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Bloomberg India has imposed higher customs duties on a raft of US goods on Sunday in response to similar measures taken by Washington, according to a government notice. The increased charges have been imposed on 28 products including chickpeas, phosphoric acid, apples, almonds and walnuts, according to the notice released late on Saturday. The country would get about $217 million ...

Bloomberg Activist investor Dan Loeb disclosed a $1.5 billion stake in Sony Corp. and pushed the company to make dramatic changes, including spinning off its semiconductor business and listing it in Japan. Sony’s shares rose 3.1% in Tokyo after Loeb’s Third Point published a letter and 102-page presentation pushing for changes at the Japanese media and electronics giant, including sales ...

Bloomberg Volkswagen AG valued its heavy-trucks business at as much as $18.6 billion in a planned initial public offering that will test Chief Executive Officer Herbert Diess’s ambition of overhauling the carmaking behemoth. The manufacturer intends to offer stock in Traton SE, which sells MAN and Scania AB vehicles, for between 27 euros to 33 euros per share, it said ...

Bloomberg A Canadian program designed to speed up the hiring of foreign talent is attracting thousands of tech workers and other skilled employees, many of whom are unhappy with restrictive US immigration policies. The Global Skills Strategy, which came into effect two years ago, has attracted about 24,000 people over the past two years, according to government figures. The program ...

Bloomberg Software maker CrowdStrike Holdings Inc. soared in its trading debut after raising $612 million in one of the biggest-ever initial public offerings for a cybersecurity company. Shares opened at $63.50 in New York and rose as much as 97 percent from their IPO price to $67. The stock closed up 71 percent to $58. That valued the company at ...

New Delhi / WAM The UAE Ambassador to India, Dr Ahmed Abdulrahman Al Banna, has met with India’s new Minister for Civil Aviation, Hardeep Singh Puri, and discussed pressing issues relating to cooperation between the two countries in civil aviation. This was the first face-to-face interaction from the UAE side with a member of Prime Minister Narendra Modi’s Council of ...

Sofia / WAM Prime Minister of Bulgaria, Boyko Borissov met His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. During the meeting which came as part of Sheikh Abdullah’s state visit to Bulgaria, Borissov and Sheikh Abdullah discussed bilateral relations between the UAE and Bulgaria and ways to enhance them in a number of ...

LUXEMBOURG / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, met his counterpart Harris Georgiades, Minister of Finance of Cyprus, to discuss ways of enhancing cooperation between the two friendly countries, which extends for more than 50 years. The meeting was held during a visit by a UAE Ministry of Finance (MoF), delegation to Luxembourg. During ...

Dubai / WAM Jebel Ali Free Zone (Jafza), has announced its offering facilities to obtain long term visas for its customers in a bid to attract and retain high calibre talent within the UAE. The move is in line with Resolution No. 56 of 2018, passed by the UAE Cabinet and issued as a decree by His Highness Sheikh Mohammed ...

Bloomberg WeWork Cos. is considering a deal to take majority control of its India affiliate, according to people familiar with the matter, a deal that would allow the shared-office startup to consolidate financial results from the fast-growing unit as it prepares for an initial public offering this year. The New York-based company is in talks to buy around 70% of ...