Uber is currently in trouble for, well, a lot of things, but one particularly problematic thing is the claim that the ride-hailing company acquired trade secrets stolen from Waymo, the self-driving car unit of Google parent Alphabet Inc. It’s also a case where Uber isn’t the one behaving badly. According to a lawsuit filed by Waymo, employees swiped files ...

  Bloomberg Airbus SE’s expansion into Boeing Co.’s home market faces a potential setback as Delta Air Lines Inc. reviews a $14 billion purchase of the European planemaker’s two newest wide-body models. The Atlanta-based carrier, known as an influential and shrewd aircraft buyer, is studying its twin-aisle orders amid signs the long-range travel market is saturated, Ed Bastian, Delta’s chief ...

  Bloomberg Cathay Pacific Airways Ltd. named Rupert Hogg as its chief executive officer, replacing Ivan Chu, as Asia’s biggest international airline struggles to revive earnings after reporting its first annual loss in eight years. Hogg, 55, chief operating officer since March 2014 and a 30-year veteran at parent Swire Group, will take over May 1, Hong Kong-based Cathay said ...

  Bloomberg Carrefour SA’s plan to sell shares in its Brazilian unit got a boost as the retailer’s sales in the country surged, flying in the face of record unemployment and a weakening economy. Revenue in Brazil rose 5.6 percent on a like-for-like basis in the first quarter, outpacing the 1.4 percent gain in group sales, the French grocer said ...

  Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, launched on Wednesday the UAE National Space Program and approved the program’s strategy. The ...

  SHARJAH / WAM Sharjah FDI Office Invest in Sharjah the entity responsible for intensifying the Sharjah Government’s efforts to promote the emirate’s business and investment opportunities in key international markets, concluded its maiden trade mission to Italy. During their three-day promotional tour from April 10-12, Invest in Sharjah organised a Sharjah-Italy Seminar in the city of Padua, and participated ...

  ABU DHABI / WAM The Union National Bank (UNB) on Wednesday reported a net profit of AED452 million in the first three months of 2017, compared to AED 450.0 million in the same period a year ago, according to the bank statement on April 12. Mohammad Nasr Abdeen, Chief Executive Officer, UNB, said, “The liquidity situation in the market ...

  DUBAI / WAM Saudi Arabia’s debut US Dollar-denominated Islamic bond has attracted more than US$25 billion of investor orders so far, according to Bloomberg. The fall in global oil prices has prompted the kingdom to prepare what may be the world’s largest initial public offering of state-owned oil company, Saudi Arabian Oil Co, Aramco. The company last week sold ...

  Abu Dhabi / WAM Arab economies are projected to grow by 2.3 percent in 2017 as a result of the decline in growth rate of the Arab oil-exporting countries to 1.8 percent. This is due to the decline of oil production reflecting the commitment of these countries to the OPEC agreement to adjust production quantities to balance the world oil ...

  Abu Dhabi / WAM In his capacity as Chairman of the Executive Council of Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, issued a resolution restructuring the Abu Dhabi Media Company’s board of directors under the chairmanship of Noura Mohammed Al Kaabi. The resolution ...