Facebook introduced a stripped-down version of the social photo-sharing app Instagram, aimed at users in developing markets. Instagram Lite quietly appeared on the Google Play Store Wednesday for Android smartphones and the size of the app is just 574 kilobytes, substantially smaller than the roughly 90 megabytes required for the main Instagram app. The Lite […]
Read moreLeaders from the nations that share the euro currency are meeting Friday to discuss steps to make the region better prepared for potential crises. But, the mounting division between the 19 member states is threatening to stall any rapid progress. Broadly speaking, it refers to a vast group of measures put forward by the individual […]
Read moreHigh-speed internet connections, artificial intelligence (AI), machine-learning — technology is driving change in all areas of life. One business among many looking to embrace this new era of innovation is Australia-headquartered mining giant BHP. BHP is using everything from autonomous drills at iron ore mines to “smart caps” to analyze brain waves and monitor worker […]
Read moreShares in Europe are poised to start the trading day lower Thursday as concerns over global trade return. The FTSE 100 is seen off by 10 points at 7,593; the DAX is expected to start down by 8 points at 12,329; and the CAC 40 is set to open down by 10 points at 5,314; […]
Read moreWhen Benson Wang discovered he could cut his business’ energy bills by 25 percent, switching providers felt like a no-brainer. Three months later, he’s saved 900 Singapore dollars (around $660) — money he’s pumped back into his tapas restaurant. Wang’s is one of about 500 Singaporean companies said to have saved a combined 1.5 million […]
Read moreWatch out FedEx, UPS, DHL and the U.S. Postal Service: Amazon’s building its own last-mile delivery service. The e-commerce behemoth announced Thursday Delivery Service Partners, a new program designed to let entrepreneurs run their own local delivery networks of up to 40 delivery vans emblazoned with Prime logos. Each delivery unit will start their day […]
Read moreWalmart is rolling out two new ways to shop home furnishings, with a focus on small living spaces, just in time for the back-to-school season when students are heading off to college and looking for dorm decor. The effort builds on Walmart’s previous investments in its website and promises more to come. The retailer just […]
Read moreCitibank is closing down branches in its fastest-growing region — but the American banking group said that’ll actually help it do better than ever. The lender’s consumer business in Asia, its largest outside North America, registered its seventh consecutive quarter of growth in the first three months of 2018. Underpinning that momentum is the growth […]
Read moreImax CEO Richard Gelfond said Wednesday that large-scale media mergers will lead to more blockbuster movies and TV shows. “The middle companies are going to compete with the streaming companies, companies like Lions Gate,” Gelfond said on CNBC’s “Closing Bell.” “And I wouldn’t be surprised to see some of them get sold as these streaming […]
Read moreAsian stocks tracked lower on Thursday, taking cues from the losses seen on Wall Street overnight as financial and technology stocks weighed on U.S. markets. In Tokyo, the Nikkei 225 declined 0.66 percent amid broad-based weakness. Losses were led by the energy sector, with the Topix oil and coal products subindex down 1.62 percent after […]
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