Artificial Intelligence of AI is the new mantra for IT companies in 2016. While one of Google’s AI programs won the complex game of ‘Go’ against the world’s best player, pulling out moves a human mind could not comprehend, other… Read More ›
Economy & Finance
Selling Its Pricy iPhone the main Challenge for Apple’s Cook in India
Tim Cook is being treated as virtual rock star while he visits India on his first trip. Keeping Cook’s bodyguards busy as the Apple Inc. chief executive officer toured the city’s most famous temple, the paparazzi have tailed him since… Read More ›
Netflix and Amazon face EU Quota Threat
As part of an overhaul of the EU’s broadcasting rules, Netflix and Amazon’s video streaming services could be forced to devote “at least” 20 per cent of their catalogues to European films and TV shows. Potentially forcing video-on-demand groups to… Read More ›
Freakish Diamond with Freak Dig Out Story from Sub-Arctic Ice Is About to Go on Sale
Foxfire is a freak, even in the world of rare stones. And it is also a freakish incident that saved rare diamond from being discarded as it was found buried in a place where big gem-quality diamonds aren’t supposed to… Read More ›
As VIP Punters Step Back, Macau Casinos Face Growing Bad Debts
At a time when high-roller VIP punters are backing off, Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the world’s largest gambling hub. The operators in the southern Chinese territory have been prompted… Read More ›
Foxconn Sister Concern Buys Microsoft’s Feature Phone Business for $350 million
FIH Mobile, a subsidiary of Foxconn, is buying the feature phone business from Microsoft for $350 million. According to the deal, Microsoft would hand over the rights to use the Nokia brand, feature phone software, services, and other contracts and… Read More ›
With declining U.S. stockpiles, oil sees a rally
Major banks including UBS and BAM are bearish on the near-term while being optimistic in the long run. Diminished U.S. stocks and with wildfires looming threats on Canadian oil supplies, U.S. crude oil prices hit their 7 months high yesterday…. Read More ›
White Elephant Financial District Aimed to be Salvaged by Saudi Arabia
A white elephant in the making, unlikely to attract tenants and possibly never even to be completed, the plan to build a financial district from scratch was viewed by Saudi Arabia’s neighbors as among the glossiest excesses of the kingdom’s… Read More ›
ChemChina-Syngenta deal comes under increased scrutiny with USDA joining the review panel
With this deal China is looking for a strategic hold on global food supplies. As per multiple sources familiar with the matter at hand, the U.S. Department of Agriculture is set to join the U.S. government panel that is in… Read More ›
BlockRock’s CEO wants to see more aggressive reforms in China
While noting the path to a service-oriented economy took decades for the West, which included periods of recession, Larry Fink, said China needs to bring about a solid fiscal policy. Introducing excess credit into the system is not the way… Read More ›
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