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  Bloomberg Elon Musk may think hydrogen-powered vehicles are rubbish, but Toyota Motor Corp. and a cadre of Japan’s leading manufacturers are betting otherwise — and not just on cars. With the blessing of Prime Minister Shinzo Abe, Toyota is at the forefront of Japan’s efforts to use hydrogen and fuel cells to power cars, heat homes and keep factories ...

  Bloomberg Iron ore keeps getting told the end may be nigh: so far in 2017, the response has been that the end’s just another high. The raw material’s rally has been powerful enough to drive futures in China back to $100 a metric ton as spot prices trade at levels last seen in 2014. On the Dalian Commodity Exchange, ...

  Bloomberg A Triple-Eh credit rating? For Canada, maintaining the trust of borrowers is a source of national pride, like winning the gold medal in Olympic ice hockey: hard-earned international validation of the nation’s skill, discipline and strong stewardship. But Fitch Ratings is warning that the country’s prized standing in the eyes of creditors may suffer because of protectionist measures ...

    Bloomberg Just a year after Russia won the title of the world’s largest wheat supplier, it’s already in danger of losing it. The US Department of Agriculture has cut its forecast for Russian wheat exports this season for a second time, to 28.5 million metric tons. That’s closing the gap to the 27.5 million tons of shipments now ...

  Bloomberg While Uber got shellacked for its link to President Donald Trump, the electric carmaker and sometimes-rival Tesla Inc. has comfortably weathered its association with a president who has lower approval ratings than any predecessor in his first days in office. Uber Technologies Inc. lost customers and drivers and became the subject of a campaign on Twitter that encouraged ...

  Bloomberg Ford Motor Co. is investing $1 billion in a months-old startup founded by two pioneers in the nascent autonomous vehicle sector. The Pittsburgh-based artificial intelligence company Argo AI will develop the brains — specifically, a virtual driver system — for the fully autonomous vehicles Ford has promised to bring to market in 2021. Founders Bryan Salesky and Peter ...

  Abu Dhabi / Emirates Business HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Board of Trustees of the Emirates Diplomatic Academy (EDA) lauded the academy for its significant role in enhancing the UAE’s achievements in supporting diplomacy and international relations. He also stressed the importance of developing co-operation with ...

  Abu Dhabi / WAM Masdar, Abu Dhabi’s renewable energy company, announced on Thursday that its second large-scale offshore wind farm in the United Kingdom has started supplying electricity to British homes. Around six thousand households are now receiving power from the Dudgeon Offshore Wind Farm after the project’s first turbine began operating today. Sixty-seven 6-megawatt (MW) turbines will be installed ...

  Sharjah / Emirates Business Air Arabia (PJSC) on Thursday announced full-year financial results for 2016 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver healthy growth and strong levels of profitability despite challenging market conditions. Air Arabia’s net profit for the full year ending December 31, 2016 was AED 509 million, a 4 ...

  Bloomberg Intel Corp. Chief Executive Officer Brian Krzanich said the semiconductor maker will invest $7 billion to complete a chip factory in Chandler, Arizona, becoming the latest company to use a meeting with President Donald Trump to tout spending and job-creation plans that were already in place. Krzanich, speaking in the Oval Office, called the investment an expansion of ...