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Bloomberg Telecom Italia SpA’s decision to name Luigi Gubitosi as its new chief executive officer marks another victory for Elliott Management Corp in its push for a radical overhaul of the embattled phone company. The board, stacked with directors representing billionaire Paul Singer’s fund, chose the former Merrill Lynch banker at a meeting. Gubitosi succeeds Amos Genish, who was ousted ...

Bloomberg Nissan Motor Co. will remove Carlos Ghosn as chairman after he was arrested in Tokyo for violations of financial law, throwing the auto industry’s largest global alliance into turmoil. Ghosn, among the most prominent car-industry leaders globally and also the Chief Executive Officer of Renault SA, has been arrested over the suspected breach of Japanese financial trading law, the ...

Bloomberg China is starting an anti-dumping investigation on imports of Australian barley, sending a signal the world’s top commodity buyer may be increasing scrutiny of one of its most important suppliers. The one-year probe will start on Monday, and could be extended to May 19, 2020, according to a statement on the Ministry of Commerce’s website. Australian barley is being ...

Sharjah / Emirates Business The Sharjah FDI Office (Invest in Sharjah), the investment promotion agency dedicated to the continued transformation and economic diversification of Sharjah, has successfully eyed increased business opportunities with 80 industry experts and businesses from 20 European countries, during their participation in the “Going Global” business event which concluded in London. The annual event, which took place ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Ditmir Bushati, Minister of Foreign Affairs of Albania. During the meeting, the two sides discussed UAE-Albania ties and means to enhance bilateral cooperation between the two friendly countries. Sheikh Abdullah and Bushati also exchanged views on regional and international developments ...

ABU DHABI / WAM The Interfaith Alliance for Safer Communities Forum will kick-off on Monday in the nation’s capital, Abu Dhabi. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the UAE will host the first edition of the forum in recognition ...

Abu Dhabi / WAM The UAE will share with the Sultanate of Oman the celebration of its glorious National Day on Sunday in a gesture that strengthens the deeply-rooted historic bonds of fraternity, compassion and common destiny under the able leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Majesty Sultan Qaboos bin Said of Oman. ...

Bloomberg The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc. announced that Flipkart co-founder Binny Bansal was leaving the company after an independent probe into allegations of assault. While Bansal denies any wrongdoing and the investigators didn’t ...

Bloomberg Palladium prices are shattering record highs, and investors are betting that tight supplies mean the bull run is just getting started. The metal, used in pollution-control devices in cars, has jumped almost 9 percent this year in New York, the best performance among major metals. Demand is roaring thanks to China, which is on a mission to reduce smog ...

Bloomberg US Vice President Mike Pence traded sharp barbs with Chinese leader Xi Jinping in back-to-back speeches at a regional summit, showing that neither country appears to be giving ground in an escalating trade war. Xi received applause on Saturday when he told the Asia-Pacific Economic Cooperation (Apec) summit in Papua New Guinea that implementing tariffs and breaking up supply ...