News

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Wed, 12 Jun 2019 20:28:35 GMT

Comcast to rise spending at Sky on EU programs

Comcast is set to more than double investment to about $1.27B in Europe's original programming and begin a studio at the European unit Sky after its success with the series "Chernobyl," the company stated.

Wed, 12 Jun 2019 19:33:59 GMT

US posts $208B budget deficit in May

The US government posted a $208B budget deficit last month, as a modest rise in revenues failed to fuel spending on the military and social welfare programs, according to the report by the Treasury Department.

Wed, 12 Jun 2019 18:24:28 GMT

Uber to reveal Volvo self-driving vehicle

Uber Technologies is expected to unveil the company's newest Volvo self-driving vehicle in Washington, as it worked to eventually deploy cars without drivers under limited conditions.

Wed, 12 Jun 2019 17:33:52 GMT

UK financial sector not ready for Brexit without deal

Parts of the British financial sector were not ready for Brexit without deal in October, which is likely to split the industry, the executive body of the European Union stated on Wednesday.

Wed, 12 Jun 2019 16:29:47 GMT

Verizon asked to pay for 200 Huawei patents

Huawei Technologies asked Verizon Communications to pay licensing fee for over 200 of the company's patents, the WSJ reported on Wednesday, citing sources familiar with the matter.

Wed, 12 Jun 2019 15:34:48 GMT

Italy aims to delay EU budget decision

Italy is set to convince the European Union to delay the decision on whether to start a disciplinary procedure on its finances, which were expected to improve after tax data in July, until autumn, sources stated on Wednesday.

Wed, 12 Jun 2019 14:23:38 GMT

Ford Motor to spend $180M on suspension issue

On Wednesday, Ford Motor announced its US division would spend $180M to fix the suspension issue in its Explorer vehicles made in the 2011-2017 time period.

Wed, 12 Jun 2019 12:24:33 GMT

Facebook broadens Watch service amid on user growth

On Wednesday, Facebook announced it would expand its Watch video service by more partnership deals with international publishers and broadcasters after the number of its monthly users doubled compared to the December reading.

Wed, 12 Jun 2019 11:32:07 GMT

Johnson vows to lead Brexit by Oct. 31

On Wednesday, Boris Johnson, one of the main candidates to succeed the British Prime Minister Theresa May, has pledged he would lead the country out of the EU bloc on October 31, saying that a "delay means defeat".

Wed, 12 Jun 2019 10:36:36 GMT

Ford triggers self-driving fleet testing in Detroit

On Wednesday, Ford Motor's self-driving car subsidiary Argo AI has triggered a new fleet of autonomous test vehicles in Detroit, which is called Ford Fusion Hybrid, on the back of the company's expansion in the United States.

Wed, 12 Jun 2019 09:34:57 GMT

Facebook to add 500 more tech jobs in London

Facebook is set to create 500 more tech jobs in the London engineering centre by this year's end, including 100 job positions in artificial intelligence, the social media giant announced on Wednesday.

Wed, 12 Jun 2019 08:35:30 GMT

KKR seeks to buy out Axel Springer's minorities

On Wednesday, KKR-controlled funds offered €63 per share to buy out Axel Springer's minority shareholders in the bid agreed by the German publisher's majority shareholders.

Wed, 12 Jun 2019 07:30:04 GMT

Uber chooses Melbourne for flying taxi tests

Uber Technologies has picked Australia's Melbourne as a test site for its flying taxi service, following launch delays in the previously selected Dubai, the US ride-sharing firm announced on Wednesday.

Wed, 12 Jun 2019 06:24:43 GMT

Pepsico's Narasimhan becomes Reckitt CEO

On Wednesday, Reckitt Benckiser, the UK consumer goods giant, appointed Pepsico's executive Laxman Narasimhan as its new Chief Executive Officer to succeed Rakesh Kapoor.

Wed, 12 Jun 2019 05:04:58 GMT

Crude oil prices fall by 1% on Wednesday

On Wednesday, oil prices declined by 1%, pressured by weaker crude oil demand. The international benchmark for oil prices, were down 1.4%, while the US West Texas Intermediate was down 1.6%.

Wed, 12 Jun 2019 04:04:20 GMT

Japan's machinery orders edge higher

Japan's Cabinet Office data released on Wednesday showed that the Japanese machinery orders increased for a third consecutive month in April.

Wed, 12 Jun 2019 02:33:43 GMT

NZ electronic retail spending declines in May

New Zealand's electronic retail spending decreased 0.5% in May, while actual sales grew 3.2% from the same period a year ago, the report showed on Wednesday.

Tue, 11 Jun 2019 20:25:40 GMT

VW ends partnership with Aurora

The German car producer Volkswagen stated on Tuesday that it has terminated a deal with the autonomous car software developer Aurora, shortly after the US start-up stated that it would create autonomous car platforms together with Fiat.

Tue, 11 Jun 2019 19:10:18 GMT

Euro Zone members stand for action against Italy

The Deputy Finance Ministers of the Euro Zone backed on Tuesday the European Commission's opinion of the necessity of disciplinary measures against Italy.

Tue, 11 Jun 2019 18:25:06 GMT

Trump defends his China strategy

The US President Donald Trump wrote on Twitter on Tuesday that a tariff threat represented an effective tool in trade negotiations with China.

Tue, 11 Jun 2019 17:19:45 GMT

Germany to probe head of VW's work council

According to the Braunschweig prosecutor's office, the head of Volkswagen works council Bernd Osterloh would face an investigation over excessive pays to part of its members.

Tue, 11 Jun 2019 16:02:53 GMT

Crocs to cut China's output for US market

Crocs is set to cut the volume of shoes and accessories made in China for the US market by more than 60% over the following year, as the company guards against the President Donald Trump's trade war's impact.

Tue, 11 Jun 2019 15:13:58 GMT

Apple cancels plan for Denmark data centre

Apple stated that it decided to cease plans for its second data centre in Denmark and announced that the company is likely expand other site in the country instead.

Tue, 11 Jun 2019 14:36:23 GMT

Trump sees competition threat in Raytheon-United Tech deal

The US President Donald Trump expressed his concern over the merger between the defence contractor Raytheon and United Technologies worth $121M, as he would seek the deal not to hurt competition.

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