Sweden’s AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday.
Volkswagen said on Tuesday it would put 5,000 digital experts into a new unit called “Car.Software” by 2025 as the German carmaker aims to develop at least 60% of its software in-house by then, up from less than 10% currently.
Most Asian stock markets rose on Tuesday but gains were capped by investor caution ahead of a U.S. Federal Reserve policy decision, while crude oil prices dipped as global growth worries overshadowed supply concerns.
Renault’s alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire’s priority ahead of any further consolidation with the likes of Fiat-Chrysler, he said on Tuesday.
China’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth.
Air Lease Corporation said on Tuesday it had signed long-term lease placements for two new Airbus A320neo and two Airbus A321neo LR aircraft with Japan’s Peach Aviation Ltd.
China’s Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm’s strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant.
China’s Alibaba Group Holding Ltd on Tuesday said its chief financial officer, Maggie Wu, will move to oversee the firm’s strategic acquisitions and investments unit, as part of a business and management reshuffle at the e-commerce giant.
Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.
– Australia’s central bank believes it will likely have to cut interest rates further from the current record low of 1.25% in order to push down unemployment and revive growth in wages and inflation.
Investor caution ahead of the Federal Reserve’s interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.
The U.S. Justice Department said on Monday it had settled antitrust charges with CBS Corp, Cox Enterprises Inc, E.W. Scripps Co, Fox Corp and Tegna Inc, which were accused of sharing competitively sensitive information.
This year’s holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports – because that will include tech products, game consoles, toys, cribs, ornaments and Santa hats.
U.S. Senator Marco Rubio filed legislation on Monday that would prevent Huawei Technologies Co Ltd from seeking damages in U.S. patent courts, after the Chinese firm demanded that Verizon Communications Inc pay $1 billion to license the rights to patented technology.
A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remaining U.S.-China trade.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
