Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the “wearables” market. That may have ended up being its biggest problem. Top-tier venture capital firms Sequoia, Andreessen Horowitz, Khosla Ventures and Kleiner Perkins Caufield & Byers, and then a sovereign wealth fund, invested hundreds of millions […]
Read moreVirtually giving them away! The VR gaming specialist Oculus has announced it is to price its Rift headset at just $399, two-thirds of the price the company was charging less than five months ago. In a blog posting Monday, the company said the new lower price for its immersive headset will be available for a […]
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Would you feel safe riding a passenger drone? According to research, most Americans wouldn't
Commuters in Dubai could be taking to the skies in “passenger drones” later this year. The city’s Roads and Transportation Agency announced in June that its autonomous aerial taxi (AAT) service will be trialled at some point between October and December, with aircraft provided by German aviation company Volocopter. But new research from YouGov suggests […]
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Oil and gas will continue to be a necessity, despite lack of investment
Oil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on Monday. “When you look at the energy requirements, the increasing population, we feel there’s going to be a necessity from an oil and gas perspective as […]
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Europe to reject Brexit deal if U.K. fails to secure ‘favorable’ status for EU citizens
The European Parliament has criticized the U.K.’s proposals on EU citizens’ rights as a “damp squib” and has vowed to reject a Brexit deal if Britain does not offer more. Chief negotiator Guy Verhofstadt and leaders of four of the parliament’s main groups wrote in a joint letter to newspapers that Britain’s plans for the […]
Read moreA smart speaker alerted law enforcement to an assault last week after a man allegedly threatened to kill his girlfriend, ABC News reported. Eduardo Barros was house sitting with his girlfriend and her daughter in Tijeras, New Mexico on Sunday, July 2. An argument between the two broke out and became physical, according to Bernalillo […]
Read moreMarkets in Europe were higher midday Monday, extending gains seen across and Asia. The pan-European Stoxx 600 was firmly in the black, with the majority of sectors and all major bourses trading in positive territory. The region followed Asia in piggybacking off Wall Street’s strong performance late last week when U.S. June employment data emerged […]
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China's Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal
Dalian Wanda Group said it would sell Chinese tourism projects and hotels to Sunac China for $9.3 billion, marking a step back for the property giant from its theme park ambitions. The sale — the second-biggest real estate deal ever in China according to Reuters data — is however expected to help Wanda cut its […]
Read moreCompared to a year ago, investors are now more willing to overlook China’s economic slowdown, realizing that current cyclical bumps will not derail the country’s prospects, UBS CEO Sergio Ermotti told CNBC. China can still double the size of its economy even if it grows only 5 percent over the next 15 years, he added. […]
Read moreChinese internet giant Tencent launched its WeChat Pay payments service in Europe on Monday, challenging rival Alipay, which is owned by rival Alibaba’s affiliate Ant Financial. WeChat is a giant social media service that has 938 million monthly active users. Tencent has partnered with German payments firm Wirecard to allow European retailers to accept WeChat […]
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