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Bloomberg Yandex NV, Russia’s largest internet firm, said its self-driving cars have passed 1 million miles in fully autonomous driving since it started testing the technology in December 2017, joining an elite group in the emerging robotaxi industry. The milestone matters for Yandex’s quest to compete with the likes of Alphabet Inc’s Waymo for a share of the market, which ...

Bloomberg Samsung Electronics Co said it will issue a software update early next week to address a major security vulnerability that’s emerged on the company’s flagship Galaxy smartphones, the latest technological mishap for the world’s largest smartphone maker. Consumers noticed in recent days that Samsung’s in-screen ultrasonic fingerprint scanner — used to unlock the company’s latest Galaxy S10 and Note ...

Bloomberg Adobe Inc is nearing the consumer launch of Photoshop for Apple Inc’s iPads a year after it was officially announced, however the company and early testers have said that the application will lack some key features from the desktop version. The San Jose, California-based company will hold its annual creative software conference, Max, in early November in Los Angeles ...

Bloomberg United Airlines Holdings Inc sees robust US travel demand extending into the winter, offering an economic bright spot amid signs of a slowdown. “I’ve never seen a bigger disconnect between the global headlines in terms of the economy and its potential impact on travel, and then the numbers I see here at United” in terms of future sales, United ...

Bloomberg In a first step towards determining its fate, Barneys New York Inc has selected a consortium led by Authentic Brands Group LLC as its initial bidder, setting a floor for offers due next week for the bankrupt luxury retailer. The $271 million offer from the Authentic Brands group includes a plan to open Barneys shops in Saks Fifth Avenue ...

Bloomberg UK retail sales held up better than expected in September in the face of the intensifying Brexit crisis. The quantity of goods sold rose 0.2% from August when auto fuel is excluded, the Office for National Statistics (ONS) said. Sales including fuel were unchanged. A buoyant labour market has supported consumer spending through the turmoil since the 2016 referendum. ...

Bloomberg The UK competition regulator has started a review into Amazon.com Inc’s bid to buy a slice of fast-growing food delivery startup Deliveroo, adding to the e-tailing giant’s antitrust woes around the globe. The Competition and Markets Authority (CMA) said on its website it’s investigating the purchase of rights and a minority shareholding in Roofoods Ltd, which does business under ...

Bloomberg Two of Europe’s biggest consumer-goods companies signalled a slowdown in China, whose consumers have driven global demand for everything from baby formula food to shampoo. Nestle SA said sales in the country were flat for the first nine months, while Unilever said business there “slowed a little” in the latest period. Nestle shares fell as much as 1.6% in ...

Bloomberg Hangzhou Hikvision Digital Technology Co warned it may lose customers in overseas markets because of its US blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business. Executives at the Chinese camera provider, which reported profit in line with estimates, said however the company was large enough to ...

Bloomberg Reliance Industries Ltd’s quarterly profit rose 18% from a year earlier beating analyst estimates, bolstered by telecommunications, retail and stable refining margin. India’s biggest company by market value posted a consolidated net income of 112.6 billion rupees ($1.58 billion) in the three months through September, against 95.2 billion rupees a year ago, it said in an exchange filing. That ...