Bloomberg Mitsui & Co., Japan’s second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd. and Stone Point Capital to make insurance-related bets. Mitsui also committed $100 million of investment capital to the private fund platform, Bermuda-based New Ocean said recently in a statement. XL, ...

  Madrid / AFP After basking in its best tourist summer season in 15 years, Spain now sees dark clouds on the horizon as popular destinations reach saturation point and holidaymakers are more thrifty, industry experts say. The 2016 summer season proved exceptionally good, with an influx of tourists fleeing other popular destinations recently hit by attacks, said Jose Luis ...

  Washington / AFP The European Union gave Belgium a barely 24-hour ultimatum on Sunday to say whether it can back an EU-Canada trade deal, warning otherwise it will cancel a summit to sign the accord with Ottawa. In an embarrassment for the 28-nation EU, Belgium has so far been unable to sign up to the CETA trade deal because ...

  Bloomberg Time Warner Inc. and AT&T Inc. have survived the evolution of color TV and cable over the decades. Now they’re merging to adapt to the latest technological shifts: smartphones and streaming. More consumers are getting their entertainment online from Netflix Inc. and watching on iPhones instead of TVs. That’s putting pressure on traditional entertainment companies and pay-TV providers. ...

Bloomberg Vulnerable internet-connected devices such as cameras and digital video recorders may be to blame for the attack that took down some of the world’s most popular websites on Friday. Malware that targets the “internet of things,” a new breed of small gadgets that are connected to the internet, may have powered the global attack, according to Brian Krebs, a ...

  Relaxnews When Apple launched its first PowerBook range of laptop computers on October 21, 1991, it also set in motion a computing revolution by firmly establishing the recipe for the laptop computer that all leading PC makers are still following. According to Eric Smith, Strategy Analytics’ senior tablet and touchscreen strategies analyst, the first PowerBook’s impact “is still shaking ...

  Dubai / Emirates Business According to industry experts, there has been a growing interest in OLED TV as it is expected to dominate the next-generation TV market and is forecasted to emerge as the new growth engine in TV technology. What distinguishes OLED TV from other TV technologies is that OLED has the ability to turn each individual pixel ...

  Bloomberg The people who make Samsung phones are an elite bunch. They hold the most coveted jobs at the most valuable company within Samsung Group, the largest and most prestigious conglomerate in South Korea. But the sense of exceptionalism was smashed last week as Samsung Electronics Co. took the unprecedented step of killing off an entire generation of its ...

  Relaxnews An unstable and experimental version of the Chrome web browser, going by the name of Chrome Canary, is now available for Android. This latest Chrome edition is destined to give users an idea of what’s in store from future versions of the browser for smartphone and tablet. Already available for Windows and macOS, Google Chrome Canary has now ...

  Ilan / AFP Under a shady starfruit tree Taiwanese beekeeper Jiang Hwan-bin tends his hives, pumping out pure honey for a rapidly growing market of health-conscious consumers. Jiang’s family has been keeping bees for 80 years and he now manages 500 hives in the northwest county of Hsinchu. In total his family run around 2,000 across northern Taiwan. A ...