World

Alibaba takes control of logistics business, pledges $15 billion to expand network

Wednesday, 27 September 2017 10:41

Alibaba takes control of logistics business, pledges $15 billion to expand network Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network and also take control of a $20 billion unit, underpinning an aggressive overseas expansion.
 

Internet giants, once above the fray, on the defensive in Washington

Tuesday, 26 September 2017 11:35

Internet giants, once above the fray, on the defensive in Washington Internet giants, including Alphabet’s Google and Facebook, are moving to compromise on several major policy issues as they adjust to an abrupt shift in the political winds in Washington.
 
 

Facebook to add more human review to ad system -COO Sandberg

Friday, 22 September 2017 10:06

Facebook to add more human review to ad system -COO Sandberg Facebook Inc will add “more human review and oversight” to its ad-buying system, Chief Operating Officer Sheryl Sandberg said on Wednesday, responding to rising criticism that automated processes have allowed people to buy discriminatory ads.
 
 

Uber reviews Asia business over bribery allegations in U.S.: Bloomberg

Thursday, 21 September 2017 11:14

Uber reviews Asia business over bribery allegations in U.S.: Bloomberg Uber Technologies Inc, which is the subject of a federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, Bloomberg reported, citing people with knowledge of the matter.
 
 

With new operating system, Apple revamps its money-making App Store

Wednesday, 20 September 2017 09:53

With new operating system, Apple revamps its money-making App Store Apple Inc’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps.
 
 

EU plan to raise taxes for global internet firms hits snag

Tuesday, 19 September 2017 10:27

EU plan to raise taxes for global internet firms hits snag A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.
 
 

Exclusive: Amazon plans mega-warehouse for Mexico growth spurt

Friday, 15 September 2017 10:09

Exclusive: Amazon plans mega-warehouse for Mexico growth spurt Amazon.com Inc is preparing to open a 1 million square-foot warehouse near Mexico City, sources familiar with the project said, part of an effort to boost its presence in Mexico’s nascent e-commerce industry.
 
 

Volkswagen spends billions more on electric cars in search for mass market

Wednesday, 13 September 2017 09:59

Volkswagen spends billions more on electric cars in search for mass market Volkswagen is stepping up its shift to electric cars and plans to invest more than 20 billion euros ($24 billion) in zero-emission vehicles by 2030 to challenge pioneer Tesla in creating a mass market.
 
 

EU criticizes Trump`s economic policy: report

Tuesday, 12 September 2017 09:29

EU criticizes Trump`s economic policy: report The European Union’s economic and financial committee has criticized U.S. President Donald Trump’s economic policy and is worried that his efforts to boost protectionism pose a threat to the global economy, a German magazine reported on Saturday.
 
 

France, Germany, Italy, Spain seek tax on digital giants` revenues

Monday, 11 September 2017 13:49

France, Germany, Italy, Spain seek tax on digital giants` revenues France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter.
 
 

Apple`s new iPhone could face supply shortfalls after launch: WSJ

Saturday, 09 September 2017 09:40

Apple`s new iPhone could face supply shortfalls after launch: WSJ Apple Inc’s new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Journal reported on Thursday.
 
 

Hurricane Irma worsens Latin America`s fuel supply crunch

Friday, 08 September 2017 10:21

Hurricane Irma worsens Latin America`s fuel supply crunch Hurricane Irma has shut down oil terminals across the northern Caribbean, worsening a fuel supply crunch in Latin American countries that have struggled to meet demand since Hurricane Harvey disrupted shipments from the U.S. Gulf Coast last month.
 
 

Amazon launches African-American movie subscription service

Thursday, 07 September 2017 11:25

Amazon launches African-American movie subscription service Amazon.com Inc on Tuesday launched Brown Sugar, the new subscription-video-on-demand service featuring what it calls the biggest collection of the “baddest” African-American movies for its prime members.
 
 

Facebook takes the next step to monetize WhatsApp: WSJ

Wednesday, 06 September 2017 10:56

Facebook takes the next step to monetize WhatsApp: WSJ Facebook Inc is gearing up to make money from WhatsApp, the messaging service used by more than a billion people every day, the Wall Street Journal reported on Tuesday.
 
 

Bayer, J&J in frame for bigger anti-clotting market opportunity

Tuesday, 29 August 2017 09:18

Bayer, J&J in frame for bigger anti-clotting market opportunity Bayer and Johnson & Johnson’s blockbuster clot prevention drug Xarelto was shown to cut the risk of potentially deadly strokes and heart attacks in patients with severe atherosclerosis by 24 percent, raising the prospects of billions more in sales.
 
 

McDonald`s to cut global antibiotic use in chickens

Friday, 25 August 2017 10:46

McDonald`s to cut global antibiotic use in chickens McDonald`s Corp on Wednesday said that it would begin curbing the use of the high value human antibiotics in its global chicken supply in 2018, as the fast-food giant joins a broad effort to battle dangerous superbugs.
 
 

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