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Apple to develop ‘Maps’ feature in India

  HYDERABAD / AP Apple will set up an office in southern India to develop the Maps feature for its products, the company said on Thursday in its second such announcement since CEO Tim Cook arrived in the country. A company statement said the venture will be located in the technology hub of Hyderabad and will create about 4,000 jobs. ...

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China’s Midea may takeover German robot maker Kuka

  HONG KONG / AP Chinese appliance maker Midea made a takeover offer for German industrial robot maker Kuka, a move that it says would help it capture a larger share of the “future service robots market.” Midea said it would offer 115 euros (about $130) a share to buy all the Kuka shares it doesn’t already own. The cash ...

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Philippines economy grows 6.9% in Q1

  Manila / AFP The Philippines’ economy grew a better-than-expected 6.9 percent in the first quarter, the government said on Thursday, putting it on track to meet full year targets and making it one of Asia’s best performers for the three month period. The GDP figure beat economist forecasts of about 6.6 percent, and marks the highest quarterly growth in ...

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