial officer, told investors at a conference. Analyst had expected gains of about 2% ...

  Bloomberg Oil climbed, ending a week in which it swung by more than $20 a barrel after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch. Futures in New York and London were up about 3% on Friday. Brent, the global benchmark, has traded in the biggest range since the launch of the futures ...

  ABU DHABI / WAM The UAE has sent a plane carrying 46 tonnes of food supplies to Malawi, as part of the UAE’s ongoing assistance to friendly countries. This supports their efforts to meet children’s needs for food and nutritional supplements in the African nation. “Sending essential food supplies to the friendly Republic of Malawi is an embodiment of the ...

  DUBAI / WAM The month of February saw the Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion, as global markets responded to rising inflation, mounting oil prices as well as the Russian — Ukrainian conflict, which resulted in continued volatility during the last week of the month. The exchange registered a monthly ...

  DUBAI / WAM Dubai Chamber of Commerce recently hosted a delegation from the Tanzania Chamber of Commerce, Industry & Agriculture at its headquarters, where it shared best international practices adopted in digital services, membership and smart transformation. Atiq Juma Nasib, Senior Vice President for Commercial Services at Dubai Chamber of Commerce; and Abdulla Al Theeb, Director of Membership and ...

  DUBAI / WAM The Federation of UAE Chambers of Commerce & Industry has held a working meeting with officials of the Chamber of Commerce and Industry of the Kyrgyz Republic and major Kyrgyz companies. During the meeting, the parties discussed ways to develop and strengthen trade and investment markets between the UAE and Kyrgyzstan. Humaid Mohammed bin Salem, Secretary-General ...

  DUBAI / WAM Dubai International Boat Show (DIBS) is set to return from March 9-13, uniting the global maritime and leisure industry and underlining the importance of sustainability with a range of interactive features and 34 launches throughout the five-day show. Running at its new Dubai Harbour home, the 28th edition of the showcase is the Mena yachting industry’s ...