Apple profits fuelled by services, wearables

New York: Apple on Wednesday reported strong-than-expected profits for the past quarter, fuelled by growth in digital services and wearables that helped offset slower iPhone sales. Profit in the quarter ending in September dipped four per cent from a year ago to $13.7 billion (Dh50.3 billion) while revenues edged up two per cent to $64 […]

Branson’s Virgin Galactic space venture jumps in NYSE debut

New York: Richard Branson’s Virgin Galactic Holdings Inc. became the first space-tourism business to go public as it began trading Monday on the New York Stock Exchange. The listing, carried out through a merger with shell investment company that was already trading, secures vital new funding for Branson as the British entrepreneur competes with fellow […]

Chairman of Dubai’s Damac buys Italian fashion group Roberto Cavalli

Dubai: Dubai-based Vision Investment Company, the private investment vehicle of Damac Properties Group Chairman Hussain Sajwani, has bought Italian fashion house Roberto Cavalli. “Vision Investment Company, part of the DICO Group, which is the private investment vehicle of Mr Sajwani, has made the purchase. We will make further comments in due course,” according to a […]