Berliners voted to keep the historic Tegel airport open even after a new international hub is completed, creating a headache for the German capital’s government, which wanted it closed. Tegel sprang up in just 90 days in 1948 to support the Berlin Airlift, a huge operation to ship supplies and thwart a Cold War Soviet […]
Read moreT-Mobile and Sprint are entering due diligence in a stock-for-stock deal that is expected to make Deutsche Telekom the controlling owner, sources tell CNBC’s David Faber. The stock exchange ratio is expected to be at market, the sources said. The companies are hoping to reach an agreement by the third week of October. Faber said […]
Read moreThe European Central Bank is becoming more confident that inflation will rise back to its target but the euro zone still requires substantial stimulus, ECB President Mario Draghi said on Monday. The medium term outlook is also clouded by uncertainty, including from the recent volatility in the euro’s exchange rate, Draghi told the European Parliament’s […]
Read moreShares in meal kit delivery service Blue Apron rose 3 percent Monday after an upgraded ‘buy’ rating from Guggenheim. Blue Apron leads the meal kit delivery service sector, which the rating firm estimates will grow at a rate of 25 percent to $10 billion in the next 3 years, according to a note released Monday. […]
Read moreMicrosoft on Monday announced updates to its Azure public cloud that make it a more formidable challenger to market leader Amazon Web Services. Microsoft unveiled a piece of hardware full of hard drives that companies can fill up with data before sending it off to Microsoft data centers. Companies would use this service for sending […]
Read moreMicrosoft on Monday introduced a software bundle for so-called front-line workers like cashiers, truck drivers and factory employees. The announcement at Microsoft’s Ignite conference in Orlando, Florida, could help the company boost its usage and revenue numbers for some of its most important products at a time when it’s dealing with competition from Google’s Chrome […]
Read moreUber Chief Executive Dara Khosrowshahi admitted the firm “got things wrong” Monday in a plea to London after the ride-hailing app was stripped of its license to operate in Britain’s capital city. “While Uber has revolutionized the way people move in cities around the world, it’s equally true that we’ve got things wrong along the […]
Read moreThe Federal Reserve is on track to gradually raise interest rates given factors depressing inflation are “fading” and the U.S. economy’s fundamentals are sound, an influential Fed policymaker said on Monday. New York Fed President William Dudley, among the first U.S. central bankers to speak publicly since their decision last week to hold rates steady […]
Read moreApple’s rollout of two major iPhone models this year may cause short term issues for the company, according to one Wall Street firm. Citi Research lowered its earnings and sales estimates for the Apple’s September quarter, predicting lower than expected demand for the iPhone 8 will cause the company to miss the Wall Street consensus. […]
Read moreRelations between Iran and the U.S. grew more strained over the weekend after the Middle Eastern country successfully tested a new ballistic missile with a range of 2,000 kilometers. The Khorramshahr missile test took place Saturday; Iran state media said it could carry several warheads. The weapon was first seen during a military parade Friday, […]
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