Bloomberg China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co to Baidu Inc plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport. While Apple Inc has long had plans for its own car and Alphabet Inc ...

Bloomberg Sony Group Corp warned a group of analysts the PlayStation 5 (PS5) will remain in short supply through 2022, suggesting the company will be constrained in its ability to boost sales targets for its latest games console. While reporting financial results in late April, the Japanese conglomerate said it had sold 7.8 million units of the console through March ...

Bloomberg After building the world’s biggest clothing empire without using TV and billboard ads, the owner of fashion brand Zara is trying another way to market its dresses, jeans and jackets — video games. Spain’s Inditex SA is responding to the shift from physical stores to online sales by teaming up with Facebook and Instagram to develop “Pacific Game” to ...

Bloomberg Amazon.com Inc. is deepening its ties with Ford Motor Co. in a deal that will integrate Alexa into the entertainment system of F-150 trucks and other models. Amazon’s digital assistant will roll out to about 700,000 Ford vehicles this year, including new and recent models of the pickup, as well as the Bronco and the electric Mustang Mach-E in ...

Bloomberg Hyundai Motor Group, which owns both the Hyundai and Kia car brands, said it will build electric vehicles in the US as part of a $7.4 billion investment that also covers hydrogen refuelling stations and unmanned flying taxis. The investments will be made through 2025, Hyundai said in a statement. It didn’t specify how much money would go to ...

Bloomberg Crude oil climbed along with gasoline in New York after a cyberattack put the largest oil-products pipeline in the US out of action. West Texas Intermediate and Brent both rose as gasoline surged as much as 4.2% to the highest since May 2018, before paring gains. Colonial Pipeline Co, a supplier of gasoline, diesel and jet fuel to the ...

SINGAPORE / WAM Jamal Abdullah Al Suwaidi, UAE Ambassador to the Republic of Singapore, has met with Grace Fu, Singaporean Minister of Sustainability and the Environment, to discuss means to further develop bilateral ties. The parties also reviewed ways to further promote cooperation between the UAE and Singapore, especially in the fields of environment and sustainable development. Al Suwaidi discussed ...

SHARJAH / WAM Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, and Simon Penney, UK Trade Commissioner for the Middle East and Consul-General in Dubai and the Northern Emirates, have discussed ways to expand trade, investment, and cultural cooperation between Sharjah and Edinburgh, capital of Scotland in the UK. Al Qasimi emphasised that Edinburgh, ...

Abu Dhabi / WAM The moon-sighting committee has invited all Muslims in the UAE to sight the crescent of the month of Shawwal on Tuesday evening, 29th Ramadan, 1442 H, which corresponds to May 11. The committee requested anyone who sees the crescent to contact the number 026921166 to be directed to the nearest court to record the testimony.

ABU DHABI / Emirates Business The National Takaful Company (Watania) on Monday announced financial results for the quarter ended March 31, reporting a net profit of AED 3.9 million which is an increase of 74% compared to the same quarter last year. “Despite the challenges faced by the insurance industry, the National Takaful Company (Watania) delivered a strong financial performance ...