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China slaps GM with $29mn fine for antitrust violations

  Bloomberg China slapped a $29 million fine on General Motors Co. for antitrust violations, a sign of the growing tensions between the US and the Asian nation. The largest US automaker is accused of setting minimum prices on some models in its SAIC General Motors joint venture. The Shanghai Municipal Development & Reform Commission, which imposed the 201 million ...

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Myanmar farmers reap rewards from 3D printing

  AFP Whizzing across a blue-lit platform with a whirr and a squeak, liquid plastic emanating from its chrome tip, the 3D printer seems a far cry from the muddy, crop-filled fields that fringe Yangon. But in an industrial park south of Myanmar’s commercial hub, the advanced technology is now being used to design bespoke parts that are changing the ...

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Alibaba’s on-demand services unit close to securing $1.2bn funding for expansion

  Bloomberg Alibaba Group Holding Ltd.’s on- demand services unit is close to securing $1.2 billion of funding for expansion after getting backing from first-time investors including Silver Lake Management and China’s sovereign wealth fund, people familiar with the matter said. The latest round for Koubei, which deals in local services such as food delivery, will surpass a $1 billion ...

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Tata investors vote to oust independent director Wadia

  Bloomberg Shareholders of Tata Motors Ltd. voted to oust independent director Nusli Wadia from the automaker’s board, bringing the owner of Jaguar Land Rover closer to parent Tata Sons Ltd., the holding company of India’s largest conglomerate. About 71 percent of the investors who voted agreed to remove Wadia at a special shareholder meeting in Mumbai on Thursday, according ...

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Coal traders see end of price rally as China ramps up output

  Bloomberg Coal’s recovery was one of the biggest surprises in commodities this year, but it’s all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80 percent as China, also the world’s biggest consumer of the fuel, boosted imports. Benchmark month-ahead contracts will ...

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Hefty price, connectivity missteps mar Super Mario

  NEW YORK / AP Super Mario might be running, but a hefty price tag for a mobile game just won’t fly with the masses. The world so far is underwhelmed by “Super Mario Run,” which Nintendo released for the iPhone last week. This is no “Pokemon Go,” which captivated millions of players in their quest to collect digital monsters ...

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Amazon aims to blur lines between game, real life

  AFP On Amazon’s streaming game platform Twitch, the world of gaming is being intermingled with real life. A feature unveiled by Amazon called IRL — the acronym for “in real life” — lets people broadcast moments from their lives as part of game play. Amazon called this feature “a new content category designed to both enable and encourage Twitch’s ...

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Czech firm launches batteries based on nanotechnology

  Relaxnews A Czech company opened a production line for batteries based on nanotechnology, which uses tiny parts invisible to human eyes. The batteries are touted as potentially more efficient, longer-lasting, cheaper, lighter and above all safer. The automatic line will operate for several months to get all necessary certifications. Then, Prague-based company HE3DA said Monday it is ready to ...

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Women rule Dior’s 2017 spring/summer collections

  Relaxnews French fashion house Dior has unveiled the advertising campaign for its spring/summer 2017 collection, the first ready-to-wear line overseen by new creative director, Maria Grazia Chiuri. In the spirit of the catwalk show, which previewed the collection in September, the Italian designer’s feminist values play a key role in the project, designed by, with and for women. The ...

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