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Bloomberg Simplicity is supposed to be a selling point for Apple Inc’s iPhone. It may be a problem at the US Supreme Court. The court will hear arguments on Monday on accusations that Apple is using its market dominance to jack up prices for iPhone apps. A ruling against Apple, letting a lawsuit go forward, could add to pressure the ...

Bloomberg BT Group Plc’s restructuring is starting to bite, with workers accusing the British telecom company of betrayal as it cuts thousands of jobs and sweeps away layers of management. Chief Executive Officer Gavin Patterson began to overhaul the world’s oldest phone company in June, under pressure to revive profits and a moribund share price. The changes involve 13,000 layoffs ...

Bloomberg Preliminary figures compiled by Venezuela’s central bank indicate that the crisis-wracked nation’s economy contracted 16.6 percent in 2017, according to two people with direct knowledge of the estimates. For the first time since 2016, the bank is preparing a raft of macroeconomic indicators for International Monetary Fund (IMF) to avoid sanctions including a possible expulsion from lender. Bank technicians ...

Paris / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has emphasised that the UAE and France are partners in the fight against extremism and terrorism, support values of tolerance, promote dialogue, interaction and coexistence among peoples, civilisations and cultures, reject intolerance and hatred, and ...

Abu Dhabi / WAM The UAE is a safe haven not just for individuals but for businesses as well, thanks to its robust regulations and strict implementation of laws for protecting copyrights and fighting all kinds of illicit trade, said Sultan bin Saeed Al Mansouri, Minister of Economy. Addressing the 5th International Trade Development Week here, the minister said that ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has received the prestigious Fatima Bint Mubarak Award for Motherhood & Childhood in the category of ‘Best Initiative in the Support of Mother and Child’s Healthy Lifestyle’ for its Flying Nanny programme, which was announced at the Emirates Palace. The award ceremony marked International Children’s day on ...

Dubai / WAM Companies from around the world can unlock business opportunities, forge international partnerships and drive growth by registering on Expo 2020 Dubai’s new global Online Marketplace (OMP). The free-to-use platform forms part of Expo 2020’s commitment to create a long-lasting economic impact by supporting companies of all sizes, especially small and medium-sized enterprises (SMEs), in line with its ...

Bloomberg German Chancellor Angela Merkel warned the UK it can’t set unilateral terms for leaving the European Union as Prime Minister Theresa May heads to Brussels to try to complete a contentious Brexit deal. Addressing lower-house lawmakers in Berlin, Merkel gave short shrift to Brexit while rattling off domestic achievements, pleading for stronger bonds between EU nations and criticising go-it-alone ...

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 ...