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Bloomberg People who make a living guiding others through bankruptcy in Canada say they’ve never been busier. Record debt burdens, rising borrowing costs and, in some cases, bigger payday loans are driving many Canadians to seek relief, according to several licensed insolvency trustees who spoke to Bloomberg. They say November was their busiest on record, and December — typically a ...

Bloomberg Uber Technologies Inc lost a UK lawsuit over the employment rights of its drivers, in a landmark judgment that threatens to force companies in the country’s burgeoning gig economy to offer benefits such as paid vacations. London’s Court of Appeal dismissed a challenge by the ride-hailing firm over a lower court ruling that found its drivers are “workers,” meaning ...

Bloomberg The mere mention of Elliott Management Corp is enough to rattle any telecom executive after the New York activist fund took on Telecom Italia SpA — Europe’s most indebted phone company — and removed its CEO. So when Elliott this month denied a media report it was targeting southern Europe’s other debt-laden carrier, Telefonica SA, it seemed the Spanish ...

Bloomberg A Pakistani court convicted former Prime Minister Nawaz Sharif of corruption and handed him a seven-year prison term, sparking protests by his supporters. Arshad Malik, a judge of the accountability court, delivered the verdict in Islamabad on Monday after finding that Sharif had accumulated wealth through unknown means. Sharif, who was acquitted on the second charge and released from ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Sunday His Majesty King Hamad bin Isa Al-Khalifa of Bahrain. His Highness Sheikh ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, conferred the Order of Independence, First Class, on the Ambassador of Japan to the UAE, Kanji Fujiki, in recognition of his efforts during his tenure, towards the development and strengthening of friendly relations and cooperation between the two countries across all fields. HH Sheikh Abdullah bin Zayed ...

Dubai / Emirates Business Mohammed Al Gergawi, Minister of the UAE Cabinet Affairs and The Future, Vice Chairman of the Board of Trustees and Managing Director of Dubai Future Foundation, said that Dubai became an ecosystem for innovation and the future economy, and a preferred global destination for conferences and exhibitions focused on future sectors and emerging technologies. Al Gergawi ...

DUBAI / WAM The Dubai Roads and Transport Authority (RTA), has announced the establishment of an E-Hail Taxi Joint Venture with Careem Networks Company (Careem); the leading ride hailing technology company in the region. Accordingly, the new company, the name and logo of which will be announced in the next few months, will provide e-hail taxi services to customers beginning ...

Bloomberg Huawei Technologies Co. wanted a better way to test its telephone handsets, so it sent an engineer to see “Tappy,” the robot in partner company T-Mobile US Inc’s laboratory in Bellevue, Washington. “Tappy,” computer-driven and tireless, taps on touch screens, simulating weeks of use in a day. The Huawei engineer was curious about Tappy’s fingertips. So he slipped one ...

Bloomberg Shares in Tencent Holdings Ltd. jumped 4.5 percent after Chinese media reported that regulators have resumed approving games, signaling a potential end to a hiatus that’s chilled the world’s biggest gaming industry. Tencent and peers from South Korea to Japan spiked after the official China Securities Journal reported that regulators had reviewed and passed an initial batch of online ...