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Bloomberg Tensions between Nissan Motor Co. and Renault SA over the future of their car-making partnership have exploded into the open as the downfall of Chairman Carlos Ghosn roils the automotive industry and his top lieutenant, Hiroto Saikawa, moves to consolidate power in his absence. The two companies, which are connected via a complex structure of cross-shareholdings and joint manufacturing, ...

Bloomberg Sea Ltd., operator of Southeast Asia’s biggest gaming platform, reported a wider third-quarter loss on rising investments at e-commerce unit Shopee. Net loss increased to $218 million in the three months ended on September 30 from $132.8 million a year earlier, the company said. Total revenue rose to $204.9 million from $94.1 million. Sea has been struggling to keep ...

Bloomberg Three years ago, artificial intelligence company DeepMind embarked on a landmark effort to transform health care in the UK. Now plans by owner Alphabet Inc to wrap the partnership into its Google search engine business are tripping alarm bells about privacy. Data protection advocates cried foul when the company reversed course on a pledge to keep DeepMind Health, which ...

Bloomberg European Union negotiators approved the first bloc-wide rules to prevent foreign investments from threatening national security in a sign of growing political unease over Chinese acquisitions. Representatives of EU governments and the European Parliament agreed on draft legislation to screen foreign direct investments (FDI). The deal in Brussels ends 14 months of deliberations over an initiative that for years ...

Bloomberg After months of setbacks, Mexico is now on the cusp of rolling out an automatic tax payment system that forms a key part of its effort to crack down on evasion. And the government scored a marquee name — Uber Technologies Inc — to be its first participant, according to a person familiar with the negotiations. For Mexico, it’s ...

TOKYO / WAM The UAE has risen in a number of indicators included in Waseda, the “IAC International Digital Government Rankings Report”, published by the Institute of Digital Government at Waseda University in Japan. The UAE has been ranked sixth in the e-Participation index, ahead of Taiwan and Finland. The UAE has moved up one position to occupy the 6th ...

AMMAN / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and King Abdullah II of Jordan on Tuesday discussed the strong bilateral relations between the UAE and Jordan and means of developing them across various sectors. The discussions were held during a meeting by His ...

Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, celebrated its 18th anniversary on Tuesday and highlighted the market’s most notable and pioneering achievements at the local, regional and international levels since its inception which contributed to supporting the national economy and in attracting investments to the UAE. The ADX continues to develop its ...

Abu Dhabi / WAM The United Arab Emirates and the Kingdom of Saudi Arabia, have announced the launch of a new food aid initiative, ‘Imdaad’, in cooperation with the World Food Programme (WFP), and other international bodies, to combat famine in Yemen. Imdaad aims to provide necessary food supplies to 10-12 million Yemenis, including two million children, and will include ...

Bloomberg Evidence is mounting that the plot to oust UK Prime Minister Theresa May is faltering. To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails calling for one. Late last week, as the backlash against May’s Brexit deal gathered pace, there was speculation that the threshold ...