China’s commerce ministry said on Thursday that its months-long crackdown on intellectual property rights violations was not a response to probes by other countries as it also vowed boost imports to balance trade flows. Protection of intellectual property rights is important to China, ministry spokesman Gao Feng told reporters at a regular briefing in Beijing. […]
Read moreNew Delhi is expected to purchase two dozen unarmed drones from the United States to monitor growing Chinese activity in the Indian Ocean. President Donald Trump’s administration authorized the sale in June, with the price tag estimated at $3 billion, according to defense researcher Jane’s by IHS Markit. The U.S. approval was the first such […]
Read moreHugh Hefner, the iconic founder of Playboy magazine, died at his home, the Playboy Mansion, of natural causes at age 91, Playboy Enterprises said in a statement on Wednesday. Playboy magazine was founded more than 60 years ago to create a niche upscale men’s magazine, combining images of nude women with in-depth articles, interviews and […]
Read moreToyota, Mazda and parts maker Denso are planning to set up a joint venture to develop electric vehicles, sources familiar with matter said. Toyota, Japan’s biggest automaker, agreed to take a 5 percent stake in smaller rival Mazda in August and the two have flagged plans to jointly develop electric vehicle technologies. A formal announcement […]
Read moreAfter a weekend when Americans took to social media to debate President Trump’s admonishment of N.F.L. players who do not stand for the national anthem, a network of Twitter accounts suspected of links to Russia seized on both sides of the issue with hashtags such as #boycottnfl, #standforouranthem and #takeaknee. As Twitter prepared to brief […]
Read moreEquifax interim CEO, Paulino do Rego Barros Jr., apologized in a Wall Street Journal op-ed piece late Wednesday over a massive data breach and said the company will introduce a new service that would allow consumers the option of controlling access to their personal credit data. “The service we are developing will let consumers easily […]
Read moreWhen Facebook asked the Federal Election Commission for a waiver from disclosure rules on political advertising in 2011, its request was backed in force by Republicans and Democrats alike. But six years after both parties’ national and Congressional leadership committees helped Facebook secure the exemption, the friendly landscape in Washington has shifted dramatically against the […]
Read moreStanley Black & Decker plans to add drones to its commercial security business, and is developing drone-based systems in partnership with a startup called Sunflower Labs, CNBC has learned. Best-known for its power tools, Stanley Black & Decker generated some 18% of its revenue last year from security products including electronic locks, perimeter sensors and […]
Read moreU.S. equities advanced and the greenback rose following the unveiling of a long-awaited tax reform plan stateside ahead of Asian trade on Thursday. A highly-anticipated plan to reform taxes in the U.S. was released by Republicans on Wednesday. The framework proposed bringing the corporate tax rate to 20 percent from 35 percent and reducing the […]
Read moreRoku set its IPO price at $14 per share, according to Dow Jones, which would give the video streaming device maker a $1.3 billion stock market value when it debuts on Thursday. Roku filed its IPO prospectus earlier this month. The company generated $199.7 million in revenue during the first six months of this year, […]
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