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Bloomberg For the third time this month, a hurricane is spinning towards the already battered Caribbean and gathering strength along the way. The National Hurricane Center (NHC) upgraded tropical storm Maria to a hurricane as winds picked up to 150 kilometres per hour by Monday morning. The storm, 100 miles east of Martinique, is intensifying, and hurricane warnings have been ...

Bloomberg Slack Technologies Inc. closed a $250 million funding round led by SoftBank Group Corp.’s Vision Fund, giving it more ammunition for expansion in an increasingly competitive market for workplace messaging services. The financing round values the startup at $5.1 billion, up from $3.8 billion the last time. The Vision Fund is joined by Accel and other investors, Slack said. ...

Bloomberg London’s black cabs going electric shows the new wave of automobile technology is already reshaping the metals industry. After being closed for three years due to a weak market, Sapa SA’s aluminum plant in south Wales will reopen this week to supply lightweight parts for automakers such as London Electric Vehicle Co., the maker of black cabs. It’s part ...

Bloomberg Ford Motor Co. gave its lagging Indian operations a boost by reuniting with local SUV maker Mahindra & Mahindra Ltd. to explore electric cars and new technologies, as the US automaker tries to gain a foothold in a country that’s set to become the world’s third-biggest car market. Ford and Mahindra formed a partnership for three years, aiming to ...

Bloomberg For two decades Steve Davis has made it his life’s work to save the Florida Everglades. Davis, a wetland ecologist with the Everglades Foundation, has been part of a push to restore millions of acres of marsh grasses and mangroves to their natural state. The effort, comprised nearly six-dozen projects carrying an estimated price tag of $16 billion, is ...

Bloomberg Saudi Arabia plans to seek bidders for the construction of a 1,000-mile (1,600-kilometer) railroad linking the Red Sea with the Persian Gulf as early as the end of this year, signaling the go ahead for a long-delayed project seen as vital to reducing the economy’s dependence on oil. The so-called Land Bridge line will shave around three days off ...

Bloomberg Oil traded near $50 a barrel in New York, close to a three-month high, as a further reduction in US drilling added to signs the global crude surplus is abating. West Texas Intermediate futures were little changed after advancing 5.1 percent last week. Rigs targeting crude fell by seven to 749, according to data from Baker Hughes. Drillers haven’t ...

Bloomberg Bahrain refused to process bids by Qatari investors for its largest-ever bond offering after cutting ties with the gas-rich Gulf state in June, according to two people familiar with the matter. Doha-based companies that submitted bids for Bahrain’s $3 billion debt sale last week weren’t given allocations because the island state, along with other Gulf economies, are cutting their ...

Bloomberg Algeria’s prime minister laid out a sweeping plan to plug the budget deficit that would include direct borrowing from the central bank, as the OPEC member looks to compensate for lower oil revenue without tapping international debt markets. The five-year plan presented by Prime Minister Ahmed Ouyahia aims to balance the budget by 2022, and reverse a deficit that ...

Bloomberg It’s no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they’re reducing their greenhouse-gas footprints every year, actively participating in a trend that’s swept up most corporate behemoths. Sixty-two of the world’s 100 largest companies consistently cut their emissions on an annual basis between 2010 and 2015, with an ...