Bloomberg Uber Technologies Inc sold its self-driving car division to Aurora Innovation Inc and took a stake in the startup, creating a larger competitor to the leader in the field, Alphabet Inc’s Waymo. The deal will value Aurora at $10 billion, according to people familiar with the discussions who asked not to be identified discussing private information. In exchange for ...

Bloomberg Most stocks dropped and US futures retreated as investors focused on swelling coronavirus infections and tougher restrictions. After global equities hit an all-time high last week, sentiment has softened this week in the face of a worsening virus trends, with Hong Kong shutting gyms and New York warning that indoor dining might soon close. S&P 500 futures slipped 0.3% ...

Bloomberg India’s record-breaking equity rally will continue next year, with banks and other stocks taking over as drivers from the nation’s largest company Reliance Industries, some fund managers say. Reliance has accounted for nearly a fifth of the 75% surge in the S&P BSE Sensex from its March bottom, according to data compiled by Bloomberg. That’s about double the contribution ...

Bloomberg South Africa’s main stock benchmark index halted a five-day rally, dropping 0.1% by 9:45 am in Johannesburg and slipping from the highest close since April 2019, as a downturn in miners and weakness among banks pulls the market lower. The gauge joined peers in Asia in declining on Tuesday, as swelling coronavirus infections across the US weighed on risk ...

ABU DHABI / WAM Abraham Accords proves that decades-long disputes can be solved through negotiations, which could be possible in the Korean peace process as well, South Korea’s top diplomat told Emirates News Agency. “I think looking at the breakthrough here with Abraham Accords, you realise how with bold decision making, you can really make big changes. We have also ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah), has successfully achieved 100% of the rated reactor power capacity for Unit 1 of the Barakah Nuclear Energy Plant. This major milestone brings the Barakah plant one step closer to commencing commercial operations, scheduled in early 2021. 100% ...

ABU DHABI / WAM A medical team at Sheikh Khalifa Medical City (SKMC) has successfully performed a breakthrough life-saving surgery on an infant, Adam, suffering from complex congenital heart defect. The complex corrective heart surgery, first of its kind in the UAE, was performed at the Seha-affiliated hospital, with the use of the latest imaging devices and 3D printing technology ...

Abu Dhabi / WAM Abu Dhabi Media, the UAE’s leading public service broadcaster, and i24NEWS, an international news network based in Israel that broadcasts in Arabic, English and French from studios in Jaffa Port, the US and Europe, have signed a Memorandum of Understanding that will see both media companies collaborate on multiple fronts including shared reporting and library content, ...

Bloomberg Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 1.9% in New York, with the dollar trading higher and European stock markets declining. It follows a rally last week after Opec and its allies agreed to add 500,000 barrels a day of output from January to a ...

Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, has joined the £65 million Digital Aviation Research and Technology Centre (DARTeC) consortium, due to open next year at Cranfield University in the UK. As the first airline to join the DARTeC consortium and a leading industry innovator, Etihad’s expertise across the fundamental fields of sustainability, ...