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Google could owe Oracle $8.8 billion in Java-Android fight

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Bloomberg Google could owe Oracle Corp. billions of dollars for using Oracle-owned Java programming code in its Android operating system on mobile devices, an appeals court said, as the years-long feud between the two software giants draws near a close. Google’s use of Java shortcuts to develop Android went too far and was a violation of Oracle’s copyrights, the US ...

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Uber, Tesla crashes prompt rivals to ‘get ahead’

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Bloomberg As the global auto industry vies to deploy driverless cars, some contenders may be cutting corners in a bid to get ahead, carmakers warned in the aftermath of the first pedestrian death tied to the emerging technology. “Some competitors, not by name because there are several, they’re trying to race to be the first one to show autonomous driving. ...

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SoftBank edging closer to buy $9.6 billion stake in Swiss Re

Softbank group corp. earnings for fiscal year 2016

Bloomberg SoftBank Group Corp. is edging closer to a deal to buy a stake in Swiss Re AG that would value the reinsurer at as much as $39 billion, according to people with knowledge of the matter. Billionaire Masayoshi Son’s SoftBank is holding talks to buy a 25 percent stake at about 100 Swiss francs to 105 Swiss francs a ...

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Toyota, Suzuki agree to sell each other’s vehicles in India

Toyota reports 29.5 per cent fall in 1st half operating profit

Bloomberg Toyota Motor Corp. and Suzuki Motor Corp. agreed to sell each other’s hybrid cars and other vehicles in India, deepening an alliance between the companies. Toyota will supply the Corolla to Suzuki, which in turn will make the Baleno and Vitara Brezza models available for Toyota, the companies said in a statement. The timing and number of supplied units, ...

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Palestinians seek protection as Israel blasts ‘terrorist’ March

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Bloomberg Israeli and Palestinian leaders blamed each other for the deaths of at least 16 Palestinians who were part of a mass protest along the Gaza border, with each side lobbing threats of escalating the violence. Palestinian Authority President Mahmoud Abbas said Israel was “fully responsible” for killing his countrymen, and a video appearing to show an unarmed teenager being ...

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Mohammed attends Post-Position Draw of Dubai World Cup

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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the Post-Position Draw for the Dubai World Cup 2018, which will take place on March 31, at Meydan Race Course in Dubai. His Highness welcomed the Dubai World Cup’s guests to the UAE, adding that the Cup ...

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Technology is misused by powers of darkness to control young generations

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SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah on Wednesday opened the 7th International Government Communication Forum (IGCF), at the Sharjah Expo Centre. “New technologies represent a dangerous weapon that is being misused by powers of darkness to control young generations,” HH Dr Sheikh Sultan said in his inaugural ...

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Adnoc signs deal to supply Naphtha to Japan, Thai firms for three years

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Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Wednesday the signing of two new agreements, with Idemitsu Kosan Co. Ltd. of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons of Naphtha per year. These deals follow the recent announcement from ADNOC that it had signed a similar ...

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Ways to boost UAE-South Korea trade relations in emerging sectors explored

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Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), received a high-ranking delegation from South Korea, led by Kim Dong-yeon, Minister of Strategy and Finance and Deputy Prime Minister. The meeting, held at the Dubai headquarters of the UAE Ministry of Economy, explored ways of enhancing synergies ...

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Netflix, Amazon.com face retail sales tax crackdown in Quebec

The amazon e trader's new logistics center

Bloomberg Quebec is getting serious about taxing Amazon.com Inc. and Netflix Inc. Canada’s second-most populous province said it would make the collection of the provincial sales tax mandatory for suppliers of goods and services based outside Quebec to put them on par with local rivals. Quebec expects the measures will enable it to recover C$155 million ($120 million) in lost ...

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