May’s India outreach falters over migration rules

  Bloomberg UK Prime Minister Theresa May clashed with her Indian counterpart Narendra Modi over migration rules and failed to arrange a meeting with senior figures at Tata Group in a double blow to her three-day visit to India. Modi called on Britain on Monday to support more Indian students who want to enroll at universities in the U.K, as ...

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Nissan profit falls 16% on stronger Yen

  Bloomberg Nissan Motor Co. reported a 16 percent drop in second-quarter profit and predicted that industry demand in the U.S. and China, its two largest markets, will slow. Net income declined to 146.1 billion yen ($1.4 billion) in the three months through September, as a stronger yen eroded overseas earnings and U.S. discounts increased, the automaker said on Monday. ...

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Indonesian growth slows in third quarter

  AFP Indonesia’s economic growth slowed in the third quarter as government spending and exports fell, official data showed Monday, dimming hopes that Southeast Asia’s top economy will hit its GDP target this year. The economy expanded 5.02 percent year-on-year from July to September, slightly below forecasts and slower than a revised 5.19 percent in the second quarter, according to ...

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China adopts new cybersecurity law

  Bloomberg China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy. The Cyber Security Law was passed by the Standing Committee of the National People’s Congress, China’s top legislature, and will take effect in June, government officials said Monday. Among other things, ...

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DeepMind takes on Starcraft

  Bloomberg Google’s DeepMind AI unit, which earlier this year achieved a breakthrough in computer intelligence by creating software that beat the world’s best human player at the strategy game Go, is turning its attention to the sci-fi video game Starcraft II. The company said it had reached a deal with Blizzard Entertainment Inc., the Irvine, California-based division of Activision ...

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The future of robo-advice is bright, but there’s a catch

  Bloomberg How big a threat are the new batch of robo-advisors to traditional active fund managers?Are they, as Sanford C. Bernstein & Co LLC put it in a new research note, an “innocuous robot like R2-D2 or are they Terminator?” To answer the question, Bernstein analysts opened multiple accounts at two prominent European based robo-advisors, Nutmeg Saving and Investment ...

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BlackBerry-Ford tie-up to develop car software

  AFP BlackBerry Ltd. said it will work directly with Ford Motor Co. to develop automotive software, a move BlackBerry says will help it move into self-driving technology as the company looks beyond the smartphone market. Ford has been using software built by BlackBerry’s QNX unit for its Sync3 in-car infotainment system, but previously bought it through Panasonic Corp., QNX ...

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Will automated cars threaten jobs of professional drivers?

  AP Ronald De Feo has watched robots take factory jobs for years. Now he sees them threatening a new class of worker: People who drive for a living. “I am in Pittsburgh; it’s a test market for Uber’s autonomous vehicle,” says De Feo, CEO of the industrial materials firm Kennametal. “We see all these (automated) Ubers running around the ...

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Second-hand page-turners

  Frankfurt / DPA Joerg Mewes is down at the paper-recycling collection with another 20 banana boxes of old books. As far as Mewes is concerned, these are mass-market titles of the past which are now unsellable and just take up space in his bookshop. It’s best to just get rid of them. For pulp. It’s getting harder and harder ...

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Protein overdose!

  Bloomberg Protein, protein, protein. We can’t seem to get enough. Have a strawberry-banana protein smoothie for breakfast, a cookies ‘n’ cream protein bar for lunch, some chili nacho cheese protein chips for a snack, and a high-protein frozen pizza for dinner. And don’t forget your kids. There are protein products made just for them, too. For many consumers, “protein” ...

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