Technology

Universal said to eye industry bidder as buyout firms balk

By BLOOMBERG
LOS ANGELES • Vivendi SA is targeting strategic buyers for a stake in Universal Music Group (UMG) as some private equity (PE) investors ...

German output picks up in May as euro-area remains subdued

By BLOOMBERG
FRANKFURT • Germany’s private sector saw overall output improve for a second month in May, despite a slowdown in services and a workforce ...

Meituan losses narrow as it fends off Alibaba

By BLOOMBERG
HONG KONG • Meituan Dianping posted a narrower than anticipated loss after the Chinese Internet services giant managed to keep Alibaba ...

IndiGo declines most in year

By BLOOMBERG
NEW DELHI • IndiGo, India’s biggest airline, fell the most in a year amid reports its billionaire founders have hired law firms after ...

Temasek’s Vertex raises RM957m for SE Asia fund

By BLOOMBERG
SINGAPORE • Vertex Venture Holdings Ltd raised US$230 million (RM956.8 million) in the first close of its fourth South-East Asian fund to ...

Jet-powered flying taxi unveiled after 1st flight

By BLOOMBERG
LONDON • The world’s first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight. ...

First patents surface for Dyson electric car

By BLOOMBERG
SAN FRANCISCO • Dyson Ltd’s electric car may have a long wheel base, an interior cabin with reclining seats and an aerodynamic design, ...

Binance reports hack of 7,000 bitcoins

By BLOOMBERG
HONG KONG • Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoins worth about US$40 million ...

Apple preps push in India with shortlist for 1st retail store

By BLOOMBERG
BANGALORE • Apple Inc has finalised a shortlist of locations for its first retail store in India, according to people familiar with the ...

Vodafone’s Australia merger blocked by regulator

By BLOOMBERG
SYDNEY • A planned US$7.7 billion (RM31.95 billion) merger of Vodafone Group plc’s struggling Australian business with TPG Telecom Ltd was ...

Wirecard boosts profit forecast on payment growth

By BLOOMBERG
BERLIN • Wirecard AG raised its earnings forecast for the year after first-quarter (1Q) profit jumped on growing transactions, suggesting ...

Tencent swaps out PUBG for Chinese game

By BLOOMBERG
HONG KONG • Tencent Holdings Ltd unveiled its latest entry in the battle royale death-match genre yesterday, allowing China’s largest ...