Bloomberg The Italian government may move as soon as this weekend to impose lockdowns on several cities hit hardest by the coronavirus outbreak, Corriere della Sera reported on Saturday. Italy, which has been under a partial lockdown for last week, could also add measures including a ban on travel between regions “in coming hours,” the daily reported, citing increased pressure ...

Bloomberg Ships carrying cargoes around the world are waiting for days to pass through the Panama Canal, as pandemic-hit staffing caused congestion at the key pinch point. Long waiting times are affecting shipments of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) from the US Gulf Coast to Asia, according to people with direct knowledge of the situation. The ...

Bloomberg This is not a list of bad cars. The Chevrolet Corvette, the McLaren 570S, and Lotus Evora, for example, are among the most athletic, fun-to-drive vehicles on market today. But the ability to provide a thrilling experience from behind the wheel doesn’t mean a car sailed through the interior design portion of the test. Engineering prowess doesn’t always transfer ...

Bloomberg Apple Inc. is planning updates to its AirPods earbuds next year, seeking to capitalise on the success of a product that has become an important source of growth. The Cupertino, California-based technology giant is working on two new models: third-generation entry-level AirPods and the second version of the AirPods Pro earbuds, according to people familiar with the plans. The ...

Bloomberg Tesla Inc. secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, according to people familiar with the matter. The automaker held discussions in recent months with Cypress Development Corp., which is seeking to extract lithium from clay deposits in southwest Nevada, but the parties didn’t reach a deal, the people said, ...

Bloomberg Microsoft Corp.’s first-quarter revenue climbed a better-than-projected 12%, strengthened by corporate demand for cloud-computing services to support customers’ remote workers and move more of their business online. Sales in the period that ended September 30 rose to $37.2 billion, the software maker said in a statement. That exceeded the $35.8 billion average estimate of analysts polled by Bloomberg, and ...

Bloomberg Sony Corp. raised its fiscal-year operating profit outlook by 13% to $6.7 billion as its video game unit rode a surge in demand for entertainment from home-bound consumers. The forecast, up from a previous 620 billion yen, surpassed the average analyst expectation of 658.9 billion yen and precedes the PlayStation 5’s highly anticipated November debut. Sony aims to sell ...

Abu Dhabi / WAM Abu Dhabi’s trade in pearls, precious stones and metals has witnessed significant activity in the first five months of this year, rising to AED8.8 billion, a 25.7 percent increase compared to AED7 billion in the same period of 2019, according to the Abu Dhabi Statistics Centre. This significant jump reinforces the position of the emirate and ...

Bloomberg Oil falls sharply with broader markets as renewed restrictions on movement in Europe clouded the outlook for the consumption once again. Crude futures in New York fall 4.6%, while those in London retreated below $40 a barrel, the lowest since October 5. Germany is proposing widespread curbs for a month, while France is preparing tougher restrictions that may include ...

Abu Dhabi / WAM The Abu Dhabi Department of Economic Development (Added) announced the implementation of the Foreign Direct Investment Law within the emirate of Abu Dhabi by issuing the “Foreign Direct Investment License” which will enable investors to hold 100 per cent ownership of their businesses in Abu Dhabi. The license covers 122 different economic activities related to the ...