Bloomberg Unity Bank Plc, a Nigerian lender, denied entering a binding agreement with private-equity firm Milost Global Inc. over a potential $1 billion investment, saying talks were only preliminary and didn’t come with any commitments. New York-based Milost this week said it terminated talks to provide debt and equity funding to Unity, saying it received threats that it will be ...

Bloomberg Bulgaria, which is seeking to cement its path to euro adoption this year, said it has no plans to join Europe’s banking union before switching to the common currency. The Balkan nation wants to join the exchange-rate mechanism — the waiting room for euro adoption — this summer. While becoming a member of the union before entering the euro ...

Bloomberg Bostjan Jazbec, a member of the European Central Bank’s Governing Council, will step down as the head of Slovenia’s monetary authority April 30, opening the way for a new government to choose his replacement after elections this summer. Jazbec will become a member of the Single Resolution Board, the European Union body responsible for the orderly winding down of ...

Bloomberg Alibaba Group Holding Ltd. is buying full control of the startup Ele.me as it steps up efforts to expand in China’s fast-growing market for local delivery of food and other services. The deal implies an enterprise valuation of $9.5 billion for Ele.me, Alibaba said in a statement, without saying how much it’s paying. Alibaba and affiliate Ant Small and ...

Bloomberg The US Air Force’s top general said the estimated cost to operate and maintain its version of Lockheed Martin Corp.’s F-35 jet is a serious issue that’s sparked a search for savings by the service and senior Pentagon acquisition and support officials. “Are O&S sustainment costs a major concern?” General David Goldfein, the Air Force chief of staff, said, ...

Bloomberg Under Armour Inc., joining a growing list of corporate victims of hacker attacks, said about 150 million user accounts tied to its MyFitnessPal nutrition-tracking app were breached earlier this year. An unauthorised party stole data from the accounts in late February, Under Armour said. It became aware of the breach earlier this week and took steps to alert users ...

Bloomberg Different threats from major shifts in two industries are pushing Walmart Inc. and health insurer Humana Inc. towards the same solution. Amazon.com Inc. has taken direct aim at the giant retailer by siphoning customers out of its stores. Humana’s rivals are striking deals to make them one-stop health superstores with insurance, drug coverage, pharmacies, clinics and doctors. A deal ...

Abu Dhabi / WAM The first-ever Green Business Summit in Abu Dhabi will include a series of special panel discussions led by leading experts in international policy and sustainable development. Key topics include an assessment of global sustainability initiatives, how governments can create a policy fram-ework that stimulates the transition to a greener future, and what it will take for ...

Abu Dhabi / WAM Aldar Properties, Aldar, has appointed Trojan General Contracting LLC as the main contractor for Water’s Edge, its latest waterfront development on Yas Island. The AED1.3 billion contract follows the award of the early works package to Dutch Foundation, who commenced work on site in February this year. Located on Yas Island’s Eastern shores, Water’s Edge comprises ...

DUBAI / WAM The Roads and Transport Authority (RTA) awarded two contracts worth AED1.3 billion for phases 3 and 4 of roads leading to Expo 2020 project. The project is intended to ensure a smooth flow of traffic to serve exhibition visitors as well as future projects in the area. The latest announcement comes as per the directives of His ...