BlackBerry to raise $605 million from shareholder Fairfax, others
Troubled smartphone maker BlackBerry Ltd said it would raise about $605 million by selling convertible debentures to shareholder Fairfax Financial Holdings Ltd and other investors.
BRUSSELS The European Commission will accept a pledge by Samsung Electronics 005930.ks not to seek injunctions against licensees of its patents for smartphones and tablets, the European Union's antitrust authority said on Tuesday.
"I welcome Samsung's commitment to resolve disputes on standard essential patents without having recourse to injunctions in a way that could harm competition," said Joaquin Almunia, the commissioner in charge of competition enforcement.
(Reporting By John O'Donnell; editing by Robert-Jan Bartunek)
ABU DHABI Ride-hailing companies Uber and Careem have suspended services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday and do not know when they can resume operations, they said on Sunday.
JERUSALEM Israeli technology company Shellanoo is planning to raise at least 100 million shekels ($26.5 million) in an initial public offering (IPO) on the Tel Aviv Stock Exchange in late September or October, it said on Sunday.