Amazon has held talks to gain U.K. rights to stream Premier League soccer matches ahead of a rights auction next month, according to a report by The Daily Telegraph. The tech giant has spoken with industry experts about the requirements of broadcasting live games as it lacks experience in the space, the newspaper said, citing […]
Read moreAction camera maker GoPro is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday. The job cuts are part of a bigger restructuring in the company, TechCrunch reported, citing a letter sent to impacted employees. The employees were relieved from duties on Thursday, but […]
Read moreWall Street’s eye-popping gains should be of great concern to global investors, an analyst told CNBC on Friday. The Dow Jones Industrial Average broke above 25,000 for the first time on Thursday, following the release of stronger-than-expected jobs data. It was the fastest 1,000-point move in the Dow’s history after the 30-stock index broke above […]
Read moreSpaceX will launch its biggest rocket yet, called the Falcon Heavy, at the end of the month, Chief Executive Elon Musk announced on social media late Thursday. The billionaire’s space exploration company claims the Falcon Heavy is the “most powerful rocket in the world by a factor of two.” Musk said in an Instagram post […]
Read moreChina will encourage companies to use the yuan in cross-border transactions and facilitate foreign investors’ use of the currency in direct investments in the country, the central bank said on Friday. China will also allow foreign institutions to use yuan in carbon emissions trading domestically, the People’s Bank of China said in a statement published […]
Read moreEuropean markets are expected to open mixed on Friday morning, as investors await a fresh batch of economic data. The FTSE 100 is poised to open down 7 points at 7,687, while the DAX is seen up 35 points at 13,196 and the CAC 40 is set to open 4 points higher at 5,414, according […]
Read moreSouth Korean trade negotiators are expected to be on the defensive as they meet with their U.S. counterparts on Friday to renegotiate a bilateral free trade agreement. President Donald Trump’s administration is looking to reduce the U.S. trade deficit with Seoul, which stood at $3.5 billion in the third quarter, according to U.S. data. South […]
Read moreAlphabet’s Google has led a $120 million investment in Chinese live-stream mobilegame platform Chushou, the two companies said on Friday, as the U.S. firm eyes new inroads to China where its search engine is blocked. Founded in 2015, Chushou is an online e-sports platform where users can live stream their mobile phone games. The service […]
Read moreMusic streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday. Tweet: Hello 70 million subscribers Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half of 2018. Spotify […]
Read moreChina’s fears of a financial crisis will spur Beijing to keep the country’s growth target in check, a widely followed China expert said Friday. “Their top priority is to prevent a financial crisis, so the government is looking for any pockets (of risk) that might be a trigger,” independent economist Andy Xie told CNBC’s “Squawk […]
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