Bloomberg Lenovo Group Ltd. expects its loss-making smartphone business to turn a corner next fiscal year as it shifts toward higher-end devices and ramps up marketing in the US and China. The world’s largest PC maker is counting on a revival of the Motorola smartphone business it bought for $2.8 billion to make up for a declining computer industry. ...

  Bloomberg SoftBank Group Corp.’s Masayoshi Son has a 300-year plan, so if combining Sprint Corp. and T-Mobile US Inc. takes a few years longer than he hoped, that’s OK. Son, who became one of the world’s wealthiest men by turning Tokyo-based SoftBank into a telecommunications and technology powerhouse, still would like to merge the U.S. wireless providers, according to ...

  Manila / Bloomberg The Philippines economy grew faster than economists predicted last quarter, giving a boost to new President Rodrigo Duterte as he seeks to attract more investment and speed up infrastructure spending. Gross domestic product increased 7 percent in the three months through June from a year earlier, the fastest pace since the same period in 2013, the ...

  Tokyo / AFP India’s soybean output may rebound from an 11-year low as ample rain and sunshine boosts crop development, according to the Soybean Processors Association of India. Production may top the 6.93 million metric tons harvested in 2015-16 if current favorable weather continues next month, Chairman Davish Jain said by phone from Indore. That was the smallest crop ...

  Jakarta / Bloomberg Palm oil shipments from Indonesia, the world’s largest grower, probably rose to the highest level in three months in July after buyers from China to India boosted purchases. Exports of palm and kernel oils climbed 6.7 percent to 1.9 million metric tons, according to the median of seven estimates from analysts and plantation executives compiled by ...

  Beijing / Bloomberg China is adding new instruments to its economic dashboard that will incorporate big data to help better track innovation and entrepreneurship in the new economy. Three indicators tracking innovation, entrepreneurship and the new economy are rolling out this year to gauge output in those fast-moving, category-bending and hard-to-measure sectors. All three will be distilled partly from ...

  AFP Cheap instant “bubble tea” has become one of Taiwan’s best-known culinary exports — now a new wave of entrepreneurs hopes a high-end modern take on traditional brews will also be sipped worldwide. Taiwan has been producing tea for more than 200 years and a cup of the island’s famous oolong is obligatory for many visitors, but exports have ...

  Emirates Business Sensai — the pioneer of ‘super prestige’ skincare — continues to impress with its fascinating range of skincare products that have shown proven results of protecting the skin from natural and chemical elements. The ‘cellular performance day cream’ takes center stage being the star product of the year with a 100% customer satisfaction. Sensai’s cellular performance day ...

  SHARJAH / WAM The Sharjah Road and Transport Authority opened a road network at Al Saja Industrial Area as part of the emirate’s plans to build a modern, integrated network of roads and provide a fully-serviced investment infrastructure. The authority has invested AED66 million on this project. Sulieman Al Hajeri, Director of Roads at the Authority, said that roads ...

  Dubai / WAM The Dubai Electricity and Water Authority (DEWA) organised the third batch of training sessions for 75 students of the Carbon Ambassadors Programme, the next generation of leaders and experts, who will implement ambitious national strategies and plans as well as contribute to innovating new initiatives and programmes, as part of the Dubai Clean Energy Strategy 2050. Conducted ...