Uber said Tuesday that it would be ignoring an order from the Philippines‘ transport regulator to temporarily cease and desist operations. The U.S.-based ride-hailing company said it has filed a motion for regulatory reconsideration after the Land Transportation Franchising and Regulatory Board (LTFRB) issued an advisory on Monday, wherein it said it had suspended Uber’s […]
Read moreAustralian fast-food chain Domino’s Pizza Enterprises, the biggest Domino’s franchiseeoutside the United States, missed full-year profit expectations on Tuesday due to sluggish sales in Japan and France, sending shares to a near two-year low. Sydney-listed Domino’s also forecast slower earnings growth in the current financial year to June 2018, pointing to moderation in the spectacular […]
Read moreApple is gearing up to release a new Apple Watch which may not require tethering to an iPhone for key functions like calls, making it a standalone device, a source with knowledge of the matter told CNBC. The U.S. tech giant will launch the next generation Apple Watch in September, the source said, when it […]
Read moreThe German economy grew by less than expected in the second quarter as net trade dampened an overall expansion which was driven by strong household spending and rising state expenditure, the Federal Statistics Office said on Tuesday. Seasonally and calendar adjusted gross domestic product (GDP) in Europe’s biggest economy rose by 0.6 percent on the […]
Read moreIndonesia posted its first trade deficit since late 2015 in July, as imports surged more than exports did, the statistics bureau said on Tuesday. Southeast Asia’s largest economy had a trade deficit of $271.2 million in July. A Reuters poll had forecast a $1.1 billion surplus. June’s trade surplus was revised on Tuesday to $1.67 […]
Read moreThe Philippines’ peso has tumbled to a fresh 11-year low, but the country’s policymakers said that heralded good tidings. Nestor Espenilla, governor of the country’s central bank, Bangko Sentral ng Pilipinas, or BSP, said he wasn’t worried about either the deficit or the currency’s drop — or even his expectation that the peso may fall […]
Read moreThe global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute for steel: wood. Japanese researchers and auto component makers say a material made from wood pulp weighs just one fifth of steel and can be five times stronger. The […]
Read moreThe CEO of one of the world’s largest computer chipmakers has become the third executive to leave President Donald Trump’s American Manufacturing Council in the span of a day. Brian Krzanich, who has held the reins at Intel since 2013, announced his resignation from the group of corporate leaders in an official blog post late […]
Read moreSouth Korea’s President Moon Jae-in said on Tuesday there will be no military action upon the Korean peninsula without Seoul’s consent and that the government would prevent war by all means. “Military action on the Korean peninsula can only be decided by South Korea and no one else can decide to take military action without […]
Read moreChina said on Tuesday that it would take actions to defend its interests if the United States damages trade ties after President Donald Trump authorized an inquiry into China’s alleged theft of intellectual property. The United States should respect objective facts, act prudently, and not destroy principles of multilateralism, China’s Ministry of Commerce said in […]
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