Apple has created a major new executive role in China and appointed the head of its wireless technologies unit to run it, reporting into CEO Tim Cook, as the technology giant struggles with falling sales in the world’s second-largest economy. Isabel Ge Mahe will take up the new role of vice president and managing director […]
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Ex-'Top Gear' host Chris Evans tops BBC's best paid list with salary of $2.9 million
Stuart C. Wilson | Getty Images Claudia Winkleman arrives for the GQ 25th Anniversary Exhibition at Phillips De Pury on November 12, 2013 in London, England. Of the 96 top people listed, only 34 are women while the remaining 62 were men. Just one, Claudia Winkleman, who presents entertainment shows including Saturday night’s “Strictly Come […]
Read moreA nonprofit disability rights organization filed a class-action lawsuit against Uber, claiming the ride-hailing service discriminates against New York City riders with disabilities by not providing enough access to vehicles that can accommodate wheelchairs. “Having grown rapidly since it began operating in New York in 2011, Uber provides hundreds of thousands of rides a day […]
Read moreGoogle is making search results in its mobile app look more like a news feed as it battles Facebook and Amazon for the attention of — and information about — online consumers. This week the technology giant updated its app to add content from more sources to search results. For example, data on local events, […]
Read moreAsian private equity players are pointing to one big deal opportunity ahead: People in Asia are getting older. Kyle Shaw, managing director at ShawKwei & Partners, a private equity firm focused on medium-sized industrial and industrial-tied services in Asia, said Wednesday that demographics is a major and “unstoppable” trend for investments. “In the 1980s through […]
Read moreMcCormick & Co said it would buy the food business of British consumer goods conglomerate Reckitt Benckiser Group for $4.2 billion to expand its footprint in the attractive condiments category. McCormick expects the hot sauce category will continue to see robust growth and said it would integrate the business, RB Foods, into its consumer and […]
Read moreThe current weakness in the U.S. dollar may be short lived, as a pick-up in inflation and expected rate hikes by the Federal Reserve will support the greenback in the coming months, JPMorgan Asset Management said Wednesday. “We’re thinking that the dollar will actually rebound in the second half, and this is mainly as the […]
Read moreAn increasingly assertive China is making its presence felt in Hong Kong, which is a development Taiwan is watching closely as the self-governed island marks 30 years after the lifting of martial law. “The Hong Kong experience provided a glimpse of what might happen to Taiwan should the ‘One Country, Two Systems’ formula apply (to […]
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ECB to hold steady this week as traders eye a September ‘taper’ of its bond-buying program
The European Central Bank (ECB) is widely expected to hold interest rates steady on Thursday with many market watchers expecting the bank to announce in September plans to reduce its bond-buying program. ECB President Mario Draghi’s speech in Sintra was interpreted by many economists as a sign that the central bank was more optimistic about […]
Read moreMicrosoft is throwing the weight of its Azure cloud infrastructure behind Baidu’s open source autonomous driving project, Apollo, the companies announced Tuesday. Baidu first revealed details about the initiative, named after the historic lunar landing program, in April: It is an open platform that provides cloud infrastructure, open software stack and other services that are […]
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