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Bloomberg European Union negotiators reached agreement on tighter caps on carbon dioxide from cars in a bid to spur the development of clean vehicles. Representatives of EU governments and the European Parliament fixed a 37.5 percent CO2-reduction target for 2030 compared with the 2021 limit. The deal in Brussels marks a compromise after the 28-nation Parliament in early October demanded ...

Bloomberg A UK startup that designs semiconductors used for artificial intelligence applications has raised $200 million from investors including BMW AG and Microsoft Corp. Graphcore Ltd is one of a number of companies trying to design a new class of chips that will be better at crunching the vast amount of data needed to make computers smarter. They argue that ...

Bloomberg UK Prime Minister Theresa May has given herself another four weeks to save the Brexit deal she says is still the only way to avoid a chaotic split from the European Union. Last week, May called off a parliamentary vote scheduled for December 11 on the withdrawal agreement after concluding it would be defeated amid overwhelming opposition from politicians ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Monday at the Beach Palace in Abu Dhabi, the Speaker of the National Assembly of South Korea, Moon Hee-sang, and his accompanying delegation. Dr Amal Abdullah Al Qubaisi, Speaker of Federal National ...

Dubai / Emirates Business In line with its efforts to support the UAE National Innovation Strategy, His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance (MoF), on Monday launched the Mohammed Bin Rashid Innovation Fund Accelerator. The launch took place at a special event held at Dubai Opera, in the presence of HE ...

DUBAI / WAM Following the decision by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, declaring 2019 as the ‘Year of Tolerance’, the Vice President, Prime Minister and Ruler of Dubai, directed the formation of the ‘Supreme National Committee for Tolerance’. The newly formed Committee for Tolerance will be chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, ...

Dubai / WAM The UAE government launched an interactive initiative, titled, ‘Government Experience Dialogue’, to showcase innovative technologies and the latest developments of leading companies and institutions, as well as to explain the effects of these technologies on future government services. The dialogue sessions are part of a series of initiatives that aim to gather decision-makers and international experts, to ...

Bloomberg In the uproar over Carlos Ghosn’s alleged financial improprieties, the former chairman of Nissan Motor Co. has received most of the heat. Now, the scrutiny has expanded to the role of the Japanese automaker and its chief executive officer: Hiroto Saikawa. Tokyo prosecutors on December 10 indicted Nissan, as well as Ghosn, for allegedly misleading investors and the government ...

Bloomberg Takeda Pharmaceutical Co.’s credit rating was cut by Moody’s Investors Service, which cited the drugmakers’ ballooning debt level following its $62 billion acquisition of Shire Plc. Moody’s cut Takeda’s credit rating three notches to Baa2 from A2, according to a statement. That’s still investment grade, and Moody’s said the outlook is stable based on expectations that Takeda will reduce ...

Bloomberg Greenhouse gas emissions from power plants, cars and other uses of energy in the US are on the rise again after several years of declines, according to new government data that defies the Trump administration’s argument for rolling back regulations to fight pollution. Energy-related carbon dioxide emissions — a category that includes electric power generation and transportation fuel use ...