Markets

by | June 13, 2019 | 16:42

The test can get underway because the Federal Aviation Administration (FAA) selected the city of San Diego to participate in a commercial drone test program in 2018, and San Diego has made a decision to partner with Uber . The publication adds that, in addition to testing deliveries of McDonald's burgers and fries, Uber has been testing drone delivery of the restaurant chain's ice cream.

by | June 13, 2019 | 16:13

All we know is what the company is telling us and that is Facebook will be using the data collected to better its services and products. The program is managed by a third party - Facebook's long-time partner Applause . In addition to Facebook Research , Apple removed Facebook research app Onavo VPN from the app store in June 2018. The company says that participants will be compensated for using Study, but it doesn't specify in what way or how much.

by | June 13, 2019 | 13:15

However, the USA's ban on United States firms doing business with Huawei has left the Chinese tech firm reeling, and China seething. Foxconn could make iPhones outside of China if required, a senior executive told investors Tuesday. However so far, Liu said, Apple has not given any instructions to Foxconn to move production out of China. The wage increase applied only to the company's employees in Taiwan, totaling 6,000 according to local media, and was carried out based on employee ...

by | June 13, 2019 | 06:40

With an investment of over 50 billion yuan (US$7 billion), Tesla's factory is the largest foreign investment project in Shanghai's manufacturing sector, the report said. Quite the opposite, says Musk, who at the end of May appealed to staff via email to do their bit to ramp up production to turn the company around from its previous quarter.

by | June 13, 2019 | 05:27

U.S. -China trade tension is a key concern. The organization will be "unyielding" in its efforts to reduce oil inventories back to normal levels and revive investment in the industry, taking an approach that is "agile" and "flexible", Barkindo said in remarks delivered via video link at a conference hosted by RBC Capital Markets in NY.

by | June 13, 2019 | 05:16

The agreement has been announced soon after Fiat Chrysler broke off talks with Renault for a possible collaboration. Aurora will integrate its self-driving system, the Aurora Driver, into FCA's commercial vehicle lines in the United States.

by | June 13, 2019 | 02:29

Getting a CBD-infused topical will now be as simple as a trip to the grocery store. Kroger announced it will begin selling CBD lotions, balms, oils, and creams this week. CBD is derived from the hemp plant, but does not contain high enough concentrations of THC, the psychoactive compound in marijuana which allows people to get high.

by | June 12, 2019 | 22:01

On May 27, FCA stunned the auto world with a proposed "merger of equals" with Renault that would - together with Renault's Japanese partners Nissan and Mitsubishi Motors - create a vehicle giant spanning the globe. As one source told Reuters , the French carmaker's significant stake in Nissan is "an intrinsic part of the value of Renault ". But such a move would raise concerns about a possible conflict of interest , as it would give Renault a say in Nissan salaries and ...

by | June 12, 2019 | 21:26

The videos, which Canny and a couple other companies worked with artists to make, are meant to show how technology can be used to manipulate data. "Imagine this for a second: one man with total control of billions of people's stolen data, all their secrets, their lives, their futures", a computer-generated Mark Zuckerberg says in the video.

by | June 12, 2019 | 19:49

The proposed merger of Raytheon and United Technologies Corporation is set to create a new powerhouse in the aerospace and defence sector. Under the terms of the deal, UTC would own around 57 percent of the joint company. United Tech's shares were down about 2 per cent at US$129.40, while Raytheon's stock was up 1.7 per cent at US$189.2 in morning U.S. trade. Raytheon shareholders will receive 2.33 shares in the new company for each Raytheon share.

by | June 12, 2019 | 19:31

The US dollar index was flat on Tuesday as investors focused on the US-China trade war and economic data for signals of growth and whether the US Federal Reserve is likely to cut rates in the coming months. "The market is looking for the Fed to give an indication next week that it's going to cut rates in July", said Bruce Bittles, chief investment strategist at Robert W.

by | June 12, 2019 | 18:31

With this deal, Salesforce's product portfolio will include data visualization tools alongside its core customer relationship management software and the word processing and spreadsheet tools. It is the second big deal involving a data software company to be announced in the past week. "I'm delighted that our companies share very similar cultures and a relentless focus on customer success".

by | June 12, 2019 | 08:00

Uber Air shuttles could soon be a familiar sight in the skies above Melbourne . Uber Chopper subsidised $1,000 one-way helicopter flights from Batman Park to Flemington Racecourse during last year's Melbourne Cup Carnival. The Uber Air service is created to work in tandem with Uber's vehicle service as a "multimodal" option that helps speed passengers to their destinations.

by | June 12, 2019 | 07:58

Last year, the "Pay Your Age" event saw parents flock to stores across the country, where they were promised they could buy a bear for the same amount of the pounds as the kid's age. Patrons can enter a sweepstakes for a chance to win a "Pay Your Age" ticket. Build-A-Bear ended up issuing an apology and giving out vouchers to those who were unable to get into the insanely crowded stores.

by | June 11, 2019 | 13:43

Crude Oil turned bullish since then, although last month was pretty bearish for Crude Oil. Both ministers are due to meet colleagues from the Organization of Petroleum Exporting Countries and allied producers at talks in Vienna in the coming weeks to decide on the future of the deal.

by | June 11, 2019 | 10:25

Mexico has been insistent that it has not agreed to the provision, which would require approval from local lawmakers. It has also pledged to reinforce its southern border with Guatemala with 6,000 members of its National Guard militarized police force.

by | June 11, 2019 | 04:22

Trump and other administration officials, however, say Mexico made major concessions and have credited his threat to slap a 5% tax on all Mexican goods if the country didn't immediately agree to do more to stem the flow of Central American migrants across the USA southern border.

by | June 11, 2019 | 03:26

Both companies have a heavy presence in Alabama, including Raytheon's missile testing and integration facilities on Redstone Arsenal. ■ The new company would have a stock market value of about $100 billion, nearly double Raytheon's current value, after United Technologies completes the previously announced spinoffs of its Otis elevator and Carrier building services divisions.

by | June 10, 2019 | 19:21

Once the merger is complete, United Technologies shareholders will own approximately 57% of the company; Raytheon shareholders will own the rest. He added that the combination "is not about cost takeout or job loss in the US", noting that the company expects to hire about 20,000 people in the next year.

by | June 10, 2019 | 13:36

After days of wrangling over the wording of a communique , finance chiefs from the world's largest economies warned that escalating trade and geopolitical tensions pose the biggest risk to global growth. This group of financial leaders met in Japan over the weekend, ahead of the G20 summit, where these statements were issued as part of a draft communique.