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  • DUBAI, Feb 25- Saudi Arabia's annual consumer price inflation jumped to 3.0 percent in January after the government introduced a 5 percent value-added tax and hiked domestic gasoline prices at the start of the year, official data showed on Sunday. The figures suggested the new tax and more expensive fuel, part of a government drive to cut a big budget deficit...

  • BERLIN, Feb 25- Daimler and its Chinese partner BAIC plan to invest almost $2 billion in a state-of-the-art factory in China, underlining their relationship as rival Geely makes a surprise swoop on the German carmaker. The two will invest more than 11.9 billion yuan in modernising a plant to build premium Mercedes-Benz cars including electric vehicles, BAIC...

  • BARCELONA, Feb 25- Europe does not have the catalysts for rapid, large-scale rollouts for next-generation 5 G networks, Nokia CEO Rajeev Suri said on Sunday. "Far and away, the U.S. and China activity will dwarf Europe... He noted that existing 4 G capacity in Europe needs to get soaked up before operators are prepared to invest in new networks.

  • Civil liberty advocates say both acts could become illegal under a Georgia bill aimed at "online snooping." "The measure has passed the Senate and awaits House input. Carr says Georgia is one of only three states without a law against online snooping, in which a hacker neither disrupts nor steals data.

  • *Microsoft balked at handing over data stored in Ireland. WASHINGTON, Feb 25- A major privacy rights fight between Microsoft Corp and the Justice Department reaches the Supreme Court this week, with the justices considering whether U.S. law allows prosecutors to compel technology companies to hand over data stored overseas. The Justice Department said...

  • BARCELONA, Feb 25- Major corporations are learning to defend against start-ups that threaten their business models, hitting back by adopting the disruptors' playbook, according to a survey of top executives by computer services firm IBM. The proportion of executives who thought competitors were set to flood into their industry has halved from 54 percent to 26...

  • NEW YORK, Feb 23- A surge in bond yields that sent stock markets skidding from record highs this month may have ripple effects outside Wall Street, as home ownership costs rise and nest eggs shrink. There is a risk if this continues, "said Gregory Daco, chief economist at Oxford Economics in New York. Investors await Fed Chairman Jerome Powell's remarks before...

  • *Berlin sees no need to act on Geely's Daimler stake acquisition. *Daimler, Berlin decline comment on meetings. BERLIN, Feb 25- The purchase by Chinese carmaker Geely of an almost 10 percent stake in Germany's Daimler is a company decision and there is no need for Berlin to take action, a German government spokesman said on Sunday.

  • HONG KONG, Feb 25- Baic Motor Corporation and Daimler AG are planning to co-invest more than 11.9 billion yuan to build a new local production base for their joint venture, Beijing Benz Automative, Baic said on Sunday. In a statement to the Hong Kong stock exchange dated Feb. 23, Baic said the new factory would manufacture various Mercedes-Benz products in China...

  • SEOUL, Feb 25- Members of a high-level North Korean delegation visiting South Korea for the closing ceremony of the Pyeongchang Winter Olympics said North Korea was open to talks with the United States, the South's presidential office said.

  • BARCELONA, Feb 25- Cisco Systems said on Sunday it aims to disrupt the wireless radio access market led by Huawei, Ericsson and Nokia by backing challengers who make more flexible software versions of traditional mobile gear. The Silicon Valley company made the announcement ahead of this week's Mobile World Congress in Barcelona, where hundreds of telecom...

  • LONDON— British Labour Party leader Jeremy Corbyn is facing increasing pressure to change the party's Brexit stance ahead of a key speech on Britain's plan to leave the European Union. More than 80 senior Labour Party figures signed a statement published Sunday in The Observer calling for Britain to remain in the EU's single market and the customs union after...

  • NEW YORK— The National Rifle Association, and now the State of Florida, faced a growing backlash Saturday as companies cut ties to the gun industry following the latest school massacre, and student survivors called for tourism boycotts of their home state until gun control measures are enacted. Corporate ties to the NRA aren't the only elements undergoing...

  • SHANGHAI, Feb 25- When the Chinese government on Friday took control of Anbang Insurance Group Co Ltd, owner of New York's iconic Waldorf Astoria Hotel, it cited provisions in the country's insurance law designed to head off financial calamity. "I think any private players in the financial sector who are big enough to potentially be a headache for the government...

  • JERUSALEM, Feb 25- Bezeq Israel Telecom's board will hold a special meeting on Sunday, a source close to the company said, while Israeli media reported that Chief Executive Stella Handler, who is in police custody, could be replaced at least temporarily. Handler and another company official were arrested last week in connection with the Israel Securities...

  • Defense analysts believe that drone, the Wing Loong II, is now being used by the Emirati military while the UAE remains barred from purchasing weaponized drones from the United States. Top UAE officials, including Abu Dhabi's powerful crown prince, Mohammed bin Zayed Al Nahyan, were on hand for the drone conference, which opened on Sunday. Al-Dhafra Air Base near...

  • DUBAI, Feb 25- Gulf stock markets rose in early trade on Sunday in response to gains in global bourses and oil prices at the end of last week, with Saudi Arabian petrochemicals in particular climbing because of Brent crude oil's rebound to the $67 a barrel level. The loss was larger than the 90 million riyal loss forecast by SICO Bahrain, but much smaller than the 417...

  • That was larger than the 90 million riyal loss forecast by SICO Bahrain but much smaller than the 417 million riyal loss predicted by NCB Capital. Abdulmohsen Al Hokair Group for Tourism and Development may see selling after reporting that annual net profit shrank to 8.7 million riyals from 126.3 million riyals; it cited low demand from individuals and...

  • Survivors of a mass shooting at a Florida high school are hoping to expand the reach of their gun control movement by seeking a boycott of companies doing business with the NRA and urging tourists to boycott the Sunshine State. Rental-car company Hertz said it would no longer offer a discount program to NRA members and First National Bank of Omaha, one of the...

  • Feb 24- Bank of America Corp on Saturday became the latest financial heavyweight to take aim at gunmakers, saying it would ask clients who make assault rifles how they can help end mass shootings like last week's massacre at a Florida high school. The weapons have been widely used in U.S. mass shootings, including the one on Feb. 14 that killed 17 people at Marjory...