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 ...

ABU DHABI / WAM Abu Dhabi Airports issued on Wednesday its projected passenger figures in anticipation of an increase in traffic at Abu Dhabi International Airport (AUH) during Eid Al Fitr. During the period from April 15-23, Abu Dhabi Airports estimates over 500,000 passengers passing through Abu Dhabi International Airport (AUH), with over 2,800 flights serving 105 destinations in 57 ...

ABU DHABI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, COP28 President-Designate, and UAE Governor of the Asian Infrastructure Investment Bank (AIIB); and Jin Liqun, President of AIIB, signed the Host Member Agreement for establishing the AIIB’s Interim Operational Hub in the UAE on the Abu Dhabi Global Market, AIIB’s first overseas office. On ...

ABU DHABI / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, met on Wednesday at Qasr Al Watan Palace, Akylbek Japarov, Chairman of the Cabinet of Ministers of the Kyrgyzstan. At the beginning of the meeting, HH Sheikh Mansour welcomed the Prime Minister of Kyrgyzstan and his accompanying delegation, expressing UAE leadership’s interest in further strengthening the ...