Bloomberg Glencore’s agriculture unit has become the latest trading house to join an initiative to modernise the way grain and oilseed transactions are handled. The group, which includes Archer-Daniels-Midland Co, Bunge Ltd, Cargill Inc, Louis Dreyfus Co and Cofco International, is working on a new platform in an effort to make global trading faster and more efficient. The platform, which …
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TeamViewer seeks $2.5b in top German tech IPO since 2000
Bloomberg The owners of software maker TeamViewer are seeking to raise as much as $2.54 billion in Germany’s biggest technology initial public offering in almost two decades. Private-equity firm Permira plans to sell as many as 84 million shares for 23.50 euros to 27.50 euros apiece via holding firm TigerLuxOne, the company said in a statement. TeamViewer stock is expected …
Read More »Delivery drone unveiled by startup joins air race for commerce
Bloomberg A startup hoping to challenge more established drone delivery giants such as Amazon.com Inc is unveiling a pod-like craft that it predicts could someday be used by stores to get products to customers within minutes. The company, Flirtey Inc, also envisions entering the public health sphere, with plans to fly defibrillators directly to emergency scenes, the company said in …
Read More »Samsung’s redesigned Galaxy Fold on sale in home market
Bloomberg Samsung Electronics Co’s Galaxy Fold was on sale in its home market of South Korea, following a months-long delay caused by the discovery of a severe defect in the original design. The Galaxy Fold, a $1,980 luxury Android device that opens like a book, was originally scheduled to go on sale in April, but it was delayed after multiple …
Read More »Momo falls 6% after China starts probe into viral face-swap app
Bloomberg Momo Inc’s shares slid by their most in a month after China’s technology industry overseer began an inquiry into how its Zao face-swapping app handles user data. The stock slid 6.6 percent after the Ministry of Industry and Information Technology responded to an online outcry about privacy terms involving the app, which went viral in the world’s biggest smartphone …
Read More »Amazon targets Europe with new Fire TV
Bloomberg Amazon.com Inc announced a new lineup of televisions running its smart Fire TV operating system, including the first sets it has sold in Europe. The retail and technology giant says it’s working with manufacturers and retail partners to bring more than 15 Fire TV devices to market over the next year. They include JVC-branded TVs bound for Currys PC …
Read More »Users worry about smart speaker privacy, but buy them
Bloomberg Consumers are worried machines by Amazon and Google are eavesdropping on them at home, but that’s not stopping purchases. Despite increasing concerns about “passive listening†and privacy risks, more people are buying smart speakers like Amazon.com Inc’s Echo and the Google Home, according to a Capgemini Research Institute report. Almost half of the survey’s 12,000 respondents who live in …
Read More »Apple readies new iPhones, iPads and larger MacBook Pro
Bloomberg Apple Inc is readying a clutch of new hardware for the coming weeks and months, including “Pro†iPhones, upgrades to iPads and its largest laptop in years. The Cupertino, California-based technology giant is planning to announce three new iPhones at an event next month, according to people familiar with the situation. The handsets will likely go on sale in …
Read More »Facebook paying to transcribe users’ audio chats
Bloomberg Facebook Inc has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work. The work has rattled the contract employees, who are not told where the audio was recorded or how it was obtained — only to transcribe it, said the people, who requested anonymity …
Read More »Nvidia sales, profit results top estimates
Bloomberg Nvidia Corp’s second-quarter sales and profit topped analysts’ estimates, suggesting that a slump in orders may be easing amid a revival in demand for graphics chips. Revenue in the quarter that ended in July was $2.58 billion, and profit excluding certain costs was $1.24 a share, the Santa Clara, California-based company said. Analysts, on average, had estimated adjusted earnings …
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