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Home2019May

Month: May 2019

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Business News

Meet ‘Digit’, the walking robot for Ford self-driving vans

May 22, 2019 admin Comments Off on Meet ‘Digit’, the walking robot for Ford self-driving vans

Ford Motor Co said on Wednesday it was partnering with walking robots maker Agility Robotics as it designs a planned fleet of self-driving delivery vans that will drop packages at the doorsteps of people’s homes.

…read more […]

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Business News

EU sees no compliance issues in Google shopping, rivals disagree

May 22, 2019 admin Comments Off on EU sees no compliance issues in Google shopping, rivals disagree

Europe’s antitrust chief said on Wednesday she did not see any problems with the way Google was complying with her order to boost competition in online shopping, brushing aside complaints from some of the U.S. company’s rivals.

…read more […]

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Business News

Mnuchin says further U.S. tariffs on China at least a month away

May 22, 2019 admin Comments Off on Mnuchin says further U.S. tariffs on China at least a month away

The United States is studying how proposed tariff increases on roughly another $300 billion in Chinese imports will affect consumers and is at least a month away from enacting them, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.

…read more […]

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Business News

Status quo at Renault-Nissan must be changed: French finance minister

May 22, 2019 admin Comments Off on Status quo at Renault-Nissan must be changed: French finance minister

The current status quo regarding the alliance between French carmaker Renault and its Japanese partner Nissan cannot continue and must be changed as it is currently weakening Renault, said French finance minister Bruno Le Maire.

…read more […]

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Wall Street edges lower on fresh trade concerns; Qualcomm drags techs

May 22, 2019 admin Comments Off on Wall Street edges lower on fresh trade concerns; Qualcomm drags techs

U.S. stocks dipped on Wednesday, as reports that Washington could impose sanctions on another Chinese company heightened trade worries, while a slump in Qualcomm shares pressured the technology sector.

…read more […]

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U.S. Treasury’s Mnuchin says U.S. to hit debt limit in late summer

May 22, 2019 admin Comments Off on U.S. Treasury’s Mnuchin says U.S. to hit debt limit in late summer

U.S. Treasury Secretary Steven Mnuchin on Wednesday urged Congress to raise the U.S. debt ceiling as soon as possible, saying the U.S. government was expected to exhaust its borrowing authority around late summer.

…read more […]

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Huawei confident it can resolve ARM suspension

May 22, 2019 admin Comments Off on Huawei confident it can resolve ARM suspension

Huawei said it was confident it could resolve the situation that has seen its chip design partner ARM suspend collaboration after the United States said it could block the Chinese company’s access to U.S. technology.

…read more […]

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Chip designer ARM halts work with Huawei after U.S. ban

May 22, 2019 admin Comments Off on Chip designer ARM halts work with Huawei after U.S. ban

British chip designer ARM has halted relations with Huawei [HWT.L] in order to comply with a United States blockade of the company, potentially crippling the Chinese company’s ability to make new chips for its future smartphones.

…read more […]

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Business News

U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

May 22, 2019 admin Comments Off on U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices.

…read more […]

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Business News

Citing Reuters report, health groups push tech firms to police tobacco marketing

May 22, 2019 admin Comments Off on Citing Reuters report, health groups push tech firms to police tobacco marketing

More than 100 public health and anti-tobacco organizations are calling on Facebook Inc, Instagram, Twitter and Snap Inc to take “swift action” to curb advertising of tobacco products on their platforms.

…read more […]

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Exclusive: Tencent and Riot Games developing mobile version of League of Legends -sources

May 22, 2019 admin Comments Off on Exclusive: Tencent and Riot Games developing mobile version of League of Legends -sources

China’s Tencent Holdings Ltd is working with its U.S. unit Riot Games to develop a mobile version of “League of Legends”, the world’s most popular desktop-based game, three sources with knowledge of the matter told Reuters.

…read more […]

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Business News

U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

May 22, 2019 admin Comments Off on U.S. Justice Department staff recommends blocking T-Mobile-Sprint deal, sources say

The U.S. Justice Department’s antitrust division staff has recommended the agency file a lawsuit to block T-Mobile US Inc’s $26 billion acquisition of smaller rival Sprint Corp, according to two sources familiar with the matter.

…read more […]

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Apple more upfront with iPhone users on battery health: UK watchdog

May 22, 2019 admin Comments Off on Apple more upfront with iPhone users on battery health: UK watchdog

Britain’s competition watchdog said on Wednesday that Apple Inc has committed to be “clearer and more upfront” with iPhone users about battery health and performance, after the regulator looked into consumer concerns on the matter.

…read more […]

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U.S. judge hammers Qualcomm in antitrust case, shares sink 13%

May 22, 2019 admin Comments Off on U.S. judge hammers Qualcomm in antitrust case, shares sink 13%

Qualcomm Inc used unlawful, anticompetitive practices to license patents for modems used in mobile phones, a judge has ruled in a case brought by the U.S. trade regulator, ordering it to renegotiate major deals and change how it does business.

…read more […]

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Same-day deliveries, store revamps drive Target’s strong results

May 22, 2019 admin Comments Off on Same-day deliveries, store revamps drive Target’s strong results

Target Corp beat first-quarter estimates for same-store sales and profit on Wednesday, as the retailer’s investments in same-day delivery and store revamps drew in more shoppers, sending its shares up more than 7%.

…read more […]

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