Business News
Ericsson to add 300 U.S. jobs as 5G demand picks up
Mobile telecom equipment maker Ericsson said on Friday it would add around 300 jobs in the United States to meet rising demand for next-generation 5G equipment.
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Business News
Bank stocks dive, euro falls as Turkey turmoil spreads
A plunge in the Turkish lira rocked global equities and emerging markets on Friday, and fears of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds.
Business News
Stocks dive, euro falls, as Turkey turmoil ripples out
A plummeting Turkish lira sent ripples through global equities and emerging markets on Friday, as rising fears of a wider fallout sent investors scurrying for the safety of assets such as the yen and U.S. government bonds.
Business News
Ryanair strike hits 55,000 customers across Europe
Ryanair faced its worst one-day strike on Friday after a walk-out by pilots in five European countries disrupted the plans of an estimated 55,000 travelers with the budget airline at the height of the summer holiday season.
Business News
Timeline: Ryanair struggles with widespread strike action
Ryanair has been hit by strikes across Europe as it struggles in negotiations with trade unions, forcing it to cancel flights and hurting some of its bookings.
Business News
Qualcomm settles anti-trust case with Taiwan regulator for $93 million
Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years.
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Stock futures fall amid global financial concerns
Financial concerns are rising involving Turkey and Russia. …read more […]
Business News
Qualcomm reaches settlement in anti-trust case with Taiwan regulator
Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years.
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Ford Motor’s China sales fall 32 percent in July on continued lack of fresh models
Ford Motor Co (F.N) on Friday said its sales in China fell 32 percent in July from a year earlier to 57,662 vehicles, as the U.S. carmaker continued to suffer from a lack of fresh models in the world’s largest auto market. The latest figure followed a 38 percent tumble in June, leading to the automaker’s worst-ever first-half year in China since starting operations in the country in 2001. For January-July, Ford’s China sales dropped 26 percent versus the same period a year earlier to 458,105 vehicles. …read more […]
Business News
Turkish turmoil, ruble woes knock euro, riskier assets
Worries over the plunging Turkish lira and Russian ruble pulled the euro lower on Friday and rippled through riskier assets worldwide, sending stock markets lower and buoying safe haven assets such as U.S. Treasuries.
Business News
Gene-editing startups ignite the next ‘Frankenfood’ fight
In a suburban Minneapolis laboratory, a tiny company that has never turned a profit is poised to beat the world’s biggest agriculture firms to market with the next potential breakthrough in genetic engineering – a crop with “edited” DNA.
Business News
Trade war threatens reign of luxury stocks
An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries.
Business News
Asian shares fall on dim trade outlook; dollar near 13-month peak
Asian stock markets fell on Friday despite signs of greater government support for firms in China, with global trade tensions clouding the outlook for demand.
Business News
Doug Field, former Tesla engineering chief, returns to Apple
Doug Field, who stepped down as the senior vice president of engineering at Telsa Inc last month, is returning to Apple Inc , Apple told Reuters on Thursday.
Business News
Samsung eyes young buyers with gaming, music-friendly Galaxy Note 9
Samsung Electronics Co Ltd unveiled the Galaxy Note 9 “phablet” in New York on Thursday in a key product launch that it hopes will attract younger customers with stepped-up features and services for gamers and music-lovers.