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Daimler, Bosch to deploy self-driving taxis in California test program

Daimler, Bosch to deploy self-driving taxis in California test program

Bosch and Daimler, with its passenger car brand Mercedes-Benz, first joined forces in a self-driving alliance in April 2017. The Mercedes-Benz F015 Luxury in Motion autonomous concept car is shown on stage during the 2015 International Consumer Electronics Show (CES) in Las Vegas, Nevada January 5, 2015. (Reuters pic) SAN FRANCISCO: German automaker Daimler AG […]

July 11, 2018 | By | Reply More
Boeing’s first-half deliveries up 7%, orders surge past Airbus

Boeing’s first-half deliveries up 7%, orders surge past Airbus

Chicago-based Boeing had 460 net aircraft orders in the first half of 2018, compared with Airbus’s 206, rebounding after losing that race to Airbus last year. A Boeing logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) at Geneva Airport, Switzerland May 28, 2018. (Reuters pic) SEATTLE: Boeing Co’s first-half aircraft deliveries […]

July 11, 2018 | By | Reply More
Nokia signs US$1.2 billion deal with world’s largest carrier

Nokia signs US$1.2 billion deal with world’s largest carrier

Tuesday’s agreement could bolster Nokia’s position in China as the country prepares to ramp up spending on the next generation of faster networks. Signage for China Mobile Ltd. is displayed outside a store in Shanghai, China, on Tuesday, March 21, 2017. (Bloomberg pic) STOCKHOLM: Nokia Oyj signed a deal worth as much as 1 billion […]

July 11, 2018 | By | Reply More
China’s electric car appetite spawns 77-year-old billionaire

China’s electric car appetite spawns 77-year-old billionaire

Huh Chin-kyu, the 77-year-old founder and chairman of Seoul-based Iljin Group, has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils. An employee charges a BYD Co. electric vehicle (EV) at an EV charging station at the company’s campus in the Pingshan district of Shenzhen, China, on Tuesday, Aug. 5, […]

July 10, 2018 | By | Reply More
Buffett-backed BYD forms venture to lease electric buses

Buffett-backed BYD forms venture to lease electric buses

The two companies are betting they can help speed the adoption of battery-powered buses by cutting customers’ upfront costs. (Bloomberg pic) NEW YORK: BYD Co., one of the world’s largest suppliers of electric vehicles, has formed a joint venture with a San Francisco investor that will lease its buses to cities, schools and corporations in […]

July 10, 2018 | By | Reply More
Pepsi grapples with fickle consumer cutting back sugar, not salt

Pepsi grapples with fickle consumer cutting back sugar, not salt

That dichotomy has boosted Pepsi, which is relying on its Frito-Lay unit to fuel growth as it grapples with a soda slump. PepsiCo Inc. product distribution ahead of earnings figures.(Bloomberg pic) NEW YORK: PepsiCo Inc. is giving investors a window into the mercurial mind of US consumers, who say they want to be healthier — […]

July 10, 2018 | By | Reply More
Russia plans $80 billion debt spree despite sanctions scare

Russia plans $80 billion debt spree despite sanctions scare

Under the terms of a draft plan for 2019-2021, the government will borrow 1.48 trillion rubles next year, up from just over 1 trillion rubles in 2018. St Basil’s cathedral, left, and the Spasskaya tower, right, stand on the city skyline in Moscow, Russia, on Saturday, June 9, 2018. (Bloomberg pic) MOSCOW: Russia’s Finance Ministry […]

July 10, 2018 | By | Reply More
Success with Snap helps Lightspeed raise $1.8 billion funds

Success with Snap helps Lightspeed raise $1.8 billion funds

Lightspeed is eyeing a business expansion to Southeast Asia and wants to add investments in cryptocurrency, biotechnology, new TV streaming services and even cosmetics companies. The logo of messaging app Snapchat is seen at a booth at TechFair. (Reuters pic) SAN FRANCISCO: Venture capital firm Lightspeed Venture Partners has raised $1.8 billion to invest in […]

July 10, 2018 | By | Reply More
Facebook tests augmented reality ads on News Feed in US

Facebook tests augmented reality ads on News Feed in US

The ads will let users virtually interact with different products – from trying on Michael Kors sunglasses and accessories to visualizing furniture in a room. Facebook Inc. (Reuters pic) BENGALURU: Facebook Inc said on Tuesday it is testing augmented reality advertisements on its News Feed ahead of the holiday shopping season in the United States. […]

July 10, 2018 | By | Reply More
Walmart’s Jet.com to offer same-day grocery delivery in New York

Walmart’s Jet.com to offer same-day grocery delivery in New York

Jet.com will soon be making same-day grocery deliveries in New York City, upping the fight for customers in a highly competitive market. Packages move along a conveyor belt inside a Wal-Mart Stores Inc. fulfilment centre in Bethlehem, Pennsylvania, U.S., on Wednesday, March 29, 2017. (Bloomberg pic) BOSTON: Walmart Inc.’s Jet.com unit will soon be making […]

July 10, 2018 | By | Reply More