Samsung smartphones are sending users’ pictures to their contacts without their permission, according to complaints by a number of people posted online. The issue appears to be affecting Galaxy S9 and Galaxy Note 8 users. One user on Reddit said that the entire photo library on his phone was sent over text to his girlfriend […]
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Bank of England policymaker says UK rates may rise faster than markets are expecting
The Bank of England (BOE) might surprise markets with a faster increase in interest rates than is currently expected, a member of the central bank’s Monetary Policy Committee told CNBC Tuesday. Market players have priced in a little bit more than one rate hike over the next 12 months. But, according to the BOE’s Michael […]
Read moreThe German coalition government has been salvaged after Chancellor Angela Merkel reached a compromise with interior minister and the leader of the Christian Social Union (CSU), Horst Seehofer, ending a bitter standoff over immigration. A political crisis was avoided Monday evening when Seehofer dropped his threat to resign after hours of talks with Merkel. The […]
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European markets seen slightly higher after Germany’s Merkel strikes migration deal
European stocks are set to open slightly higher Tuesday morning, though underlying sentiment could be soured by anxiety over global trade frictions. The FTSE 100 is seen little changed at 7,557; the CAC is expected to open up around 12 points at 5,285 while the DAX is poised to start 30 points higher at 12,272, […]
Read moreA tense and short-tempered Chief Executive Elon Musk barked at engineers on the Fremont, California assembly line. Tesla pulled workers from other departments to keep pumping out the Model 3 electric sedans, disrupting production of the Model S and X lines. And weekend shifts were mandatory. Tesla pulled out all the stops in the final […]
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Cross-border megadeals fall for the first time since 2013 amid trade and political concerns
Trade tariffs and political interference have started to hurt cross-border megadeals, a report from Mergermarket showed Tuesday. Although the first half of 2018 represented the strongest six months in merger market activity since the financial crisis, cross-border deals have taken a hit. In total, megadeals reached a value of $1.94 trillion in the first six […]
Read moreOne year ago, China made a major move to open up its domestic, or onshore, bond market. But the sector is now facing a trying time as investors brace for a greater number of payment defaults in the months ahead. That’s coming at a time when the Chinese economy faces the threat of a further […]
Read moreThe U.S. government moved on Monday to block China Mobile from offering services to the U.S. telecommunications market, recommending its application be rejected because the government-owned firm posed national security risks. The Federal Communications Commission (FCC) should deny China Mobile’s 2011 application to offer telecommunication services between the United States and other countries, the National […]
Read moreAsian markets edged cautiously higher on Tuesday, retracing some of the sharp declines seen in the overnight session as stocks tracked gains seen on Wall Street although worries over U.S. trade policy lingered in the background. The Nikkei 225 advanced 0.22 percent in early trade after steep losses seen in the previous session. Insurers and […]
Read moreLoup Ventures’ Gene Munster predicts the embattled automaker will be profitable by September. CEO Elon Musk announced Tesla aims to produce 6,000 Model 3s per week by August, but Munster says September is a safer bet. “This 5,000 production number was the first time in about nine months he’s gotten one right. I think it’s […]
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