Home Tag "international news"

Uber Accused Of Operating Sophisticated Unit Dedicated To Stealing Trade Secrets.

Uber has been accused of operating a sophisticated unit dedicated to gathering competitive intelligence and “stealing trade secrets”. The allegations led to a delay in the high-profile trial between the ride-hailing group and Alphabet’s self-driving unit, Waymo. Separately, Uber’s adjusted losses widened to $743m during the third quarter of this year.

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The Electric Car Reinvented By Dyson?

The maker of high-end vacuum cleaners and fans is turning to electric car manufacturing. UK technology group Dyson is working on a premium electric car to go on sale in 2020, entering the motor industry at a time of intense change and disruption. Meanwhile in India, a different type of electrical vehicle is gaining market […]

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UK and Canada React Angrily to US Tariffs on Bombardier

The US Department of Commerce imposed preliminary tariffs of up to 219 per cent after Boeing alleged the Canadian aircraft maker had been able to sell its regional C Series jets at below cost in the US because of subsidies from the UK and Canadian governments. Theresa May, the British prime minister, said her government […]

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Twitter Testing Tweets With As Many As 280 Characters.

Twitter Inc. announced yesterday that it will be lifting its 140-character limit on tweets, in an experiment with a small group that may expand to the entire social media platform. Struggling to attract new users, Twitter said the test will let users send tweets with as many as 280 characters. Lengthening the character limit may […]

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Unilever In Bid For Asian Growth, To Buy Carver Korea For US$2.7bn.

Unilever in an apparent bid for Asian growth has agreed to buy Carver Korea from Goldman Sachs, Bain Capital and Carver’s founder for US$2.7bn. Carver Korea, the fastest-growing skincare business in South Korea, through sales of its A. H. C brand, makes whitening creams, facemasks and lotions. By Unilever’s estimates, South Korea is the fourth-biggest […]

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Stronger-Than-Anticipated Demand And Cuts In Supply As Opec Producers Reduce Bloated Inventories

Oil prices soared today, with Brent crude approaching US$60 a barrel, its highest in more than two years. Traders say there is stronger-than-anticipated demand and cuts in supply as Opec producers have reduced bloated inventories. The threat by Turkish president Recep Tayyip Erdogan to ‘”close the valves” on oil exports from Iraq’s Kurdish regions because […]

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Google Jumps Deeper Into Hardware Business With HTC

Google has jumped into the hardware business with a deal with HTC, the Taiwanese smartphone maker. Alphabet’s Google said it would buy part of struggling HTC. for US$1.1bn in cash, as it accelerates its efforts to crack the handset market. Boosting smartphone manufacturing is seen as providing a stronger hedge against Google’s heavy reliance on […]

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Central Banks Around The World Waking Up To The Threat Of Crypto Currencies.

Central banks around the world are waking up to the threat of crypto currencies. Behind the scenes, there is growing uneasiness about how disruptive the technology may be to the banking and payments system. As seen with China this week, where China’s central bank declared initial coin offerings, which is the blockchain community’s version of […]

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US Sanctions Restricting Venezuela’s Access To International Credit

As US sanctions imposed last month, restricting the ability of President Nicolás Maduro’s government and its oil company, Petróleos de Venezuela, S.A. (PDVSA), access to international credit, takes an even tighter hold, the Government is finding itself in an increasing tighter spot. This as the State oil company PDVSA, now a ragged shadow of its […]

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Six Of The World’s Biggest Banks Join Forces To Create A New Form Of Digital Cash

Six of the world’s biggest banks have joined forces on a project to create a new form of digital cash that they hope to launch in 2018 for clearing and settling financial transactions over blockchain, the technology underpinning bitcoin. Barclays, Credit Suisse, HSBC, Canadian Imperial Bank of Commerce, MUFG and State Street are working together […]

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