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Bloomberg As the global auto industry vies to deploy driverless cars, some contenders may be cutting corners in a bid to get ahead, carmakers warned in the aftermath of the first pedestrian death tied to the emerging technology. “Some competitors, not by name because there are several, they’re trying to race to be the first one to show autonomous driving. ...

Bloomberg SoftBank Group Corp. is edging closer to a deal to buy a stake in Swiss Re AG that would value the reinsurer at as much as $39 billion, according to people with knowledge of the matter. Billionaire Masayoshi Son’s SoftBank is holding talks to buy a 25 percent stake at about 100 Swiss francs to 105 Swiss francs a ...

Bloomberg Toyota Motor Corp. and Suzuki Motor Corp. agreed to sell each other’s hybrid cars and other vehicles in India, deepening an alliance between the companies. Toyota will supply the Corolla to Suzuki, which in turn will make the Baleno and Vitara Brezza models available for Toyota, the companies said in a statement. The timing and number of supplied units, ...

Bloomberg Israeli and Palestinian leaders blamed each other for the deaths of at least 16 Palestinians who were part of a mass protest along the Gaza border, with each side lobbing threats of escalating the violence. Palestinian Authority President Mahmoud Abbas said Israel was “fully responsible” for killing his countrymen, and a video appearing to show an unarmed teenager being ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the Post-Position Draw for the Dubai World Cup 2018, which will take place on March 31, at Meydan Race Course in Dubai. His Highness welcomed the Dubai World Cup’s guests to the UAE, adding that the Cup ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah on Wednesday opened the 7th International Government Communication Forum (IGCF), at the Sharjah Expo Centre. “New technologies represent a dangerous weapon that is being misused by powers of darkness to control young generations,” HH Dr Sheikh Sultan said in his inaugural ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), announced on Wednesday the signing of two new agreements, with Idemitsu Kosan Co. Ltd. of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons of Naphtha per year. These deals follow the recent announcement from ADNOC that it had signed a similar ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), received a high-ranking delegation from South Korea, led by Kim Dong-yeon, Minister of Strategy and Finance and Deputy Prime Minister. The meeting, held at the Dubai headquarters of the UAE Ministry of Economy, explored ways of enhancing synergies ...

Bloomberg Quebec is getting serious about taxing Amazon.com Inc. and Netflix Inc. Canada’s second-most populous province said it would make the collection of the provincial sales tax mandatory for suppliers of goods and services based outside Quebec to put them on par with local rivals. Quebec expects the measures will enable it to recover C$155 million ($120 million) in lost ...

Bloomberg BMW AG joined the growing list of carmakers sued by US drivers for installing software designed to cheat diesel-emissions tests. Drivers of “tens of thousands” of X5 and 335D model diesel cars built between 2009 and 2011 sued BMW and its technology supplier, Robert Bosch GmbH, alleging they installed algorithms designed to manipulate testing systems, using methods similar to ...