Bloomberg As Tesla founder Elon Musk promises to change the world, starting with giant battery factory in the Nevada desert, investors from Toronto to Tokyo are quietly developing the next-generation technologies that may actually get him there. Batteries, especially the lithium-ion variety used in mobile phones and electric cars, are likely to dominate the $44 billion or more spent …

  Bloomberg For the world’s top tech fund, Facebook Inc. is finally cheap enough to buy. DNB Nordic Technology, the best performing tech fund over the past 10 years, according to data compiled by Bloomberg, started buying Facebook shares in July. “For the first time, we think the stock doesn’t look that expensive in relation to the figures they deliver,” …

  Bloomberg As it firms up plans to upend the auto industry, Apple Inc. is looking toward British carmaker McLaren and San Francisco-based startup Lit Motors for help. Both would give Apple some of the know-how needed to compete head to head against or forge a meaningful partnership with automakers. Yet the two companies exist on opposite ends of the …

  Bloomberg A teardown of the latest generation iPhone 7 shows that in terms of material costs, the new handset is not a rip off. According to the customary IHS teardown that follows the launch of any digital object of desire, if the cost of the latest iPhone were based purely on its materials plus the labor required to put …

  Reuters Stocks in the Gulf rallied on Thursday, taking their cue from global shares after the Federal Reserve left U.S. interest rates unchanged and indicated a slower pace of future hikes. Dubai’s main index was the top gainer among its regional peers, jumping 2.0 percent in the most active trade of the week as nine-tenths of the traded shares …

  AFP European stock markets rallied on Thursday, after solid gains in Asia, as the US Federal Reserve opted against lifting interest rates — but signalled action later this year. The Fed kept its benchmark interest rate unchanged for the sixth straight meeting, saying it needs to see a bit more sign of strength in the US economy. However, Fed …

  Emirates Business Acer unveiled and showcased its latest range of products at a highly-anticipated annual Middle East press conference at Dubai’s Westin Mina Siyahi recently. The event also hosted a number of key speakers, including Daniel Trachino, General Manager of Acer Middle East & Africa, John Miedema, Director of Product Management for Acer EMEA and Joumana Karam, Product Business …

  Emirates Business At IFA 2016, Huawei Consumer Business Group debuted the Huawei nova and the Huawei nova plus, the first smartphones in the new series designed to meet the needs of today’s most dynamic consumers. The new nova series features stunning multi-curve design features, camera advances for more vivid photography and performance updates for enhanced usability. Every feature of …

  Bloomberg Coming off its best Christmas in years, the US toy industry is wagering that the Pokemon Go craze will command a lot of space on kids’ wish lists. Pokemon-branded video games from Nintendo Co. and a plush Pikachu character that wiggles its ears from Tomy Co. highlight the Toy Insider’s Hot 20 list, an industry publication’s best guess …

  Bloomberg More than 1.1 million US workers would lose their jobs because of tougher fuel-economy regulations coming next decade if prices at the gasoline pump remain low in America, a new study found. With low fuel prices, consumers won’t get the payback they are expecting from expensive fuel-saving technology as automakers strive to reach a US mandate to achieve …