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Bloomberg Megvii Inc., a Chinese developer of facial-recognition technology, has raised about $460 million from investors including billionaire Jack Ma’s Ant Financial and one of China’s largest state-backed venture funds, according to a person familiar with the matter. The Beijing-based company, also known as Face++, has attracted several other investors including the Russia-China Investment Fund, a venture backed by sovereign ...

­­­­­­­­­­­Bloomberg SoftBank Group Corp.’s talks to merge US unit Sprint Corp. with T-Mobile US Inc. have hit a serious snag, according to people familiar with the matter, throwing the deal into jeopardy after months of talks. In the past three days, the companies have been unable to get past differences over valuation, according to a person close to T-Mobile parent ...

Bloomberg Look out, Detroit: Toyota Motor Corp. is on a roll in the US. Toyota took 15 percent market share last quarter for the first time since 2009. Its RAV4 car-based sport utility vehicle is the industry’s most popular vehicle this year aside from the top pickups, outselling even its own Camry midsize sedan. It beat Ford Motor Co. each ...

Bloomberg Ironically, Cobalt, Ontario—population 1,100—was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down an abandoned 350-foot shaft in the middle of the shop floor and keep ...

Bloomberg South Korean President Moon Jae-in is seeking a detente with both North Korea and China in a bid to calm tensions a week before US President Donald Trump arrives in Seoul. South Korea and China on Tuesday agreed to move beyond a year-long dispute over Seoul’s decision to deploy a US missile shield, paving the way for closer ties ...

Abu Dhabi / WAM The convening of the ‘International Ministerial Conference on Nuclear Power in the 21st Century’ in Abu Dhabi comes within the framework of UAE’s aspirations and vision for the future of nuclear energy as a new artery in the network of vital clean energy investments for sustainable development, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...

Abu Dhabi / Emirates Business His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, inaugurated the 2017 joint ISES Solar World Congress and IEA SHC International Conference on Solar Heating and Cooling for Buildings and Industry (SWC and SHC 2017), which kicked-off in Abu Dhabi on Monday. More than 500 renewable energy researchers and ...

DUBAI / Emirates Business Dubai World Trade Centre (DWTC) is preparing for the fourth edition of its Gulfood Manufacturing, the Middle East’s largest food, beverage, manufacturing and processing exhibition, which promises to be the biggest show to date, shining the spotlight on thousands of the latest food industry solutions and hot topics such as Value Added Tax (VAT) and sector-shaping ...

DUBAI / Emirates Business Under the patronage of HE Dr Abdullah Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, the third Maritime Academic Conference & Expo (MARACAD 2017) was held at the Dubai World Trade Centre. MARACAD was held amid the UAE’s comprehensive international campaign to rally support for its ...

Bloomberg Toyota Motor Corp. is eyeing airless tires to help reduce the weight of battery-electric and fuel-cell vehicles and boost performance, even though the technology is years away from being ready for commercial use. The automaker is using airless tires—featuring individual motors in each wheel—on a vehicle for the first time with its hydrogen-powered concept car, Fine-Comfort Ride, unveiled at ...