Japan moots $6.7bn Russia gas pipe to greet Putin

  Bloomberg Japanese lawmakers are revisiting a plan to build a $6.7 billion natural gas pipeline from Russia ahead of a visit by President Vladimir Putin to the Asian country next month. A group of about 80 lawmakers from ruling parties will ask the government by the end of this month to carry out a feasibility study on the project, ...

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China Evergrande boosts stake in rival Vanke

  Bloomberg China Evergrande Group, the country’s largest property developer, increa- sed its stake in rival China Vanke Co., renewing concerns about a potential battle for control. The Guangzhou-based developer bought 161.9 million Shenzhen-listed Vanke shares between Aug. 16 to Nov. 9, Evergrande said in a filing to Hong Kong’s stock exchange after the close of trading on Wednesday, boosting ...

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Feud escalates as Tata steps up attack on ousted chairman

  Bloomberg The standoff between Tata Group’s patriarch and his estranged successor intensified in India’s biggest feud since a quarrel between the billionaire Ambani brothers broke out more than a decade ago. The Ratan Tata-led camp, which last month ousted Cyrus Mistry as chairman of the nation’s largest conglomerate, on Wednesday took steps to muscle Mistry out of the group’s ...

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Imax secures $50 million to create 25 VR projects

  Bloomberg Imax on Thursday said it has raised $50 million for a virtual reality fund, working with strategic investors to create at least 25 interactive VR content “experiences” over the next three years for the local mall and multiplex. The giant screen exhibitor is already working with tech developer Starbreeze on its VR content, using the Swedish company’s headsets ...

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Nintendo and Sony face off with old vs new console launches

  AFP Nintendo on Thursday launched a palm-sized version of its eighties era games console, setting up an old versus new showdown with rival Sony as it released a new PlayStation 4. The dual launches marked a new chapter in the battle for supremacy between Japan’s top videogame companies as they try to deal with a sharp rise in mobile ...

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Yahoo reveals more details about massive hack

  AFP Yahoo has provided more details about an epic hack of its services, including that the culprits may have planted software “cookies” for ongoing access to users’ accounts. In revelations that could jeopardize the company’s pending $4.8 billion acquisition by US telecom giant Verizon, the internet pioneer said it was trying to pin down when it first knew its ...

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Intel Security gears up to defend sophisticated cyberattacks

  Emirates Business Intel Security has announced continued growth and product integrations across its extensive partner ecosystem, the Intel Security Innovation Alliance. Check Point*, Huawei* and other industry-leading companies have joined the Intel Security Innovation Alliance to provide a truly integrated, connected security ecosystem that maximizes the investment customers are making in their cybersecurity infrastructure. One year ago, at its ...

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Business with style on the go

  Emirates Business Huawei Consumer Business Group announced that the Huawei MateBook is now available for purchase in the United Arab Emirates. The device can be found at select retail outlets and is priced between AED 2,999-3,999 depending on the model. The Huawei MateBook was launched at Mobile World Congress and is Huawei’s first 2-in-1 device designed to meet the ...

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Nissan introduces new e-power drivetrain

  Emirates Business Nissan Motor Co. Ltd. has introduced its new drive system called e-POWER to customers. It marks the first time that e-POWER technology is available for consumers, marking a significant milestone in the electrification strategy under Nissan Intelligent Mobility. e-POWER borrows from the EV technology perfected in the Nissan LEAF, the best-selling pure electric car in history, with ...

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World stock markets recover from initial ‘Trump slump’

  London / AFP World stock markets reacted with a sharp initial downturn to maverick Republican Donald Trump’s shock election win on Wednesday, but quickly recovered their poise with surprising resilience. Asia kicked off a ‘Trump slump”, with Tokyo diving on concerns over the untested policies of the billionaire businessman and reality TV star. Europe followed suit, tipping about two ...

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