Bloomberg The rise of the smartphone almost broke Tze-Mon Chuang’s company— Elon Musk provided its salvation. Singapore-based Memtech International Ltd. has more than doubled its market value in the past year thanks to tie-ups with the likes of Tesla Inc. The manufacturer is a key supplier to Musk’s pioneering auto company, making plastic components for its battery packs. It’s a ...

Bloomberg The European Union is preparing punitive tariffs on iconic US brands produced in key Republican constituencies, raising political pressure on President Donald Trump to ditch his plans for taxing steel and aluminum imports. Targeting 2.8 billion euros ($3.5 billion) of American goods, the EU aims to apply a 25 percent tit-for-tat levy on a range of consumer, agricultural and ...

Emirates Business Select Property Group, the premium British property developer with its largest sales centre in Dubai, has announced the launch of its latest project in Manchester—the UK’s number one investment city. CitySuites 2 is already attracting significant interest across the GCC region and follows the success of the first CitySuites project that was sold in 2015, in which over ...

Bloomberg The Chinese supplier of electric-vehicle batteries that’s planning a local factory with enough capacity to surpass the output of Tesla Inc. has set its sights further: Europe. Contemporary Amperex Technology Ltd. is close to picking one of three sites in the European Union for its first overseas plant, Chairman Zeng Yuqun said in an interview. The company is exploring ...

Bloomberg Brexit is beginning to weigh on London’s hotel market, according to Hilton Worldwide Holdings Inc., the second-biggest company in the global industry by rooms. “Now that negotiations are going on, and it’s becoming more real—at least in London—it does feel like there’s a little bit of trepidation,” Christopher Nassetta, chief executive officer of Hilton, said in an interview in ...

DUBAI / Emirates Business VisitBritain, the national tourism board for Britain, has partnered with Middle Eastern online travel platform tajawal on a joint marketing campaign targeting customers in the United Arab Emirates, Saudi Arabia and Kuwait market. The marketing campaign will feature a video series and is part of VisitBritain’s global campaign, “I Travel For…” which launched earlier this month, ...

Bloomberg North Korea is willing to give up its nuclear weapons if the safety of Kim Jong Un’s regime is guaranteed, South Korea said, boosting pressure on the US to agree to peace talks. Kim will meet South Korean President Moon Jae-in for a summit along their shared border at the end of April, the statement said, adding that North ...

Bloomberg Longtime Donald Trump associate Sam Nunberg said he doesn’t plan to cooperate with a subpoena from Special Counsel Robert Mueller requesting he appear before a grand jury investigating Russian interference in the 2016 elections. “They want me in there for grand jury on Friday. I’m not paying the money to go down there,” Nunberg said in an interview with ...

Bloomberg Sri Lanka has declared a state of emergency for 10 days to rein in the spread of communal violence, a government spokesman said on Tuesday, a day after Buddhists and Muslims clashed in the Indian Ocean island’s central district of Kandy. Tension has been growing between the two communities in Sri Lanka over the past year, with some hard-line ...

Bloomberg Extremist attacks, gasoline shortages, worsening violence over grazing land, simmering unrest in the southeast — the crises keep mounting for Nigerian President Muhammadu Buhari less than a year before general elections. The most recent setback came on March 1 when suspected Boko Haram militants killed three United Nations aid workers and eight soldiers in an attack in the northeastern ...