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Delphi buys self-driving startup NuTonomy for $450 million

Bloomberg Delphi Automotive Plc agreed to acquire self-driving startup NuTonomy Inc. for $450 million, speeding up its plans to supply carmakers with autonomous vehicle systems. NuTonomy will add more than 100 employees, including 70 engineers and scientists, to roughly double Delphi’s team developing autonomous driving software, according to a statement. The company was spun out from a research and technology ...

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Google’s new software to make chemists’ use easy

Bloomberg Google unveiled software aimed at making it easier for scientists to use the quantum computers in a move designed to give a boost to the nascent industry. The software, which is open-source and free to use, could be used by chemists and material scientists to adapt algorithms and equations to run on quantum computers. It comes at a time ...

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Nintendo takes Animal Crossing to phones in new move

Bloomberg Nintendo Co. has made its biggest move in mobile gaming so far with plans to add Animal Crossing: Pocket Camp as its third smartphone title. The game will be available on both Apple Inc.’s iOS and Android from late November and is the first smartphone iteration of a popular series about anthropomorphic animals. It will be free to download ...

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Draghi’s fresh stimulus provokes ‘dissent’

Bloomberg As markets cheer European Central Bank President Mario Draghi for keeping the exit from monetary stimulus wide open, the decision is sitting uneasily with some of his colleagues. A day after policy makers extended their bond-buying program for a third time and pledged to do yet more if needed, Bundesbank President Jens Weidmann went public with his opposition by ...

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BOE may split on UK rate hike

Bloomberg Not everyone at the Bank of England will be on board with raising interest rates. While November 2 may see the UK’s first rate increase in more than a decade, economists surveyed by Bloomberg say three out of nine officials on the Monetary Policy Committee will vote against the move. That’s based on the median estimate from 24 responses. ...

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Barclays, US set to renew talks on toxic mortgages

Bloomberg Barclays Plc and the US Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation. The Justice Department has responded in recent weeks to requests from the London-based bank to reopen negotiations, said the people, ...

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UBS buoyed by corporate finance team

Bloomberg UBS Group AG relied on its corporate finance business to boost profit for the investment bank in a tough quarter for trading. The division that advises companies on mergers and helps them with share and debt sales generated 35 percent more income in the three months through September. Landmark transactions supported the performance, UBS said, while stock-related activities contributed ...

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Deutsche Bank sued $13 million over unpaid bonus

Bloomberg Deutsche Bank AG was sued by Colin Fan, the former co-head of its investment banking unit, for at least 10 million pounds ($13 million) over unvested share awards the lender said were cancelled after a probe into personal trades that breached conflict-of-interest rules. Details about Fan’s case were disclosed in a short claim form from July and the lender’s ...

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Boeing to gain as China agrees to recognise US safety approval

Bloomberg The US and China agreed to recognise the other’s aircraft safety approvals, which may boost the Asian nation’s burgeoning aviation industry and make it easier for companies like Boeing Co. to sell products there. The US-China Bilateral Aviation Safety Agreement was announced before President Donald Trump is set to travel to China. Trump will travel to China from November ...

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American Airlines leads US in passenger racial complaints

Bloomberg American Airlines passengers have filed 29 complaints of racial discrimination in the last 20 months, the most of any airline flying in the US, according to data compiled by the US Department of Transportation. While air travellers are often unhappy, American’s treatment of African-American passengers has recently come under particular scrutiny. The National Association for the Advancement of Colored ...

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