Bloomberg Nintendo Co. shares rose to their highest in a month after a smooth debut of Switch, a hybrid console that aims to bring together the worlds of mobile and home gaming. Retailers in Tokyo and Sydney began selling a limited number of units early, while fans in New York and Toronto waited in the cold to buy the ...

  Bloomberg Hutchison China MediTech Ltd., the biotechnology company backed by billionaire Li Ka-shing, reported positive late-stage results for its drug to treat colorectal cancer, taking the company one step closer to having a home-grown therapy on the market. The Hong Kong-based company, known as Chi-Med, said in a statement that it is currently preparing to submit a new drug ...

  Bloomberg China has the economic power to move markets, and it isn’t afraid to use it. South Korean stock trading offered a case in point, with a selloff in hotels, cosmetic makers and other tourism-related companies that made the country’s benchmark the worst performer among Asian equity markets. The slide followed a Yonhap news agency report on China ordering ...

  Bloomberg Mobile World Congress, the premier wireless-technology conference in Barcelona, was supposed to be a coming out party for Google’s digital assistant. But at this year’s proceedings, artificially intelligent voice-based service struggled to be heard above the din of an army of rival assistants that will jostle for attention on smartphones. As the event kicked off, the search giant ...

  Bloomberg Auto insurance may be on the brink of an incursion from mobile-phone and technology companies. Telefonica SA’s O2 unit — one of the first mobile operators in Britain to offer car insurance — expanded its product line in February to include telematics boxes, which track people’s driving habits and can lead to cheaper premiums for youngsters. That’s stoking ...

  Emirates Business A new global study which includes data from the United Arab Emirates (UAE), ‘The Internet of Things: Today and Tomorrow’ published by Aruba, a Hewlett Packard Enterprise company, reveals that IoT will soon be widespread as 85% of businesses globally plan to implement IoT by 2019, driven by a need for innovation and business efficiency. While the ...

  DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has issued Decree No. 5 of 2017, on the formation of the board of directors of the Dubai Islamic Economy Development Centre (DIEDC). The new board serves under the supervision of Crown Prince ...

  ABU DHABI / WAM Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, said that total Islamic banking assets in the UAE have increased to approximately AED520 billion in the past few years. Al Shamsi added that Islamic banking’ assets account for around 20 percent of AED2.6 trillion of the total ...

  The same may be true of the economy. So says Tyler Cowen, author of the new book “The Complacent Class: The Self-Defeating Quest for the American Dream.” Although we’ve recovered from the Great Recession, there are widespread fears that the economy will stagnate or grow only slowly. Government won’t be able to handle the next crisis, whether a war, ...

  If you want an example of the threat faced by the U.S. from an emerging China, look no further than Xiaomi Corp. The electronics manufacturer has made the bold move into designing its own smartphone chips. Of the vast variety of semiconductors that reach the market every year, it’s those processors used in mobile phones that are among the ...