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Bloomberg Norway’s Telenor ASA and Axiata Group Bhd, Malaysia’s biggest wireless carrier, are in talks to combine their Asian telecommunication operations to create a company with 300 million customers in nine countries. The proposed transaction will form an entity with sales of about $13 billion and earnings of about $5.5 billion. Potential “synergies” from the deal would amount to about ...

Bloomberg The eastern Indian state of Odisha, battered by one of the strongest cyclones in two decades, needs at least one trillion rupees ($14 billion) to rebuild damaged houses and public infrastructure, a government official said on Monday. About 500,000 people have lost their houses and would need reconstruction, said Bishnupada Sethi, special relief commissioner with the Odisha government. Almost ...

Bloomberg Apple Inc. will pay Qualcomm Inc. $4.5 billion to $4.7 billion to catch up on licensing fees accrued during a two-year legal battle between the companies settled last month. Qualcomm made the disclosure in its earnings report, while Apple declined to answer questions about the settlement during its own second-quarter earnings conference call. The figure was less than the ...

Bloomberg 3M Co. agreed to buy medical-products maker Acelity Inc. for about $4.3 billion, its biggest acquisition ever, as new Chief Executive Officer Mike Roman takes a more aggressive approach to expanding the beleaguered company. The purchase, from a group of funds advised by Apax Partners, is spurring 3M to scale back share repurchases to conserve cash. 3M will cut ...

Bloomberg From a cramped living room in Brooklyn, New York, a handful of young computer nerds have developed a new way to use technology to help save lives in natural disasters. They have designed tiny electronic nodes inside baseball-sized rubber casings that create a special Wi-Fi network spanning more than 100 square miles that can be used to connect victims ...

Bloomberg The familiar ritual came full circle. Israel and Gaza Strip fighters reached a truce after the most intense round of fighting since their 2014 war, and life on both sides of the border returned to normal on Monday. The violence, which claimed the lives of 27 Palestinians and four Israelis, had threatened to undo months of Egyptian-brokered efforts to ...

DUBAI / WAM Dubai International (DXB), welcomed 22.2 million passengers in the first quarter of 2019, down 2.2 percent from the same period last year due largely to reduced flights and a shift in the timing of the Easter holiday. The first quarter of 2019 saw a total of 22,230,810 customers served. The average monthly passenger traffic volume of 7.41 ...

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, has said that the continuous development of the Armed Forces, in terms of armaments and training, remains a priority. The leadership firmly believes that UAE’s development must be safeguarded, and that a country capable ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, is set to lead a delegation of a number of tourism stakeholders to ITB China, a new trade show taking place in Shanghai next month. The delegation, which will include representatives from tour operators, hotels, heritage and cultural attractions, and destination management companies, will ...

Abu Dhabi / WAM Commanders and units of the UAE Armed Forces have celebrated the 43rd Unification Day Anniversary, recalling the memories of the founding fathers, notably the late Sheikh Zayed bin Sultan Al Nahyan, who managed through their diligence and will to build the Union and to unify the Armed Forces under one command, one banner, and who had ...