Dubai / WAM Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, reported record growth in overnight visitors from Japan, crossing the 100,000 mark for the first time at the end of 2018. Reflecting a 15.3 percent year-on-year increase, the emirate welcomed 104,843 overnight visitors, with the robust growth underscoring efforts to further showcase the breadth of the city’s ever-expanding ...

Bloomberg India’s power industry welcomed a top court decision to strike down central bank rules that tightened loan default guidelines, saying the move offers a sustainable financial path forward for debt-laden power producers. “The court’s order is a recognition of our argument that systemic issues can’t be fixed through mechanical means,” said Harry Dhaul, director general of the Independent Power ...

Bloomberg In another bizarre plot twist in Carlos Ghosn’s long-running legal troubles, the former Nissan Motor Co chairman may be re-arrested on fresh charges just as he was preparing to tell his side of the story. The drama surrounding the former auto czar reignited when he tweeted that he’s planning to hold a news conference on April 11 to “tell ...

Bloomberg Hygeia, a Chinese radiotherapy equipment maker backed by Warburg Pincus, is planning a Hong Kong initial public offering that could raise about $200 million, people with knowledge of the matter said. The company, which also operates cancer treatment hospitals, aims to sell shares as soon as the second half of the year, the people said, asking not to be ...

Bloomberg Shareholders of Honworld Group Ltd are exploring a sale of the Chinese soy sauce maker, which sells products under the “Lao Heng He” brand, people with knowledge of the matter said. Owners are working with an adviser on a possible sale of more than 49 percent of the Hong Kong-listed firm, said the people, who asked not to be ...

Bloomberg Brookfield Asset Management Inc is planning to buy a commercial property site in Shanghai for around $2 billion, according to people familiar with the matter. Brookfield Strategic Real Estate Partners III is considering buying three office towers and a retail mall at Greenland Huangpu Center from a unit of Greenland Hong Kong Holdings Ltd., the people said, asking not ...

Bloomberg Ola, Uber Technologies Inc’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five smaller UK cities. The Bangalore-based startup commenced operations in Liverpool last month, having established its first European business in Cardiff in August and later added Bath, Bristol and Exeter. Reading and ...

Bloomberg If France is trying to keep Huawei Technologies Co out of its next-generation telecommunications networks, it’s doing it a lot more subtly than the US. The country’s parliament was expected to start to debate on Wednesday a bill aimed at tightening security around its 5G networks after an earlier version was rejected in February by senators for the government’s ...

Bloomberg Hewlett-Packard Co’s board, riven with conflict, faced a “poisonous internal environment” on the eve of its announcement to acquire British software firm Autonomy. A simmering dispute between executives burst into the open just as HP’s board wavered over whether to proceed with the $11-billion transaction, then-Chief Executive Officer Leo Apotheker said on the second day of his evidence in ...

Bloomberg Britain’s Brexit turmoil inflicted further damage on the economy last month as the nation’s huge services sector shrank for the first time in more than 2 1/2 years. With parliament gridlocked and Britain’s short-term future increasingly uncertain, companies and households held back spending in March, IHS Markit said. Its Purchasing Managers’ Index indicates that the economy shrank last month ...