SAN FRANCISCO — Uber is famous for its pugnacious approach to business and willingness to fight any and all competition. But in a handful of countries, the ride-hailing company has ended up on a more conciliatory path. The latest example: On Thursday, Uber said it had formed a partnership with Yandex, the Russian search giant […]
Read moreU.S. President Donald Trump, under fire at home over Russian connections and abroad over climate change and trade, arrived in Paris on Thursday seeking common ground with France’s new leader Emmanuel Macron. After a bumpy start to relations, the two men both have incentives to improve ties — Macron hoping to elevate France’s role in […]
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AT THE start of this year, two straws in the wind caught the attention of those who follow the development of artificial intelligence (AI) globally. First, Qi Lu, one of the bosses of Microsoft, said in January that he would not return to the world’s largest software firm after recovering from a cycling accident, but […]
Read moreSAN FRANCISCO —The names, addresses and phone numbers of millions of Verizon customers were publicly exposed online by one of the company’s vendors. In some cases, security pins were also exposed by Nice Systems, a Verizon vendor, according to software security firm UpGuard, which uncovered the leak. UpGuard privately informed Verizon of the breach after […]
Read moreSanctions imposed by Arab states pushed Qatar’s inflation rate up only modestly in June, official data showed on Thursday, suggesting Doha is having considerable success in limiting economicdamage caused by its diplomatic crisis. Annual consumer price inflation rose to 0.8 percent last month from 0.1 percent in May, and remained far below a rate of […]
Read moreThe Financial Conduct Authority, an independent U.K. financial regulatory body, is looking into the possible use of artificial intelligence (AI) and machine-learning tools to enforce regulatory compliance. Nick Cook, the FCA’s head of data and information operations, said that the regulator was “still learning”, and that feedback from a “call for input” from regulatory technology […]
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Trump trouble has nothing to do with Russia, says VTB CEO: ‘We are living a quiet life in Russia'
Russia has nothing to do with the ongoing political scandals in the United States, the chief of one of the biggest Russian lenders told CNBC Thursday. The White House is once again embroiled in new controversy after Donald Trump Jr, the oldest son of the president, met a Russia lawyer who allegedly possessed damaging information […]
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Daimler reportedly accused of selling over 1 million cars with excess emissions
German carmaker Daimler has been accused of selling over a million cars with excessive emissions in Europe and the United States, Sueddeutsche Zeitung newspaper said on Wednesday, citing a search warrant issued by a Stuttgart court. Two months ago Stuttgart prosecutors searched Daimler sites in Germany following allegations of false advertising and the possible wrongful […]
Read moreA French court ruled on Wednesday that Google was not liable to pay 1.1 billion euros ($1.3 billion) in back taxes demanded by the French authorities. The Paris administrative court ruled that Google Ireland Limited was not subject to corporate and value-added taxes for the period 2005-2010, striking down the tax administration’s demands for back […]
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Europe to open higher after Yellen comments; Daimler seen down by 3.5%, Trump to visit France
European stock markets are set to open higher on Thursday morning as investors eye new earnings reports and look ahead to more comments from U.S. Federal Reserve Chair Janet Yellen who will testify to Congress for a second day. The DAX is set to gain 21 points to open at 12,648. The U.K.’s FTSE and […]
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