Toshiba agreed Thursday to sell its chip division for 2 trillion yen ($17.7 billion) to a Bain Capital-led consortium that involves large U.S. technology firms including Apple and Dell. Earlier this year, Toshiba shareholders gave the go-ahead for the sale of the memory business; Toshiba is the world’s second largest producer of NAND flash memory […]
Read moreIf you’re under 13 or have a twin, it might not be a good idea to use the Face ID unlocking system on Apple’s new iPhone X. The U.S. technology giant released security guidelines on Wednesday about Face ID – the iPhone X feature that allows users to unlock the device just by looking at […]
Read moreA lookalike of the Washington Post website emerged in China, the Financial Times reported on Thursday. The website used the Washington Post masthead and distributed content not just from the Washington, D.C.-based newspaper, but also stories from the state news agency Xinhua, which were tagged as Washington Post copy, the report added. The website was […]
Read moreThe manufacturing industry could be transformed by 3-D printing, but business owners don’t understand the technology, slowing its adoption, according to Adrian Keppler, CEO of industrial technology services player EOS. “People don’t understand it, and they have a hard time understanding what it means for their business,” he told CNBC’s “The Rundown” on Thursday. The […]
Read moreSellers in Singapore have pulled counterfeit Lego sets featuring ISIS militants off their shelves, The Straits Times reported on Wednesday. The made-in-China toys were sold on and offline, and at local online marketplace Carousell, the newspaper reported. The sets were recommended for children between six and 12. Lego did not respond immediately to CNBC’s emailed […]
Read moreCurrency, United States Finance
Brexit negotiations ‘could fall apart at any time,’ says former Bank of England policymaker
Ongoing talks between the U.K. and the European Union could break down at any point, according to a former member of the Bank of England. This is because the way that Brexit talks have been planned is actually denying the chances of a successful outcome, DeAnne Julius, founding member of the Bank of England’s Monetary […]
Read moreU.S. companies are concerned about the Trump administration’s shift to focus on bilateral trade deals, rather than multilateral ones, said Tara Joseph, president of the American Chamber of Commerce in Hong Kong. “Individual deals, bilateral deals could actually take a lot of time to complete,” she told CNBC’s “Squawk Box” on Thursday. President Donald Trump […]
Read moreOnfido, a start-up that provides online identity management for services such as banking, has raised $30 million with Microsoft among the investors. The U.K. company allows other businesses to verify people online. For example, a banking app might ask a user to take a picture of his government identification, then take a selfie. Onfido’s software […]
Read moreCurrency, United States Finance
European stocks seen higher on Trump’s tax plans; BOE’s Carney due to speak
Markets in Europe are set for a higher open on Thursday morning after President Donald Trump unveiled much-awaited tax plans. The FTSE 100 is seen higher by 5 points at 7,314; the CAC 40 is set to start 8 points higher at 5,289 and the DAX 30 is expected to begin the trading day up […]
Read moreChina’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. […]
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