Jerome Dubois and Rylan Hamilton were two executives at Kiva Systems, a robotics company that Amazon bought for $775 million in 2012. Within a couple of years of that deal, Amazon took the Kiva robots off the market, rebranded the division as Amazon Robotics, and wielded a big competitive advantage over other logistics businesses and […]
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UK economy expands 0.3 percent in second quarter, meets estimate, sterling slips
The U.K. economy grew 0.3 percent in the second-quarter of this year, in line with expectations. However, the Office for National Statistics noted a “notable slowdown” in the first half of 2017. The U.K. had grown at a pace of 0.2 percent in the first quarter of this year. The slight uptick in the British […]
Read moreNintendo swung to profit in its financial first quarter, beating analyst expectations, boosted by a strong performance from its new Switch console and hit new Mario and Zelda games. The Japanese electronics giant reported the following results: Revenue of 154.07 billion yen ($1.37 billion) versus expectations of 136.53 billion yen Operating profit of 16.21 billion […]
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Russia lawmaker says US should expect painful response to sanctions — but could it really retaliate?
Any Russian response to fresh sanctions from the U.S. is unlikely to cause any major harm for American investors and could merely be a symbolic gesture, according to one political analyst. Moscow stepped up its war of words against Washington Wednesday after the U.S. House of Representatives voted overwhelmingly in favor of imposing new sanctions. […]
Read moreItaly’s biggest lender UniCredit has suffered attacks on client data, with around 400,000 of its Italian customers affected by unauthorised accesses of data, potentially including personal andbank account details, it said on Wednesday. No passwords were stolen in the attacks, which first occurred in September and October last year and then again in June and […]
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Italy's 'immortal' Silvio Berlusconi bouncing back in polls and could become kingmaker
The center-right party of Italian politician and ex-Prime Minister Silvio Berlusconi is leading voter polls in the country and could now be central to forming a new government in elections looking likely in early 2018, according to analysts. Despite a political career that has been plagued by corruption allegations and sex scandals, Berlusconi is seeing […]
Read moreThe circumstances that brought down Malaysia Airlines flight MH370 remain one of the world’s greatest aviation mysteries, but the carrier’s chief executive said he believed a breakthrough can be made within the next four years. The plane, a Boeing 777, was carrying 239 people en route to Beijing from Kuala Lumpur when it vanished from […]
Read moreSperm counts in men from America, Europe, Australia and New Zealand have dropped by more than 50 percent in less than 40 years, researchers said on Tuesday. They also said the rate of decline is not slowing. Both findings — in a meta-analysis bringing together various studies — pointed to a potential decline in male […]
Read moreSouth Korea is in no hurry to set up an advanced missile defense system designed to protect its shores from North Korean aggression despite fears of another intercontinental ballistic missile attack from its northern neighbor. In June, South Korean President Moon Jae-in suspended further installation of the $923 million Terminal High Altitude Area Defense, or […]
Read moreHyundai Motor’s bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States. The South Korean firm — which together with affiliate Kia Motors is the world’s No.5 automaker together — has been betting […]
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