Japan to tighten screws on tech giants to ensure transparency

Tokyo: Japan will tighten regulations to prevent technology giants including Facebook Inc and Google from abusing their market power and having unfair advantage over small businesses, officials said on Tuesday. The new law would oblige tech giants, including Google LLC, Apple Inc, Facebook Inc and Amazon.com Inc to disclose the terms of contracts with customers […]

Gold steady as markets crave US-China trade deal details

New York: Gold traded sideways on Tuesday, as a lack of concrete details about an interim US-China trade deal kept investors from making firm bets, while palladium prices were set to break above the key $2,000 (Dh7,345) per ounce level for the first time. Palladium was 0.5 per cent higher at $1,987.59 an ounce by […]

Short-seller Muddy Waters goes short on NMC Health

Dubai: US-based short-seller Muddy Waters on Tuesday acquired a short position in UAE-based NMC Health Plc, sending the hospital operator’s London-listed shares plummeting nearly 30 per cent. Short seller Carson Block’s firm expressed “serious doubts” about the NMC Health’s reported profits and debts, while also questioning the value of NMC’s assets, cash balance. “NMC’s reported […]

Kerala government to showcase over 100 projects to global investors

Kerala: To attract industrial investments and provide a thriving environment for enterprises in the state, the Kerala government has readied more than 100 projects that would be showcased to potential investors at the upcoming ASCEND 2020 Global Investors Meet. Organised by Department of Industries, the event is scheduled for January 9-10 next year at Lulu […]