Bloomberg Philippine Vice President Leni Robredo said citizens were worried Rodrigo Duterte was “selling out†to Beijing and called on the president to take a stronger stand to protect the country’s sovereignty in the disputed South China Sea. Robredo, who is keeping her options open regarding the presidential race in 2022, said in an interview the president had not taken ...
Read More »Thai govt majority under threat as party pulls out
Bloomberg Thailand’s ruling coalition has moved closer to losing its razor-thin majority after one party pulled its support less than a month after the Cabinet was sworn in. The Thai Civilized Party, with one seat in parliament, is leaving the coalition because it’s unsatisfied with government policies, its leader Mongkolkit Suksintharanon said at a briefing in Bangkok. The party will ...
Read More »Bannon floats idea of Michelle Obama run against Trump
Bloomberg Democrats eager to oust President Donald Trump in 2020 could pin their hopes on an eleventh-hour bid by former first lady Michelle Obama rather than the roughly two dozen candidates now in the mix, former White House strategist Steve Bannon suggested. “I don’t see anybody that’s on this stage right now that can take President Trump one-on-one,†Bannon, a ...
Read More »Nissan, BMW in talks to pull South Africa into electric car era
Bloomberg Nissan Motor Co, BMW AG and Volkswagen AG are among carmakers in talks to bring the electric-car revolution to South Africa, as the nation’s auto-factory floors risk being left behind in the global switch to greener vehicles. The industry is preparing a unified stance on electrification to present to the government by the end of the year, Mike Mabasa, ...
Read More »Indian call centre startup Uniphore raises $51mn
Bloomberg An Indian startup that aims to use artificial intelligence (AI) to deliver faster and more personalised customer support for corporate clients is raising $51 million in funding from investors including March Capital Partners and Chiratae Ventures. Uniphore Software Systems Pvt, based in Chennai and Palo Alto, California, plans to use the emerging technology to change the labor-intensive business of ...
Read More »Huawei HarmonyOS ‘may replace’ Android
Bloomberg Huawei Technologies took the wraps off its “HarmonyOS†operating system, offering the first glimpses of in-house software that may someday replace Google’s Android and reduce its reliance on American technology. To begin with, the open-source software will skip smartphones and instead find its way into everything from cars and watches to personal computers by 2020, Richard Yu, chief executive ...
Read More »Temasek unit buys stake in chair maker for ‘gamers’
Bloomberg A unit of state investment company Temasek Holdings Pte has invested in Secretlab, a Singapore-based maker of chairs for players of electronic games, to help drive growth. Heliconia Capital Management Pte’s purchase of a minority stake values the five-year-old company at between $144 million and $216 million, according to a person with knowledge of the matter. “Secretlab is now ...
Read More »HK airport chaos gives huge boost to rivals across border
Bloomberg Disruptions at Hong Kong’s international airport drove big gains in shares of airports just over the mainland border. Shenzhen Airport Co soared by the 10 percent daily limit, while Guangzhou Baiyun International Airport Co rose 4.5 percent to a record high. They also rallied, when protests first brought Hong Kong’s airport to a standstill and flights were cancelled. Cathay ...
Read More »American Air’s union workers must end slowdown, says judge
Bloomberg A federal judge reinforced an order for American Airlines Group Inc mechanics and other airport ramp workers to end an alleged work slowdown the carrier said has had a “devastating effect†on flights during the busy summer travel season. US District Judge John McBryde in Fort Worth, Texas, made permanent an earlier order directing the TWU-IAM Association to stop ...
Read More »China top bank cuts Cathay to strong sell
Bloomberg Cathay Pacific Airways Ltd was cut to a “strong sell†by the investment banking arm of China’s biggest lender, which said the fallout from the anti-Beijing protests in Hong Kong is set to hurt to the airline’s brand. State-run Industrial & Commercial Bank of China Ltd slapped a HK$6 price target on the stock, about a third less than ...
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