April, 2019

• 13 April

  Swedish beauty brand weighs sale at $1b

  Bloomberg Foreo, the six-year-old Swedish beauty company known for its electric facial cleansers and toothbrushes, is working with advisers as it considers selling itself, people familiar with the matter said. The firm could fetch more than $1 billion in a sale, the people said, asking not to be identified. PE firms are expected to be among the bidders, one of …

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• 13 April

  Bernard Arnault’s fortune gets fresh lift from Louis Vuitton

  

  Bloomberg Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods. The Frenchman, whose fortune has increased by more than $19 billion in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of more than …

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• 13 April

  Amazon workers are listening to what you say to Alexa

  

  Bloomberg Tens of millions of people use smart speakers and their voice software to play games, find music or trawl for trivia. Millions more are reluctant to invite the devices and their powerful microphones into their homes out of concern that someone might be listening. Sometimes, someone is. Amazon.com Inc employs thousands of people around the world to help improve …

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• 13 April

  Dubai’s Vista buys Uber-like private jet service JetSmarter

  

  Bloomberg Vista Global Holding, which competes with Warren Buffett’s NetJets in the pay-by-the-hour private plane market, agreed to buy US-based JetSmarter, adding a service that sells empty seats on chartered aircraft. While the Uber-style model will extend the group’s product offering in the $11 billion on-demand corporate flights sector, JetSmarter is mainly attractive for industry-leading digital technology and an app …

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• 13 April

  Elon Musk-linked team outlines system to monitor brain activity

  

  Bloomberg A team of scientists, some of whom have worked for Elon Musk, outlined a way to rapidly implant electrical wiring into the brains of rats. The process, described in an unpublished academic paper, is an important step towards a potential system to plug human brains directly into computers. The paper’s five authors have been employed by or loosely associated …

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• 10 April

  Mubadala opens New York office as Abu Dhabi fund expands in US

  

  Bloomberg Mubadala Investment Co opened an office in New York as the Abu Dhabi wealth fund builds on its presence in the United States. “Today we have offices in San Francisco, we have offices in Rio De Janeiro, we have offices in Moscow, we have an office in New York City which we just inaugurated, and Hong Kong by the …

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• 10 April

  Network International rises on $1.4 billion London IPO

  

  Bloomberg Network International shares surged in London trading after the payments processor raised 1.1 billion pounds ($1.4 billion) in an initial public offering that’s the biggest listing in Europe so far this year. Network International jumped 22 percent to 532.20 pence in London. The Dubai-based company sold 200 million shares for 435 pence each, according to a statement on Wednesday. …

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• 10 April

  Dana Gas production up 6% in first quarter

  

  SHARJAH / WAM Dana Gas has announced that its average production for Q1, 2019 has increased by 6 percent year-on-year to 68,700 barrels of oil equivalent per day (boepd) from 65,000 boepd in Q1 2018. The first quarter production increase was led by the KRI (Kurdistan Region of Iraq), which leapt to 32,750 boepd in Q1, 2019 from 26,300 boepd …

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• 10 April

  Mexican president urges fuel stations to charge less

  

  Bloomberg First Mexico’s president told oil drillers to produce more. Now he wants fuel stations to charge less. Mexican President Andres Manuel Lopez Obrador is calling on fuels, liquid petroleum gas, and natural gas distributors to review their profit margins and pass on more tax savings to consumers in his latest crackdown on the private energy market. Mexico offers subsidies …

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• 10 April

  Canadian home building rebounds from deep freeze

  

  Bloomberg Canada housing starts rebounded in March from a sluggish performance a month earlier, returning to levels more in line with demographics and highlighting the buoyancy of the nation’s battered real estate market. Builders started an annualised 192,527 homes in March, the Canada Mortgage and Housing Corp. reported. That’s up from 166,290 a month earlier, when excessively cold weather slowed …

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