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China’s Didi raises over $5.5bn in record tech funding

  Bloomberg Ride-hailing giant Didi Chuxing raised more than $5.5 billion from investors, scoring the largest round of funding ever for a technology company to bankroll an expansion beyond China and into driver-less technology. Didi, which drove Uber Technologies Inc. out of China last year, is already one of the country’s best-funded private companies: its backers range from powerful state ...

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Nintendo jumps on optimism that game sales will pick up

  Bloomberg Nintendo Co.’s shares jumped as much as 2.9 percent in Tokyo, reversing losses, as investors bet that the company’s lower-than-anticipated operating profit forecast will be raised when more people buy games for the new Switch hybrid console. Operating profit for the fiscal year through March 2018 will be $584 million, the Kyoto-based company said, which was short of ...

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Trump wins easier path to undo ‘clean power plan’

  Bloomberg President Donald Trump won a court ruling making it easier for him to rescind the Clean Power Plan, his predecessor’s program for weaning American power producers off of coal and other fossil fuels. The US Court of Appeals in Washington put a 26-state lawsuit challenging the plan on hold for 60 days without deciding whether the initiative is ...

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