South Korea will never tolerate North Korea as a nuclear state, nor will Seoul have nuclear weapons, President Moon Jae-in said on Wednesday, as China pledged to work on denuclearisation after setting aside a dispute with Seoul over an anti-missile system. The North Korea nuclear crisis will take center stage when U.S. President Donald Trump […]
Read moreMicrosoft is working on an artificial intelligence (AI) chip for its next generation HoloLens headset. And the U.S. technology giant could take it to other products in its hardware range, Panos Panay, corporate vice president of devices at Microsoft, told CNBC on Tuesday. In July, Microsoft disclosed it was working on a processor for the […]
Read moreHP Inc., maker of printers and personal computers, on Wednesday said it completed its purchase of Samsung Electronics’ printer business in a deal valued at $1.05 billion. The acquisition will expand HP’s portfolio and help to disrupt the $55 billion A3 copier market with multi-function printers that are simple to use but have the same […]
Read moreEuropean stocks are set to open on a positive footing Wednesday, despite a terrorist attack in New York, as investors focus on earnings reports. The FTSE 100 is set to start higher by 18 points at 7,511; the DAX is seen up by 93 points at 13,323 and the CAC 40 is expected to begin […]
Read moreJapan’s Sony said on Wednesday it has brought back AIBO more than a decade since it last made the robotic dog, as the electronics and entertainment firm seeks to rebuild its reputation for innovation after years of restructuring. The announcement comes a day after Sony confirmed its renaissance by forecasting its highest-ever profit this financial […]
Read moreJapan’s Shinzo Abe was re-elected prime minister on Wednesday after his ruling bloc’s big election win last month and days before U.S. President Donald Trump’s visit, expected to be dominated by concerns over a volatile North Korea. Abe, 63, took office in December 2012 promising to reboot the stale economy and bolster defense. His Liberal […]
Read moreCurrency, United States Finance
Russia's Medvedev says the world shouldn't be dominated by one currency
Russia’s Prime Minister Dmitry Medvedev said on Wednesday that the world should not be dominated by one currency. Russia is also working on its own national payment system, Medvedev told reporters in Beijing during a visit to China. Source: cnbc Russia's Medvedev says the world shouldn't be dominated by one currency
Read moreChinese consumers are getting very excited about the iPhone X. But for Apple, which has struggled to keep up with the onslaught of competition in China’s smartphone market, an upturn in fortunes may not yet be on the cards. Already, Chinese buyers are rushing to get their pre-orders before the official product launch on Friday. […]
Read moreShares of Sony popped on Wednesday morning, touching a nine-year high after rising more than 11 percent early in the session. The move in share price came after the Japanese consumer electronics giant revised upward its profit forecast for the fiscal year ending Mar. 31, 2018, and announced expectation-topping quarterly results on Tuesday. The company […]
Read moreIt wasn’t just Chinese President Xi Jinping who was written into the Communist Party constitution last week. His pet project, the Belt and Road Initiative was also enshrined in the document, signalling an all-out effort to realize the vision. It also makes the project potentially riskier for investors. The political gilding of the project (originally […]
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