South Korean investigators to again summon Samsung heir

  SEOUL / AP South Korean prosecutors investigating the corruption scandal involving impeached President Park Geun-hye said on Sunday that they plan to summon Samsung heir Lee Jae-yong again as they look into bribery allegations between Park and the country’s largest busi- ness group. Lee, the billionaire vice chairman of technology giant Samsung Electronics, will be summoned along with two ...

Read More »

As young move away, traditional craft dies out in Nepal

  THIMI / AP For generations, the residents of the ancient Nepali town of Thimi supplied the rest of the Himalayan country with everything from tiny clay lamps used in temples to massive grain storage jars. Locals still mix clay and throw it on potters’ wheels, then leave pots to dry and harden in the sun. But not for long. ...

Read More »

Toyota, Suzuki to work together in green, safety technology

  TOKYO/ AP Japanese automakers Toyota and Suzuki, which began discussing a partnership in October, said they would work together in ecological and safety technology — a rapidly growing area in the industry. Toyota Motor Corp., the maker of the Camry sedan, Prius hybrid and Lexus luxury models, and Suzuki Motor Corp., which specializes in tiny cars, announced the decision, ...

Read More »

Microsoft can pursue suit over US sneak-and-peek searches

  Bloomberg Microsoft Corp. persuaded a judge not to let the US government out of a lawsuit alleging the company’s free-speech rights are violated by a law that blocks it from alerting users to the clandestine interception of their e-mails. The judge said Microsoft has at least made a plausible argument that federal law muzzles its right to speak about ...

Read More »

New York Times offers free Spotify service to boost subscribers

  Bloomberg New York Times Co., looking for ways to persuade readers to pay for news, is working with Spotify Ltd. to give new digital subscribers to the newspaper free access to the world’s largest music-streaming service. Readers who buy one-year online subscriptions to the Times will also get unlimited access to Spotify’s premium service, which costs $120 annually, the ...

Read More »

‘Trump good for US economy for now’

  AP The head of the International Monetary Fund said on Sunday that US President Donald Trump taking office is likely good for the American economy in the short term, though rising interest rates and a strengthening dollar will challenge global trade. Christine Lagarde said Trump’s plans for additional investment in US infrastructure and his likely tax reforms will boost ...

Read More »

Vacheron Constantin makes its online debut with $45k watches

  Bloomberg Luxury timepiece maker Vacheron Constantin will start selling its new watches online for the first time in its 262-year history as the Richemont-owned brand seeks younger customers. The Geneva-based company designed a limited edition of 36 Cornes de Vache 1955 timepieces with New York-based watch news website Hodinkee — the first such collaboration for the watchmaker, said Vincent ...

Read More »

Wittingly or not, big brands help fund fake news sites

  Bloomberg Wittingly or not, major global corporations are helping fund sites that traffic in fake news by advertising on them. Take, for instance, a story that falsely claimed former President Barack Obama had banned Christmas cards to overseas military personnel. Despite debunking by The Associated Press and other fact-checking outlets, that article lives on at “Fox News The FB ...

Read More »

A peek into diversity of flying cars

  Bloomberg Spurred by technology advances and demand for transportation alternatives in increasingly congested cities, entrepreneurs around the globe are vying to become the first to develop a commercially viable “flying car.” The designs vary greatly, and most aren’t actually cars capable of driving on roads. Here are some examples: VAHANA European aircraft manufacturer Airbus is working at its Silicon ...

Read More »

Microsoft to form group to back Ethereum blockchain

  Bloomberg Microsoft Corp. and other major technology companies and banks are forming an alliance to advance the adoption of Ethereum blockchain database technology in corporations, potentially offering better security for recording transactions, according to two people familiar with the plans. The companies have been working on the Enterprise Ethereum Alliance for months, according to one of the people, and ...

Read More »
Send this to a friend