Bloomberg Saudi Arabia’s growth this year will be “significantly higher” than the International Monetary Fund’s new forecast, according to Finance Minister Mohammed Al-Jadaan. Economic expansion will be “north of 1 percent,” Al-Jadaan said in an interview at the World Economic Forum in Davos, Switzerland. The IMF lowered its forecast to 0.4 percent from 2 percent in its World Economic ...

  Bloomberg Qualcomm Inc. forced Apple Inc. to use its chips exclusively in return for lower licensing fees, unfairly cutting out competitors, the US said in a lawsuit against the biggest maker of mobile phone chips. Qualcomm’s exclusive deal with Apple was detailed in a Federal Trade Commission lawsuit accusing the chipmaker of illegally maintaining a monopoly for semiconductors used ...

  Bloomberg The cost of living in the US climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve’s goal. The consumer-price index rose 0.3 percent in December, matching the median projection of economists, after a 0.2 percent gain the previous month, Labor Department figures showed on Wednesday in Washington. ...

  Bloomberg Apple Inc. is raising App Store prices in the UK as much as 25 percent, bending to the pound’s drop in value following the country’s vote to leave the European Union. Apps that cost 79 pence ($1.20) will increase to 99 pence, according to a notification sent to app developers today, seen by Bloomberg. Apps that costs $2.99 ...

  Bloomberg The UK economy lost fewer jobs than expected and wage growth picked up towards the end of 2016, suggesting the labor market remains relatively resilient. The number of people in work fell by 9,000 to 31.8 million in the three months through November, whereas economists had predicted a 35,000 decline. The jobless rate stayed at 4.8 percent, the ...

  Bloomberg Iceland, the world’s tiniest developed economy, is now pondering whether it has the might to take on the currency markets. The center-right coalition that took office this month wants an overhaul of Iceland’s monetary policy framework, which could lead to fixing the currency or letting it trade within a band, Finance Minister Benedikt Johannesson, 61, said. The review ...

  Bloomberg Mark Zuckerberg, saying it’s the first time he’s testified in a trial, vehemently denied claims that the virtual-reality headset maker acquired by Facebook Inc. in 2014 had stolen technology for the Oculus Rift. Facebook’s co-founder and chief executive officer, who has hailed virtual reality as his company’s next big thing, was called to the witness stand by ZeniMax ...

    BOSTON / AP Imagine you’re behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you’re confronted with an impossible choice: veer right and mow down a large group of elderly people, or veer left into a woman pushing a stroller. Now imagine you’re riding in the back of a self-driving car. How would ...

  Bloomberg Facebook Inc. will open a startup incubator at Paris’s soon-to-debut entrepreneur campus created by billionaire Xavier Niel, as Chief Operating Officer Sheryl Sandberg vows to keep investing in France. The company will have engineers on the ground at incubator-campus Station F and offer workshops to entrepreneurs, Sandberg said at an event in Paris, alongside Niel, site director Roxanne ...

  Relaxnews Kaminario Inc., a flash-storage company that develops its products in Israel, closed a fundraising round of $75 million — nearly double the expected amount — and will use the money to expand in Asia and Europe and boost technology development to gain market share. The Needham, Massachusetts-based company competes with multinational giants such as Dell Technologies Inc. and ...