Bloomberg Sugar output in the world’s second-biggest producer may shrink further as mills in some states shut early after drought curbed cane supply. Production in the year that began Oct. 1 is set to total 20.4 million metric tons, according to the median estimate of six traders and analysts surveyed by Bloomberg. That’s the lowest in seven years and ...

Bloomberg The virtual reality headset maker that Facebook Inc. bought in 2014 for $2 billion used stolen computer code, a jury said in awarding $500 million to ZeniMax Media Inc. The case was over the Oculus Rift, the device that has put the social media giant at the forefront of the virtual reality boom. The verdict in Dallas federal court ...

  Bloomberg For MetLife Inc. Chief Executive Officer Steve Kandarian, the Donald Trump era looks like just what he’s been waiting for. After complaining for years about capital standards, proposed sales restrictions and low bond yields that pressure investment income on the company’s fixed-income portfolio, the CEO sees promise. “The prospect of higher interest rates and a more favorable regulatory ...

  Bloomberg Tesla Motors Inc.’s Model S, once touted by the company as achieving a record-high safety score, fell short of a top designation an insurance group has awarded to 42 other new models on the market. The Model S sedan earned an acceptable rating in one of the Insurance Institute for Highway Safety’s five crash tests, a level shy ...

  Bloomberg Apple Inc. is designing a new chip for future Mac laptops that would take on more of the functionality currently handled by Intel Corp. processors, according to people familiar with the matter. The chip, which went into development last year, is similar to one already used in the latest MacBook Pro to power the keyboard’s Touch Bar feature, ...

  NEW YORK / AP From billboards to TV ads to endless notifications, Facebook is furiously promoting its live video feature as it tries to get more users to shoot and watch such videos. But will it be a big business for the social network? The prospects for advertisers are uncertain, and even when users do “go live” — broadcasting ...

  Bloomberg Self-driving car prototypes appear to be getting better at negotiating California streets and highways without a human backup driver intervening, according to data made public by California transportation regulators. The data reflect safety-related incidents reported by 11 companies that have been testing more than 100 vehicles on public roads, primarily in the Silicon Valley neighborhoods where the technology ...

  SAN FRANCISCO / AP Slack Technologies, a fast-growing startup trying to wean businesses off email by hooking employees on its more informal messaging service, is now hoping to snare the world’s biggest companies as customers. The company unveiled a new feature intended to let workers in different departments communicate more easily with each other. The new option, called “Enterprise ...

  Dubai / WAM DIFC Courts, Dubai’s establis- hed English-language commercial courts, handled cases totalling AED5.85 billion (US$1.59 billion), up 5 percent year-on-year, in 2016. The main Court of First Instance (CFI) handled approximately the same number of cases as in 2015 but saw the average value of each increase by 17 percent to AED104.58 million. The total value of ...

  RAS AL KHAIMAH / WAM Foreign trade in Ras al-Khaimah grew by 38 percent between 2011 and 2015, according to a study published by the local Chamber of Commerce and Industry, called “An analytical study about foreign trade in the emirate of Ras al-Khaimah”. Dr Ahmed Rashed Al Shamili, Assistant Director-General for Commercial Services and Business Development, said the ...