Russia’s foreign ministry said on Thursday that moves by Alphabet Inc.‘s Google to place articles from Russian news outlets Sputnik and Russia Today lower in search results would amount to censorship. Alphabet Executive Chairman Eric Schmidt, speaking on stage at an international forum last Saturday, responded to a question about Sputnik articles appearing on Google […]
Read moreWorkers at Amazon‘s main distribution hub in Italy are planning their first ever strike for Friday, trade unions said, threatening to disrupt one of the busiest shopping days of the year. Like the rest of Europe, Italians in recent years have embraced the U.S. tradition of Black Friday, a day of heavy discounting by retailers […]
Read moreApple supplier Foxconn has stopped students from working illegal overtime at a factory in China. It comes after the Financial Times reported Tuesday that six high school students in Henan province would work 11-hour shifts to manufacture Apple’s iPhone X. The long hours breached Chinese laws which aim to prevent children from working more than […]
Read moreThe CEO of a cryptocurrency start-up that raised nearly $375,000 through an initial coin offering (ICO) and then disappeared, lied about his employment history on the company’s website, CNBC has learned. Confido billed itself as a blockchain start-up that was disrupting traditional escrow services and transactions. After it raised the money, all of its social […]
Read moreEuro zone business growth is roaring as the year draws to a close, a survey showed on Thursday, supporting the European Central Bank’s move last month to announce a throttling back of its monetary stimulus. Surveys covering both the services and manufacturing industries outshone even the most optimistic forecasters in Reuters polls – indicating growth […]
Read morePeople who drink three or four cups of coffee every day could significantly reduce the chances of early death, a new study suggests. A review of more than 200 studies found coffee consumption was “more often associated with benefit than harm,” adding even people who drank as many as seven cups of coffee were likely […]
Read moreRegulators around the world are probing a massive data breach at ride-hailing service Uber and its apparent role in covering it up. On Tuesday, Uber disclosed that hackers stole data from 57 million riders and drivers in an attack that happened in 2016. The company paid the hackers $100,000 to delete the data and keep […]
Read moreChinese equities saw heavy losses Thursday following new liquidity rules in the country and as global investors opted for safe-haven assets like sovereign bonds. The Shenzhen composite closed down 2.9 percent and the tech-heavy Chinext composite lost 2.77 percent. The Shanghai composite dropped 2.2 percent with the technology, consumer non-cyclical and health-care sectors recording the […]
Read moreGerman engineering and steel group Thyssenkrupp posted its highest order intake in five years on Thursday, boosted by record demand for its elevators and components for the car and construction sectors. Order intake rose 18 percent to 44.29 billion euros ($52.34 billion) in the group’s 2016/17 financial year. Adjusted earnings before interest and tax (EBIT) […]
Read moreChinese artificial intelligence start-up SenseTime Group is planning an initial public offering (IPO) and aims to open a research and development (R&D) centre in the United States as early as next year, its founder told Reuters in an interview. The Hong Kong and Beijing-based deep learning company founded by Tang Xiaoou, a professor at the […]
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