Companies looking to grow should not shy away from adopting new, emerging technologies, even if they cannibalize their legacy operations, a panel of experts said Thursday. The rapid adoption of smartphones and improved Internet connectivity around the world has changed the way users today interact with technology — and has sometimes spurred the decline or […]
Read moreAn R2-D2 droid that was used in several “Star Wars” films has sold at auction for nearly $3 million. The auction house Profiles in History said the 43-inch tall unit that was compiled from parts used throughout filming of the original trilogy sold for $2.76 million at an auction Wednesday. There was no information about […]
Read moreSingapore’s property cooling measures, which have dampened residential sales and prices since their introduction in 2009, remain necessary, the city-state’s central bank said on Thursday. “Our key property market measures remain necessary for a stable and sustainable residential property market and to encourage household financial prudence,” the central bank, the Monetary Authority of Singapore (MAS), […]
Read moreSingapore’s central bank made a record net profit of 24.3 billion Singapore dollars ($18.6 billion) in the last financial year, bolstered by positive currency translation effects and higher investment gains. The Monetary Authority of Singapore (MAS), however, said it is “not popping the champagne” yet as its profits and losses are subject to wild swings. […]
Read moreHONG KONG — July 1 this year marks Hong Kong’s 20th anniversary of returning to China from British rule. While there are many events planned by the city’s government to celebrate the handover, the day is also known to be one of protest for citizens — especially for those who are demanding democracy. In the […]
Read moreShareholder activist David Webb, who published a report highlighting vulnerabilities in some Hong Kong small-cap shares which subsequently tumbled this week, said the rout was a sign regulators had failed investors. Webb’s report, titled “The Enigma Network: 50 stocks not to own,” published in mid-May, created a diagram outlining a complex web of cross-shareholdings of […]
Read moreAustralian police said on Thursday they have charged the Vatican’s treasurer, Australian Cardinal George Pell, with multiple sexual assault offences. “Cardinal Pell is facing multiple charges in respect of historic sexual offences,” Victoria state police deputy commissioner Shane Patton told a news conference in Melbourne. “There are multiple complainants relating to those charges,” he said. […]
Read moreChinese e-commerce giant Alibaba is ponying up $1 billion to boost its stake in Southeast Asian online retailer Lazada, ahead of Amazon‘s much-anticipated entry into the region. On Wednesday, Alibaba said it will increase its stake in the company from 51 percent to about 83 percent, bringing its total investment to over $2 billion. The […]
Read moreIn the brutally competitive market for smartwatches, battery life is a consistent problem. A pair of chemists from the California Institute of Technology might have the answer. They’ve just secured new funding to start getting their products into the market. Matrix Industries, a Silicon Valley start-up co-founded by Akram Boukai and Douglas Tham, who both […]
Read moreJapanese retail sales rose 2.0 percent in May from a year earlier, government data showed on Thursday, compared with economists’ median estimate of a 2.6 percent increase. This is a breaking news story. Please check back for more details. Follow CNBC International on Twitter and Facebook. Source: cnbc china Japan May retail sales rise 2.0 […]
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