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Uber ships self-driving cars to Arizona after California ban

  Bloomberg A few days of regulatory tussles were enough for Uber Technologies Inc. to pull its fleet of self-driving cars from the streets of San Francisco and send them instead to friendlier territory in Arizona. The California Department of Motor Vehicles banned Uber’s self-driving cars from San Francisco on Wednesday, just days after they first deployed. In response, Uber ...

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BT reinvests $360mn government subsidy in UK broadband

  Bloomberg The UK government is clawing back 292 million pounds ($360 million) in subsidies from BT Group Plc to reinvest in spreading super-fast broadband connections to businesses and homes in remote areas. Under a contract with the government, BT receives taxpayer funds to support the rollout of super-fast broadband, with speeds of 24 megabits per second or more, but ...

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State budget boosts Saudi, Egypt dips on profit-taking

  Reuters Saudi Arabia’s stock market rose sharply on Sunday in response to the release of the 2017 state budget, which includes an increase in government spending, while other major Gulf bourses were sluggish and Egypt retreated on profit-taking. The Saudi stock index added 1.5 percent to 7,191 points, nearing technical resistance on this year’s peak of 7,235 points, hit ...

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