Business

Israel will import from UAE free zones, Netanyahu says

Israel will import from free zones in the United Arab Emirates, Prime Minister Benjamin Netanyahu said in an interview with Sky News Arabia on Monday. “We know that we will get good prices,” he said. Israel and the UAE announced on Thursday they would normalise relations under a U.S.-sponsored deal. The UAE’s free zones are […]

Business

Israeli investor glee met with Emirati caution after deal on ties

From a proposed rail link to the Gulf from the Israeli port of Haifa, to quick-hop direct flights from Tel Aviv, the prospect of formal relations with the United Arab Emirates is stirring excitement in Israel. In the UAE, which Israeli business executives with foreign passports have visited for years, companies that are likely candidates […]

Business

Robinhood valuation surges to $11.2 billion after latest funding round

Robinhood Markets Inc, the fintech startup credited with helping popularize trading among millennials, said on Monday it has raised $200 million from investment firm D1 Capital Partners at a valuation of $11.2 billion. Robinhood is one of the hottest fintech startups in Silicon Valley, having consistently raised large sums at higher valuations from several marquee […]

Business

U.S. appeals court voids Tiffany’s judgment against Costco over fake ‘Tiffany’ rings

A federal appeals court on Monday overturned Tiffany & Co’s $21 million judgment against Costco Wholesale Corp over the warehouse club chain’s sale of generic diamond engagement rings bearing the “Tiffany” name. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge erred in finding Costco liable for selling the rings, […]

Business

SoftBank builds $1.2 billion Amazon stake; invests in Netflix, Tesla

SoftBank Group Corp (9984.T) has built a stake worth around $1.2 billion in e-commerce firm Amazon (AMZN.O), regulatory filings showed on Monday, as the tech conglomerate expands its investing activities beyond its recent focus on unlisted startups. Chief Executive Masayoshi Son last week announced a new investment management subsidiary that would park excess cash from […]

Business

Apple expands independent repair shop program to Mac computers

Apple Inc said on Monday it had expanded a program that provides parts and training to independent repair shops to cover its Mac computers. Apple initially launched the program last year, but it only covered iPhones, the company’s biggest-selling product. Mac users previously either had to use Apple or an authorized warranty service provider to […]