Samsung Electronics Co. is developing a voice-activated speaker powered by its virtual assistant Bixby, the Wall Street Journal reported on Tuesday. The project, internally known as “Vega”, has been in development for at least a year, the paper said, citing people familiar with the matter. The timing is not clear and many of the speaker’s […]
Read moreFrench President Emmanuel Macron vowed Monday that he would move to a public vote if lawmakers did not move quickly enough to back his ambitious reform agenda. In a rare address to both houses of parliament which echoed the U.S. State of the Union address, the newly-elected president said that he planned to cut the […]
Read moreFrance had the right to punish two Uber executives last year for running an illegal taxi service, the European Union’s (EU’s) top court said on Tuesday. Criminal law proceedings were brought against Uber in France in 2016 when a French court found two of its executives guilty of running an illegal transportation service. The court […]
Read moreImproving operating conditions and a more positive credit cycle led Moody’s Investors Service to upgrade its outlook for Asia-Pacific (APAC) banks to “stable” from “negative” on Tuesday. The ratings agency added that 77 percent of bank outlooks in the region are now “stable”, an increase from 64 percent at the end of last year. Banks […]
Read moreMalaysia’s Lotte Chemical Titan Holding said on Tuesday its initial public offering (IPO) was priced at 6.50 ringgit ($1.51) per share, the bottom of an indicative price range. At 6.50 ringgit apiece, the IPO is set to raise $878 million, still Malaysia’s biggest stock flotation since 2012. The integrated petrochemical producer, part of South Korean […]
Read moreThis article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. NOIDA, India — The Intex brand doesn’t have much name recognition beyond India’s borders. In fact, the Indian smartphone maker has even struggled to compete in its home market — pushed aside by global players like […]
Read moreItaly would like to see Britain reverse its decision to leave the European Union despite the fact that the process has already began, according to the country’s ambassador to the U.K. “We would be delighted if a shift in public opinion would lead the government in the future to stop the process and backtracking backtrack? […]
Read moreCurrency, United States Finance
Drone regulation eyed as unmanned aircraft causes chaos at UK airport
Drones have come a long way from being military-grade equipment to commercially accessible toys sold across mainstream stores. But as well as being disruptive to industries – with Amazon trialing its own drone delivery service – drones have become increasingly disruptive to commercial aircraft, buildings, and people. Several flights were delayed at a U.K. airport […]
Read moreAustralia’s fourth largest bank ANZ may appear to be downsizing operations in Asia with the recent asset sales, but its chief executive said the lender was merely “tweaking our strategy.” ANZ CEO Shayne Elliott told CNBC’s “Street Signs” on Tuesday the “tweaks” to focus on its corporate clients in Asia came after taking into consideration […]
Read moreBrexit could lead to a fragmentation of the financial services industry in Europe, incapable of fighting against major financial hubs like New York and Singapore, a senior Italian official told CNBC in an exclusive interview. “There’s a danger in fact. We are concerned because having an easy and relatively cheap access to market capitals here […]
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