July, 2019

• 27 July

  The EU should give Boris Johnson a new Brexit deal

  

  Britain’s new prime minister, Boris Johnson, won the job promising to do something Europe’s leaders have long refused to allow: renegotiate the Brexit withdrawal agreement. The EU should think again — not to help Johnson, but for strictly selfish reasons. The constant sticking point in the Brexit saga has been the so-called backstop — the plan to avoid new border ...

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• 27 July

  Retail property sector in Singapore battles an online shopping exodus

  

  Singapore’s malls are showing some resilience to the global hollowing out of physical retail by online shopping. The demographics of the smartphone generation are still against them, though. Suburban middle-class shopping centers put up a strong show in CapitaLand Mall Trust’s quarterly earnings. Their relative outperformance was an overarching theme in the results of Singapore’s biggest mall landlord, which offer ...

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• 27 July

  Tech superpowers need better talking points

  

  The US technology superpowers need better talking points — and fast. The US Department of Justice said that it would start reviewing how “market-leading online platforms” became big and whether they are squashing competition, limiting innovation or hurting consumers in other ways that may violate US antitrust laws. The government didn’t name names, but rest assured you can throw Google ...

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• 27 July

  Samsung revives its Galaxy Fold for September launch

  

  Bloomberg Samsung Electronics Co will begin selling its Galaxy Fold in September, resurrecting a device it pulled months ago after early reviewers reported defects in the gadget’s much-touted flexible screen. The world’s biggest smartphone maker is conducting final testing after making a series of modifications to the device, and said in an online post it will sell the phone in ...

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• 27 July

  Roku working on new device to improve video streaming

  

  Bloomberg Roku Inc is working on a new device to address a common problem with streaming TV set-top-boxes: video quality. The company is developing a Wi-Fi extender called Roku Relay and is testing it internally, according to people familiar with the matter. The device increases the range of a Wi-Fi router, spreading internet signals further through homes so online video ...

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• 27 July

  Toyota invests $600m in China’s Didi

  

  Bloomberg Toyota Motor Corp will inject $600 million into Didi Chuxing and help the Chinese company set up a car fleet management venture, bankrolling the loss-making ride-hailing giant’s expansion. The Japanese auto-maker will work with Didi to provide services including rental and car maintenance. Toyota will use its connected-car technology and intelligent analysis to help bolster Didi’s business, the partners ...

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• 27 July

  Snapchat user growth accelerates after android fix

  

  Bloomberg Snapchat’s growth accelerated after the social-media company rolled out an improved version of its Android mobile application and introduced fun ways for people to manipulate their images and videos. Snap Inc, whose Snapchat app lets people send each other disappearing photos and videos, said an average of 203 million users logged in daily in the second quarter, well ahead ...

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• 24 July

  UAE, Indonesia firms sign raft of deals

  

  BOGOR / WAM Corporate giants of the UAE that include Abu Dhabi National Oil Company (Adnoc), Mubadala, and global trade enabler DP World have signed slew of agreements with Indonesian companies, on Wednesday. The signing of the pacts took place on the sidelines of the state visit by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi ...

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• 24 July

  World’s largest AI startup to open Abu Dhabi hub

  Bloomberg SenseTime Group Ltd., one of the world’s most valuable artificial-intelligence startups, is setting up a hub in Abu Dhabi for Europe, Middle East and Africa with plans to hire hundreds of engineers. The Chinese facial recognition firm, which counts Alibaba Group Holding Ltd. as an investor, will start work on the research and development center this year and build ...

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• 24 July

  Oil rallies as US stockpiles plunge

  

  Bloomberg Oil’s rally picked up steam as US crude stockpiles shrank and domestic output plunged the most in more than a year, adding to supply concerns as tensions escalate in the Middle East. Futures jumped as much as 1.5% after the Energy Information Administration said domestic oil inventories slipped for a sixth straight week, the longest contraction since January 2018. ...

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