Just a stone’s throw across a narrow waterway from the world’s largest gambling hub Macau, a former oyster farming island is being transformed into China’s newest tourism haven. Dubbed by some as China’s answer to Florida’s Orlando — a global tourist magnet with its cluster of major theme parks — Hengqin has seen property prices […]
Read moreSnap has been asked by the Saudi Arabia government to remove the Al Jazeera Discover Publisher Channel in that country because it violated local laws, the social media company said on Sunday. “We make an effort to comply with local laws in the countries where we operate,” a Snapchat spokesperson said in a statement to […]
Read moreAsian shares gained on Monday as investors anticipated clues on the direction of monetary policy from central banks later in the week. South Korea’s benchmark Kospi index rose 0.46 percent in early trade, with technology stocks driving broader gains on the index: Samsung Electronics was up 1.07 percent and SK Hynix rose 2.72 percent in […]
Read moreABB, a major player in the realm of robotics, automation and power generation, is fiercely committed to the global shift to electric vehicle transportation. The transformation from traditional cars to electric ones is “a huge opportunity” that will enable ABB to “work with smart cities of the future,” Chairman Peter Voser told CNBC on the […]
Read moreGeneral Motors and its joint venture in China, Shanghai GM, will recall more than 2.5 million vehicles due to faulty airbag inflators, China’s top quality watchdog said. The vehicles are equipped with airbag inflators produced by troubled Japanese manufacturer Takata, according to the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ). From Oct. 29, […]
Read moreNorth Korea’s growing armed belligerence is a strategic opportunity for American multinational Honeywell. “We fully expect it [North Korea] will help the defense side of our business because Japan, South Korea and others are going want to protect themselves and be a lot more careful because who knows where something like this can go,” David […]
Read moreAlthough markets did not react much to North Korea’s latest missile launch — which rocketed over Japan Friday morning — the chairman of the largest Japanese bank had a warning for his fellow citizens. “We need to worry about this,” Nobuyuki Hirano, chairman of Bank of Tokyo-Mitsubishi UFJ and CEO of parent company Mitsubishi UFJ […]
Read moreGermany’s largest bank reportedly expects subpoenas or requests from authorities investigating potential coordination between Donald Trump’s presidential campaign and the Russian government. But until there’s a binding request, his bank won’t give anything up, Deutsche Bank CEO John Cryan told CNBC. The German lender has done business with the current U.S. president for decades, and […]
Read moreTechnology threatens jobs in many industries, but one bank chief is already predicting that “a lot of people” in his industry will see their roles taken by automation in the next five to 10 years. Deutsche Bank CEO John Cryan has made headlines before for his prediction that technology will end many banking jobs, but […]
Read moreAlcohol has been mostly out of grasp for Amazon — until recently. Even with a network as vast and complex as Amazon, the logistics of shipping booze is somewhat nightmarish. Intoxicating liquor can’t be mailed in the U.S., and services like FedEx have strict requirements for delivery. Then there are individual state mandates on both […]
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