UK jobless claims fall 2K last week

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Source: Dukascopy Bank SA
The US initial claims for unemployment benefits fell 2K to a seasonally adjusted 222K in the week ending December 28, according to the Labor Department's report seen on Thursday.
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Thu, 02 Jan 2020 20:41:08 GMT

Xiaomi plans $7B investment in 5G and AI

China's smartphone producer Xiaomi Corp is planning an investment of $7.1B in the 5G internet and artificial intelligence technologies within the following five years amid rising competition in the sector.

Thu, 02 Jan 2020 18:44:40 GMT

Austria's AMS secures 59.9% stake in Osram

On Thursday, AMS, the Austrian sensor producer, announced it secured a 59.9% Osram stake, reaching the minimum threshold of 55%; however, still falling short of the 75% hurdle required to tap the German lighting group's profits.

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