Bloomberg Estee Lauder Cos. Chief Executive Officer Fabrizio Freda apologized for false ad claims on certain cosmetics and said a comprehensive review is under way. “We recently learned that some testing related to certain products advertising claims had been intentionally altered for some time by a small group of employees,” Freda said on a conference call with analysts. “This clearly …

MEXICO CITY / WAM Ahmed Hatem Al Minhali, UAE Ambassador to Mexico, met on Saturday with Rogelio Garza Garza, Undersecretary of Industry & Commerce, at the Mexican Ministry of Economy. The meeting discussed bilateral relations and ways to enhance cooperation, particularly in economic fields. Also discussed isMexico’s participation in Expo 2020 Dubai.

Bloomberg French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country. Total pumped a record amount of oil and gas in the first quarter and expects output growth to exceed its 6 percent target this year thanks to acquisitions and new projects from the Arctic to West Africa. In South …

Bloomberg A series of high-profile accidents involving self-driving cars are slowing the mad rush into the autonomous vehicles business, according to a report issued. The accidents, some of them fatal, have ignited a debate about how to regulate the safety of self-driving vehicles and tempered the public’s expectations, Bloomberg New Energy Finance said. They’ve also exposed the downside of rushing …

Bloomberg Google is secretly building a social-gaming startup, part of its effort to create fledgling companies within the internet-search giant. The founder and co-owner of the new firm, called Arcade, is Michael Sayman, according to people familiar with the matter. Sayman is the 21-year-old wunderkind who started as a Facebook Inc. intern at age 17 and left that company for …

Bloomberg Axon Enterprise Inc., the police technology company best known for its Taser stun guns, agreed to purchase its main competitor in the body camera industry, Vievu LLC. The combination of the two largest providers of the recording devices will create a dominant force in police surveillance. The companies declined to disclose financial details; Axon said it would discuss them …

Bloomberg Twitter Inc. advised users to change their passwords after the company found a bug in its systems that exposed passwords in plain text internally. The company said it removed the non-encrypted passwords from its system, and is working to avoid such an issue happening again. An internal investigation “shows no indication of breach or misuse by anyone” and there’s …

Bloomberg After President Emmanuel Macron scrapped plans for a high-speed rail connection to Limoges, a city in central France, local entrepreneur Fabien Thibaut picked up his phone to call Elon Musk and talk about the Hyperloop — Musk’s idea for superfast trains zooming in tubes. “This kind of project is essential for a city like ours,” said Thibaut, one of …

Bloomberg Deutsche Bank AG is literally leaving Wall Street, moving its New York headquarters to midtown Manhattan as the German investment bank embarks on a broad shakeup of its US operations. The company will lease 1.1 million square feet of office space at Columbus Circle, slashing its footprint in the city by 30 percent, the head of Deutsche Bank’s Americas …

Bloomberg BNP Paribas SA and Societe Generale SA missed out on the trading gains that boosted earnings at some of their US and European rivals in the first quarter, sending their shares tumbling. Trading income at BNP Paribas, the largest French lender, fell 15 percent as a drop in sales from fixed-income, currencies and commodities outweighed a gain in equities, …