Carlos Ghosn’s wife questioned in Tokyo

TOKYO: The wife of former Nissan boss Carlos Ghosn arrived at a Tokyo court on Thursday for a closed-door hearing to answer questions over her husband’s alleged financial misconduct, according to local media. Carole Ghosn has increasingly emerged as a key figure in the case surrounding her tycoon husband, who is in detention facing multiple […]

Uber sets IPO in motion, seeks to ‘ignite opportunity’

San Francisco: Uber filed documents Thursday for its much-anticipated public share offering expected to be the largest in the tech sector in years, and a bellwether for other venture-backed startups eyeing Wall Street listing. The filing with the Securities and Exchange Commission contained no specific pricing or timing for the market debut for Uber, which […]

Etisalat working with China’s Oppo to deliver 5G smartphones in UAE

Dubai: Chinese smartphone maker Oppo is working with Etisalat to deliver 5G smartphones to the UAE market, it has been announced. According to Zhang Zhi, 5G expert from Oppo, the Asian company is teaming up with the UAE telecom services provider to test the compatibility of its 5G smartphones with Etisalat’s 5G network. It will […]

India’s weak power demand points to more slowdown

Mumbai: India is witnessing a listless growth in electricity demand, possibly signalling more slowdown in Asia’s third-largest economy. Electricity requirement from distribution utilities in February rose 1.3 per cent from a year earlier and barely changed from January’s 1.1 per cent, the weakest growth in two years, according to the power ministry’s Central Electricity Authority. […]