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Bloomberg Toyota Motor Corp. plans to spend $2.8 billion to make sure its system for writing the software for self-driving cars will be just as efficient as the factories that build them. The company needs faster and more reliable methods for writing software because self-driving cars require “millions and millions’’ of lines of computer code, according to James Kuffner, who’ll ...

Bloomberg Technology companies and service providers are questioning key parts of Hong Kong’s plan to allow dual-class shares, just as firms including Xiaomi Corp. and Tencent Music Entertainment Group are considering going public. Hong Kong Exchanges & Clearing Ltd. wants to change its rules so that company founders can stay in control after their firms list, but the proposals may ...

Bloomberg Siemens AG will press ahead with an initial public offering of its health-care unit that could value it between 26 billion euros ($32 billion) and 31 billion euros as Chief Executive Officer Joe Kaeser unloads another key business at Europe’s largest engineering company. The IPO of a 15 percent stake in Siemens Healthineers is planned for March 16, the ...

Bloomberg The Trump administration shows scant sign of watering down its plan to impose stiff tariffs on steel and aluminum imports with carve-outs for specific countries, despite opposition from US allies and Republican lawmakers. The president’s trade advisers fanned out across television news shows to defend the move, saying it was necessary to ensure the survival of the domestic steel ...

Bloomberg The Geneva International Motor Show is known as a staging ground for the glitzy luxury models that swaddle the wealthy and deliver them in style. This year’s no exception, with a new version of the Bentley Bentayga SUV, Bugatti’s $2.6 million Chiron and the Ferrari special-edition 488 Pista among the cars that will jostle for photographers’ attention. But a ...

Bloomberg North Korean leader Kim Jong Un held talks with top aides to South Korea’s Moon Jae-in in Pyongyang on Monday, the president’s office said, in the first meeting between the leader of the isolated nation and officials from Seoul since he took power in 2011. National Security Office head Chung Eui-yong and National Intelligence Service chief Suh Hoon were ...

Dubai / WAM Top-level regional and global government officials and power decision makers will join pioneers of energy, space and technology when the inaugural sector-defining Global Smart Energy Summit (GSES), gets under way at Dubai World Trade Centre on March 6. The three-day thought leadership summit will see more than 110 high-profile speakers address 700-plus delegates across more than 100 ...

Abu Dhabi / Emirates Business Masdar, Abu Dhabi Future Energy Company, a subsidiary of the Mubadala Investment Company (Mubadala), on Sunday announced that it will install a 290-kilowatt (KW) solar photovoltaic (PV) system to serve the facility of Khazna Data Centres (Khazna) in Masdar City. In the presence of Khaled Al Qubaisi, Chief Executive Officer, Aerospace, Renewables and Information Communications ...

Dubai / Emirates Business Dubai Airport Freezone Authority (DAFZA) has announced its key 2017 achievements, namely its 7% contribution to Dubai’s non-oil trade representing 18% of total free zones trade within Dubai according to 2016 official statistics. The freezone’s success is largely due to its strategic role in driving continuous economic development and high operational efficiency, as well as the ...

Abu Dhabi / Emirates Business On a quite weekend evening, around 70 avid bikers thundered into Al Seef Village Mall, Abu Dhabi on their gleaming powerful two wheeled machines to meet at the Biker’s Cafe for a pleasant experience. While the bikers kicked up interest amongst diners and onlookers, they were in for a pleasant surprise as well. They were ...