Bloomberg When US auto sales numbers arrive on Tuesday, Nissan Motor Co. is expected to look pretty good — or at least less bad than its competition. The Japanese automaker’s sales slipped just 1.5 percent in October, compared with drops of 6.9 percent for General Motors and 11 percent for Ford, analysts estimate. Behind Nissan’s result, though, is a ...
Read More »Region rises as Saudi gains for ninth day on easing liquidity
Reuters Major stock markets in the Middle East rose slightly on Monday, outperforming sluggish bourses in Asia and Europe, as Saudi banks continued rebounding on the back of October’s huge international bond issue by their government. The bond issue has allowed the government to suspend, at least temporarily, domestic bond sales and, in conjunction with other steps, this has ...
Read More »US political uncertainty weighs on global stocks
LONDON / AP The revelation that the FBI has opened a new investigation into U.S. presidential candidate Hillary Clinton’s private email server weighed on global stock markets on Monday, a little more than a week from election day. Investors around the world also have a raft of potentially market-moving data and events to monitor this week, culminating with Friday’s U.S. ...
Read More »YouTube plays crucial role in Google’s success
SAN FRANCISCO / AP YouTube has emerged as a break-out star in Google’s cast of services as the online video site upstages cable television for a younger generation of viewers looking for amusement, news and music on their smartphones. The trend is contributing to an advertising shift away from traditional network television programming to the more eclectic and diversified ...
Read More »Honda chooses Tokyo over Silicon Valley for AI research center
Bloomberg Honda Motor Co. will spearhead its artificial intelligence efforts out of a new lab in Tokyo so that researchers can work closely with its engineers to commercialize the technology. Honda, based in Tokyo, will start the R&D center next year and combine existing AI teams in Silicon Valley, Europe and Japan at the downtown location, according to Yoshiyuki ...
Read More »Microsoft sees the future in 3D at latest Windows event
Relaxnews Microsoft made several announcements concerning its intention to bring 3D technologies to everyone at its latest Windows 10 event. The firm aims to bring affordable tools to the public at large, with a range of headsets and upcoming developments for Windows. The first step in Microsoft’s vision to bring 3D to everyone is to provide easy-to-use tools for ...
Read More »IBM partners with Slack Technologies to build smarter chatbots
Bloomberg IBM is teaming up with Slack Technologies Inc. to make it easier for companies to build custom chatbots into the startup’s workplace-messaging systems, the latest move by Big Blue to add more diverse business cases for its Watson artificial-intelligence technology. The two companies will release a developer toolkit that includes Watson technologies and can integrate easily into Slack, ...
Read More »The ‘millennial’ coffee craze
Bloomberg Millennials’ seemingly unquenchable thirst for coffee is helping to push global demand to a record just as supplies are tightening. Americans are becoming java junkies at an earlier age, and young adults are increasing their daily consumption at a fast enough pace to make up for declines by older folks. The result: Demand in the US, the world’s ...
Read More »Fine tie makers struggle in a jeans & trainers world
Krefeld / DPA A visit to the Ascot tie and cravat factory in Krefeld, Germany is like stepping back in time, the very building giving the impression of a sobriety alien to today’s start- ups. Silence and concentration reigns among the workers on the factory floor, where only the rattle of the sewing and knitting machines — some of ...
Read More »UAE-US meet stresses over energy security cooperation
WASHINGTON / WAM The United Arab Emirates and the United States of America and on Sunday reaffirmed their shared commitment to a strong bilateral relationship during the US-UAE Strategic Energy Dialogue held at the US Department of Energy in Washington. US Deputy Secretary of Energy Dr Elizabeth Sherwood-Randall and UAE Under-Secretary of Energy, Dr Matar Al Neyadi, co-chaired the ...
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