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Bloomberg India’s Competition Commission has opened an antitrust probe into Amazon.com Inc and Walmart Inc’s Flipkart Online Services Pvt, over exclusive arrangements between the retailers and mobile phone brands and preferential treatment given to some sellers. A complaint by a New Delhi-based traders’ body cited “instances of several vertical agreements between Flipkart with their preferred sellers on the platform” and ...

Bloomberg Indonesia ordered its top refiner to limit the purchase of crude oil from overseas this year as the former OPEC member seeks to source more fuel locally to tackle a persistent current account deficit. The energy and mineral resources ministry issued PT Pertamina with a permit to import only 50 million barrels of crude this year, below the 80 ...

Bloomberg Nissan Motor Co said it is in no way considering the dissolution of its alliance with Renault SA, which was shaken even further by the dramatic escape of former chairman Carlos Ghosn from trial in Japan. “The alliance is the source of Nissan’s competitiveness,” the Yokohama-based company said in a statement on Tuesday, pushing back against reports that its ...

Bloomberg Boris Johnson suggested his government may be ready to allow Huawei Technologies Co to supply at least some equipment for its 5G broadband networks even in the face of strong pressure for a ban from the US. “The British public deserve to have access to the best possible technology,” Johnson said when asked about Huawei in a BBC TV ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, presented awards to the 10 winners of the Zayed Sustainability Prize with the participation of a number of world leaders, at the Prize’s annual awards ceremony on Monday, coinciding with the start of Abu ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Monday a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship. The announcement was made by Dr Sultan Al Jaber, Minister of State and Adnoc Group CEO, while speaking at the opening ceremony of ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), exchanged signing of agreements with Indonesia’s Pertamina and Chandra Asri. Adnoc signed a Memorandum of Understanding (MoU), to explore potential development of a Crude to Petrochemicals complex in Balongan, Indonesia as well as a Sales Agreement in which Adnoc will supply Pertamina with up to 528,000 MT of LPG ...

DUBAI / WAM Glimpses into Air Traffic Control (ATC), modernisation and innovation will be provided to aviation industry stakeholders at the ATC Forum which is returning for its third straight year in June 2020 during the Airport Show, the world’s largest annual airport industry gathering. The event is coming at a time when it has been predicted that more than ...

Bloomberg Tens of thousands of people in the Philippines are being evacuated from an erupting volcano 40 miles (65 kilometres) south of the capital as some 144 earthquakes could signal “further eruptive activity.” The Philippine Institute of Volcanology and Seismology kept the alert status at the second highest level at its 4 pm bulletin, reiterating a call for total evacuation ...

Bloomberg India lost more than $1.33 billion to internet restrictions in 2019 as prime minister Narendra Modi’s government pushed ahead with his party’s Hindu nationalist agenda, raising tensions and sparking nationwide protests. The worst shutdown has been in Kashmir, where after intermittent closures in the first half of the year, the internet has been cut off since August 5 following ...