News

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Wed, 04 Dec 2019 18:51:46 GMT

Alibaba-backed AutoX seeks driver-less test in California

The e-commerce giant Alibaba-backed Chinese start-up AutoX applied on Thursday for self-driving vehicle test without a back-up driver in California, challenging the market leader Alphabet's autonomous driving firm Waymo.

Wed, 04 Dec 2019 17:46:05 GMT

Instagram to require users birth dates amid youth safety

Facebook's Instagram is set to require new users' birth dates starting this Wednesday; a move that will expand the audience for the age-restricted products and offer new measures of youth safety.

Wed, 04 Dec 2019 16:41:21 GMT

Expedia's CEO and CFO step down

Expedia Group's Chief Financial and Chief Executive Officers announced their resignations on Wednesday due to disagreements with the company's board on its business outlook.

Wed, 04 Dec 2019 16:30:49 GMT

Airbnb to transfer EU payments through Luxembourg

The home rental company Airbnb is planning to process its EU hosts-guests payments through Luxembourg, starting 2020, as it prepares for Britain's withdrawal from the bloc, according to Reuters.

Wed, 04 Dec 2019 14:51:50 GMT

Wall Street indices recover

At the start of Wednesday's US trading session, stock indices surged. The surge was as recovery after the previous three consecutive sessions of losses.

Wed, 04 Dec 2019 14:15:56 GMT

Federal Reserve continues repo operations

On Wednesday, the New York Federal Reserve accepted $70.1 billion worth of overnight bids from repurchase agreement dealers.

Wed, 04 Dec 2019 12:41:21 GMT

Google stops political ads in Singapore amid election

Google has halted political advertisements' acceptance in Singapore months ahead of the widely expected election, due to a foreign interference threat in the country's domestic affairs.

Wed, 04 Dec 2019 11:48:03 GMT

Stocks rebound on Wednesday

During Wednesday's European trading session, stock indices surged and recovered some of the losses made in the previous trading sessions.

Wed, 04 Dec 2019 11:01:28 GMT

Amazon designs super powerful data centre chip

Amazon.com revealed that it designed more powerful and seven times faster data centre processor chip, compared to the previous model, seeking to challenge the market leaders, such as Advanced Micro Devices and Intel Corp.

Wed, 04 Dec 2019 09:56:23 GMT

Renault-Nissan alliance names new general secretary

On Wednesday, Renault, Nissan Motor and Mitsubishi Motors appointed Hadi Zablit as the alliance's new general secretary to boost business efficiencies across the carmakers.

Wed, 04 Dec 2019 09:08:28 GMT

Nintendo to roll out Switch in China soon

On Wednesday, Japan's Nintendo Co announced it would officially release its gaming console, called Switch, in China on December 10 priced $298 with Tencent Holdings, its local partner.

Wed, 04 Dec 2019 08:22:22 GMT

Amazon cooperates with Verizon

Amazon.com stated that it was extending cloud to 5G networks in cooperation with Verizon for developers to run latency-sensitive applications on mobile and connected devices.

Wed, 04 Dec 2019 06:42:43 GMT

Xiaomi, Oppo to use Qualcomm's new chips

Two fast-growing China's phone brands, Oppo and Xiaomi, announced that they are set to adopt Qualcomm's newest 5G chips in their devices in yearly 2020.

Wed, 04 Dec 2019 06:17:52 GMT

Shell, Trafigura, Mitsubishi bid for Ecuador's oil contract

Royal Dutch Shell, Trafigura and Mitsubishi presented their bids for the contract to lift 20.2M barrels of Ecuadorean crude oil between 2020 and 2023.

Wed, 04 Dec 2019 03:40:41 GMT

Amazon designs better data centre chip

Amazon.com said that it designed more powerful data centre processor chip, seeking to pose a challenge to market leaders Intel and Advanced Micro Devices.

Tue, 03 Dec 2019 20:40:31 GMT

Tariffs hurt US solar industry

A report released on Tuesday, revealed that the US solar industry could lose the chance to create nearly 62,000 new jobs and $19 billion in investments due to tariffs set on imported solar panels.

Tue, 03 Dec 2019 20:31:16 GMT

Nokia announces new Chairman

On Tuesday, the telecommunications company Nokia announced that it intends to appoint its former Networks Chief Sari Baldauf as Chairman.

Tue, 03 Dec 2019 18:47:09 GMT

Trump comments on EU-US trade dispute

The President of the United States Donald Trump on Tuesday stated that the trade dispute with the EU and France is a minor one and would be worked out.

Tue, 03 Dec 2019 17:41:39 GMT

EU seeks talks with US

European Union officials announced on Tuesday that they would seek an immediate start of trade talks with the United States to solve the recent dispute.

Tue, 03 Dec 2019 16:41:25 GMT

Crude oil falls

On Tuesday, crude oil price benchmarks declined. The fall of prices was attributed to Donald Trump's comments about a delay of a US-China trade deal.

Tue, 03 Dec 2019 15:42:53 GMT

Global stocks sink on Tuesday

During Tuesday's European and US trading sessions, global stock indices sharply declined. The fall was caused by an escalation of trade tensions between the US and the EU.

Tue, 03 Dec 2019 15:11:53 GMT

EU prepares to retaliate over US tariffs

On Tuesday, European Union officials announced that they are ready to retaliate, if the President of the United States Donald Trump enacts tariffs on French goods.

Tue, 03 Dec 2019 14:07:23 GMT

Finnish PM steps down amid lost trust

On Tuesday, Antti Rinne, the Finnish Prime Minister, has stepped down from the post after losing the confidence of his coalition partner du to several disruptive strikes.

Tue, 03 Dec 2019 12:41:11 GMT

Trump sees China trade deal delayed until 2020 election

The US President Donald Trump stated on Tuesday that a trade deal with China could be postponed until the US Presidential election, set for November 2020, giving up hopes for a quick dispute resolution.

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