Alibaba CEO eyes $4trn offline market by being middleman

  Bloomberg After taking control of China’s online shopping market, Alibaba Group Holding Ltd. wants to bring the business of instant feedback to a brick-and-mortar sector that’s 10 times bigger. The nation’s biggest e-commerce company is building a network that would allow physical stores — and the brands they sell — to monitor transactions as they happen, Chief Executive Officer ...

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Aussie workforce sees dip in full-time jobs

  Bloomberg Australia’s job market is going casual. The nation saw its biggest monthly drop in full-time jobs in five years in September, a report showed Thursday, sending down the local dollar. The 162,800 part-time positions added in the year so far is the biggest gain on record, according to data going back to 1978. The 112,100 full-time jobs cut ...

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Intel wins in battle over $1.17bn EU fine

  Bloomberg Intel Corp.’s fight to overturn a record 1.06 billion-euro ($1.17 billion) European Union antitrust fine received a boost from an adviser to the bloc’s top court in a case that could have ramifications for a growing list of disputes involving U.S. tech giants from Google to Apple Inc. Intel’s appeal should be totally re-examined by a lower court, ...

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EU’s Tusk warns Canada trade deal ‘could be our last’

  Brussels / AFP European Union president Donald Tusk warned the bloc would be incapable of negotiating new trade deals if Belgium failed to approve the accord with Canada by Friday. The deal, known as CETA, “could be our last free trade agreement, if we are not able to convince people that we negotiate to protect their interests,” Tusk said ...

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Verizon adds fewest subscribers in 6 years

  Bloomberg Verizon Communications Inc. suffered its worst quarter of subscriber growth in more than six years amid intensified price competition from smaller rivals, adding pressure on the company’s media and advertising ventures to take up the slack for a rapidly maturing wireless business. The nation’s largest wireless carrier signed up 442,000 total subscribers in the third quarter, falling far ...

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EU sugar producers eye exports when quotas end next year

  Paris / AFP European sugar producers will target export markets in addition to looking for new domestic customers when the EU lifts quotas next year and fully embraces free-market farm policies, officials and analysts say. However, some analysts believe exports will face tough competition in attractive Middle East and North African markets while some producers, especially in Italy, fear ...

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Monsanto talked to 3 firms before Bayer deal

  Bloomberg Monsanto Co. talked to three other companies about potential transactions in the months leading up to its agreement to be acquired by Bayer AG for $65.7 billion, the largest ever agricultural takeover. Details of the talks were revealed in the seed company’s proxy statement filed Wednesday. While talks with Germany’s BASF SE about a possible combination of their ...

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Tesla accelerates towards the self-driving future

  Bloomberg After pushing the auto industry along toward an electric future, Elon Musk wants to put cars on an accelerated path to driving autonomously, equipping each new Tesla Motors Inc. model with the hardware needed for full self-driving capability. Every Tesla, including the upcoming Model 3 sedan, will ship with eight cameras and a dozen sensors to give them ...

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Samsung’s latest PC is pulsing with ideas

  Relaxnews The new Samsung ArtPC Pulse boasts an innovative modular design, doubles as a sound bar and can be programmed to glow different colors when you get an email or social media alert. Samsung calls its latest premium PC a computer that challenges “traditional perceptions of how a desktop PC should look and operate,” and while there is something ...

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Bentley & Naim partner on wireless speaker range

  Relaxnews The new Naim for Bentley Mu-so and Mu-so qb speakers blend premium sound quality with Bentley’s signature design aesthetics. More than simply a sound idea for a brand tie-in, the new Naim for Bentley range of wireless speakers should be seen as bringing a bit of your Bentley’s performance into your home. British hi-fi manufacturer Naim makes the ...

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