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  Abu Dhabi / Emirates Business Masdar Institute of Science and Technology, (MIST) an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, signed a memorandum of understanding with French company Thales/Thales Alenia Space and French engineering university MINES ParisTech to develop applications for the StratobusTM drone-satellite hybrid airship. In the presence of the French ambassador to the ...

  Bloomberg As diamond traders descend on Botswana this week for one of the year’s biggest sales, the $14 billion industry is struggling to recover from India’s war on black money. De Beers, the world’s top producer of gems, will offer customers concessions for a second consecutive buying round to support the market, according to people familiar with the process, ...

  Bloomberg The rust-belt province of Liaoning fabricated fiscal numbers from 2011 to 2014, local officials have said, raising fresh doubts about the accuracy of China’s economic data just days ahead of the release of the nation’s full-year growth report. City and county governments in the northwestern region committed fiscal data fraud in the period, Governor Chen Qiufa said at ...

  SEOUL / AP The family smartphones? An assortment of Samsung Galaxies. The flat-screen TV that illuminates the living room? A Samsung SUHD, with the brand name sparkling on the nameplate. The maker of the digital toilet seat? You guessed it: Samsung. It’s difficult for people outside South Korea to fully grasp what Samsung, a truly global brand, means inside ...

  Wiesbaden / AFP Toshiba Corp., facing billions of dollars of writeoffs in its nuclear business, is considering spinning off its well-performing flash-memory unit to raise funds. Toshiba is considering an infusion of cash as part of the spinoff, said Kaori Hiraki, a spokeswoman for the Tokyo-based company. While a spinoff is one of the options, nothing has been decided ...

  Bloomberg JSW Group, an Indian conglomerate with interests in metals to power generation, plans to venture into electric cars by 2020 on expectations the government will promote such vehicles and falling battery prices will make them more affordable. The Mumbai-based group will set up the electric-vehicle business on its own and initially buy batteries from suppliers, Chairman Sajjan Jindal, ...

  Bloomberg Few people are more eager for Donald Trump’s arrival in the White House than those who do business in Russia. Hacking scandals? They expect that to blow over. Conflict in Ukraine? An artificial problem invented by Barack Obama, they argue. Russian magnates and American investors alike are anticipating a Trump administration that removes punishing sanctions, frees up access ...

  Bloomberg California sent a warning shot in a potential showdown with the incoming Trump administration, with the state’s clean-air regulators digging in on mandates for an ever-greater number of electric and fuel-cell cars. The staff of California’s Air Resources Board called national efforts to promote electrification “very modest” after 2025 as it released a more than 660-page report on ...

  Bloomberg WeWork Cos., the world’s largest co-working startup, is preparing to enter Argentina and Brazil while scouting potential sites in nearby countries as part of an expansion in Latin America. The New York-based shared-office startup, which was most recently valued at $16 billion, plans to open two locations in Sao Paulo in June, as well as at least one ...

  Bloomberg Luxury residences in Greenwich, the Connecticut town that’s home to hedge funds and Wall Street executives, sold at a quicker pace in the fourth quarter as owners became more amenable to negotiating on price. Homes that sold in the top 10 percent of the Greenwich market — those priced $3.79 million or higher — spent an average of ...