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  Bloomberg Ford Motor Co. is investing $1 billion in a months-old startup founded by two pioneers in the nascent autonomous vehicle sector. The Pittsburgh-based artificial intelligence company Argo AI will develop the brains — specifically, a virtual driver system — for the fully autonomous vehicles Ford has promised to bring to market in 2021. Founders Bryan Salesky and Peter ...

  Abu Dhabi / Emirates Business HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Board of Trustees of the Emirates Diplomatic Academy (EDA) lauded the academy for its significant role in enhancing the UAE’s achievements in supporting diplomacy and international relations. He also stressed the importance of developing co-operation with ...

  Abu Dhabi / WAM Masdar, Abu Dhabi’s renewable energy company, announced on Thursday that its second large-scale offshore wind farm in the United Kingdom has started supplying electricity to British homes. Around six thousand households are now receiving power from the Dudgeon Offshore Wind Farm after the project’s first turbine began operating today. Sixty-seven 6-megawatt (MW) turbines will be installed ...

  Sharjah / Emirates Business Air Arabia (PJSC) on Thursday announced full-year financial results for 2016 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver healthy growth and strong levels of profitability despite challenging market conditions. Air Arabia’s net profit for the full year ending December 31, 2016 was AED 509 million, a 4 ...

  Bloomberg Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place. Krzanich, speaking in the Oval Office, called the investment an expansion of ...

  Bloomberg Thyssenkrupp AG, the German steelmaker in the midst of a corporate transformation, dropped the most in three months after reporting negative free cash flow widened in the first quarter. While the company posted better-than-expected fiscal first-quarter profit as steel prices recovered, negative free cash flow before mergers and acquisitions doubled to 1.74 billion euros ($1.86 billion) due to ...

  WASHINGTON / AP President Donald Trump’s extended criticism of the judiciary prompted a rebuke from his nominee for the Supreme Court, who told a senator the president’s comments were “demoralizing and disheartening.” Judge Neil Gorsuch, who was nominated by Trump to the nation’s high court last week, made the comments Wednesday after Trump accused an appellate court considering his ...

  Bloomberg SoftBank Group Corp. is aiming to close the first round of investment in its planned $100 billion technology fund by the end of this month, giving Chief Executive Officer Masayoshi Son an enormous war chest to go on the hunt for deals, according to people familiar with the matter. The initial investments will likely include $45 billion from ...

  Bloomberg The board of Infosys Ltd., India’s second-largest technology services company, is facing questions over executive compensation and corporate governance in a letter sent by at least three of its founders, according to people with knowledge of the matter. Narayana Murthy, Nandan Nilekani and Kris Gopalakrishnan have signed the document asking why Chief Executive Officer Vishal Sikka’s compensation was ...

  Bloomberg Britain’s decision to leave the Europe Union is raising risks for 66,000 workers in the nuclear power industry and threatening to disrupt the flow of atomic fuel across international borders. The government in deciding to quit the EU also plans to pull out of the continent’s 60-year-old nuclear safety and research organization, according to a February 2 policy ...