German industrial group Siemens and French rival Alstom agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC. Siemens will own 50 percent plus a few shares of the joint venture, to be called Siemens Alstom, while Alstom will supply Henri Poupart-Lafarge as chief executive, […]
Read moreIn a rare public feud between large technology companies, Amazon.com Inc said on Tuesday its Echo Show devices could no longer play videos from YouTube because the site’s parent, Google, stopped supporting the service. The spat is the latest in Silicon Valley in which competitive tensions stood in the way of customers. Amazon and Google […]
Read moreNorth Korean officials are trying to meet with Republican-linked analysts to better understand Trump
North Korean government officials have been trying to arrange meetings with Republican-linked analysts in Washington to better understand President Donald Trump and his messages to the reclusive nation, the Washington Post reported on Tuesday. The outreach, which has been done quietly by Kim Jong Un‘s regime, started before the current war of words between the […]
Read moreFord, which has been criticized for not moving faster to develop a strategy for developing autonomous-drive vehicles, is turning to Lyft for help in testing self-driving cars. The automaker is partnering with Lyft by initially offering human-driven vehicles on the ride-share operator’s fleet. Eventually, Ford plans to make its autonomous-drive vehicles available to Lyft customers. […]
Read moreCurrency, United States Finance
European markets set to open higher on Yellen’s hawkish tone; Fortum bids for Uniper
European markets are expected to open higher Wednesday on growing expectations of another rate hike in the United States before the year-end. The FTSE 100 is set to open up by 5 points at 7,277; the DAX is seen higher by 14 points at 12,607 and the CAC 40 is set to begin higher by […]
Read moreSan Francisco City Attorney Dennis Herrera filed a lawsuit on Tuesday against Equifax, the credit reporting firm which suffered a massive data breach affecting personal identifying information of 143 million people — more than half the country’s adult population. The city attorney’s office said in a notice that the lawsuit was filed against Equifax for […]
Read moreApple told CNBC it will be releasing a fix for a disruptive sound in the earpieces of some iPhone 8 and iPhone 8 Plus smartphones during phone calls, an issue reported by The Verge. “Dozens” of users are reporting online that the earpieces makes a “crackling” or “static” sound that “disrupts the audio” when they […]
Read moreRide-hailing service Uber said on Tuesday it will stop operating in the Canadian province ofQuebec next month, pulling out to avoid following tough new regulations announced last week. Uber is withdrawing from Canada’s second-most populous province as it also battles a decision to strip the company of its license to operate in London, the latest […]
Read moreU.S. money manager Invesco may announce a deal to purchase Guggenheim Partners’ exchange-traded fund business on Thursday, the Financial Times reported on Wednesday, citing two people familiar with the matter. Invesco is expected to pay between $1.1 billion and $1.3 billion in cash for the purchase, which has yet to be finalized, the newspaper said, […]
Read moreCommerce Secretary Wilbur Ross told CNBC that the White House isn’t in chaos, its transition was “normal,”‘ and he blamed the news media for being too focused on Washington. “Anytime you have a new administration, particularly a shift from one party that had been in the administration for eight years to another one, you’re bound […]
Read more