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Dialog says Apple can build its own power-management chips

Dialog says Apple can build its own power-management chips

FRANKFURT: Dialog Semiconductor on Monday said top customer Apple could design its own power-management chips rather than rely on the Anglo-German chipmaker but said it saw no impact on its business next year. Shares in Dialog, which analysts reckon derives more than half of its revenue from Apple, lost more than a fifth last week […]

December 4, 2017 | By | Reply More
Enter the ‘petro’: Venezuela to launch oil-backed cryptocurrency

Enter the ‘petro’: Venezuela to launch oil-backed cryptocurrency

CARACAS: Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent US-led financial sanctions, announcing on Sunday the launch of the “petro” backed by oil reserves to shore up a collapsed economy. The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such […]

December 4, 2017 | By | Reply More
Broadcom set to unveil challenge to Qualcomm’s board, say sources

Broadcom set to unveil challenge to Qualcomm’s board, say sources

NEW YORK: Chipmaker Broadcom Ltd will take its first formal step on Monday toward a hostile bid to take over Qualcomm Inc, unveiling nominees whom Qualcomm shareholders can vote on to replace the US semiconductor company’s board of directors, according to people familiar with the matter. Broadcom’s move comes after Qualcomm rejected its US$103 billion […]

December 4, 2017 | By | Reply More
Oil prices fall after US drillers add rigs

Oil prices fall after US drillers add rigs

TOKYO: Oil fell on Monday after US shale drillers added more rigs last week, but prices held not far off their highest since mid-2015, supported by an extension of output cuts agreed last week by OPEC and other producers. Drillers in the United States added two oil rigs in the week to Dec. 1, bringing […]

December 4, 2017 | By | Reply More
Facebook opens new London hub, creating 800 jobs

Facebook opens new London hub, creating 800 jobs

LONDON: Social media titan Facebook will open a new office in London on Monday that is set to be its biggest engineering hub outside America, the company has announced. The investment in the office, near Oxford Street in the heart of the city’s West End district, will also lead to the creation of 800 jobs, […]

December 4, 2017 | By | Reply More
Nestle to close its DR Congo factory

Nestle to close its DR Congo factory

KINSHASA: Swiss food giant Nestle announced Sunday that it would close its factory in Kinshasa, capital of the Democratic Republic of Congo, a potential market of 80 million people but one beset by poverty and political instability. “We will close our factory and offices by the end of January and continue developing our economic distribution […]

December 4, 2017 | By | Reply More
Diplomats: Brexit deal ‘difficult but doable’

Diplomats: Brexit deal ‘difficult but doable’

Monday is the “absolute deadline” for Britain to make sufficient progress on divorce issues to unlock the next phase, on trade talks EU President Donald Tusk has said. BRUSSELS: A Brexit deal when British Prime Minister Theresa May and European Commission chief Jean-Claude Juncker meet in Brussels on Monday is “difficult but doable”, diplomats and […]

December 4, 2017 | By | Reply More
CVS Health to acquire Aetna for US$69 billion in year’s largest acquisition

CVS Health to acquire Aetna for US$69 billion in year’s largest acquisition

CVS Health to acquire Aetna for US$69 billion in year’s largest acquisition Reuters NEW YORK: US drugstore chain operator CVS Health Corp said on Sunday it had agreed to acquire US health insurer Aetna Inc for US$69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies. This year’s largest corporate acquisition […]

December 4, 2017 | By | Reply More
Barron’s: Southwest, Microsoft, Apple could benefit from tax plan

Barron’s: Southwest, Microsoft, Apple could benefit from tax plan

NEW YORK: Tax cuts that passed the Senate early on Saturday could bolster the shares of Southwest Airlines , Apple, Microsoft and Alphabet , according to a report in financial publication Barron‘s. Domestic airlines like Southwest should benefit from a steep drop in the top federal corporate tax rate, according to the report. At the […]

December 4, 2017 | By | Reply More
Airbus’s Bregier sees 2017 aircraft deliveries topping 700

Airbus’s Bregier sees 2017 aircraft deliveries topping 700

The company still expects to deliver more than 700 aircraft to customers in 2017, a production record, despite delays in deliveries of engines from suppliers. PARIS: Airbus planemaking chief Fabrice Bregier said the company still expects to deliver more than 700 aircraft to customers in 2017, a production record, despite delays in deliveries of engines […]

December 3, 2017 | By | Reply More