World

UAE eyes deals on 1st official visit to Israel

The UAE and Bahrain are only the 3rd and 4th Arab states to normalise ties with Israel
DUBAI • A United Arab Emirates (UAE) delegation left on the ...

Hong Kong-Singapore travel bubble may have 1 flight a day

The number of flights under the agreement may change depending on the coronavirus situation
SINGAPORE • The travel bubble for Hong Kong and Singapore ...

SK Hynix in RM37.4b deal for Intel’s flash memory chip business

World No 2 maker of DRAM chips, SK Hynix has lagged in the market for flash memory NANDchipsin smartphones and USB storage drives
SEOUL • The world’s ...

Nokia seeks to block Lenovo sales in Germany

BERLIN • Nokia Oyj is seeking to block the sale of some Lenovo Group Ltd products in Germany after a patent victory in the country.
The action follows ...

Sweden bans Huawei, ZTE from new 5G infrastructure

STOCKHOLM • Sweden has banned Huawei Technologies Co Ltd and ZTE Corp from gaining access to its 5G wireless network, adding to the increasing number of ...

UBS best 3Q in a decade, despite Covid

ZURICH • Swiss banking giant UBS Group AG said yesterday it nearly doubled its net profit in its best third quarter (3Q)in a decade, the latest in a string ...

Biggest Dubai bank more than doubles provisions as profit dips

Emirates NBD increased impairment allowances, bringing the total to RM7b as profit declines
DUBAI • Emirates NBD PJSC braced for credit losses by more ...

Daimler: Hard Brexit will hurt even without a UK plant

FRANKFURT • Daimler AG probably will lose hundreds of millions of euros if the UK leaves the European Union (EU) without a trade deal, and its CEO is ...

Cathay to cut 6,000 jobs, close Dragon brand

It initially planned about 8,000 layoffs globally, but after govt intervention reduced that to 18% of its total workforce, including some 5,000 jobs in HK ...

Ant gets HKSE approval for IPO

HONG KONG • Jack Ma’s Ant Group Co Ltd won approval from the Hong Kong stock exchange (HKSE) for its IPO, clearing a key hurdle as the Chinese ...

Reuters: Didi seeks 2021 HK IPO at RM249b value

HONG KONG • Didi Chuxing has begun discussions with investment bankers about an IPO in Hong Kong next year that could value the Chinese ride-hailing leader ...

Ex-Trump Fundraiser Broidy Pleads Guilty to Illegal Lobbying

by BLOOMBERG/ pic by BLOOMBERG 
Elliott Broidy, once a top Republican fundraiser, pleaded guilty to illegally lobbying President Donald Trump’s ...