It will release an electric version of the Kona next year. On Tuesday, in efforts aimed at offsetting its falling sale of vehicles in China, Hyundai Motor launched its first subcompact sport utility vehicle (SUV) for advanced markets including the Europe, South Korea, and the United States. The South Korean automaker disclosed it would soon…
It had been months that Varuni T.V., a business professor in India, had her eye on. And Finally, her dream device, a black iPhone 5S, a model Apple Inc. released in 2013, was finally bought by her at the end of May by the 34-year-old. “It doesn’t bother me that it is several generations old,” says Varuni,…
China’s $5 trillion hoard is here to stay for the time being — and could even still expand, where as the European Central Bank’s asset pile should stop growing by the end of this year as the outlook brightens, and the Federal Reserve’s $4.5 trillion asset pile is set to be shrunk. Run up through years…
This appointment is effective from August 1. With General Electric’s Chief Executive, Jeff Immelt, 61, retiring the company has selected John Flannery, who currently heads GE’s healthcare unit, as his replacement. Flannery will become GE’s CEO and chairman from August 1. With the news hitting the market, the company’s shares rose by 3.6% in premarket…
Here is what Tim Cook told MIT graduates regarding AI & robotics. While addressing thousands of students at MIT’s campus in Cambridge, Massachusetts, Tim Cook, Apple’s CEO urged graduates to infuse human elements in the field of robotics and artificial intelligence. “I’m not worried about artificial intelligence giving computers the ability to think like humans,”…
At a Larsen & Toubro Ltd. factory in western India, that makes parts for nuclear power plants, business has been slow. Hoping to profit from government plans to build more reactors in a country where more than 200 million people lack access to electricity, the Mumbai-based construction company opened the plant in 2012. And L&T’s…
In a last-ditch effort to clinch a deal both companies consider vital, Western Digital Corp plans to raise its offer for Toshiba Corp’s prized semiconductor unit to $18 billion or more, reported the media quoting sources familiar with the matter. A consortium led by a Japanese government-backed fund include the U.S. chipmaker. The last day…
According to Deutsche Bank, while shares in export-oriented U.K. companies could see a further rally, in the wake of the shock hung parliament result in the country’s general election, shares of U.K. companies focused on the domestic market could tumble. As soon as it was suggested that incumbent Prime Minister Theresa May and her Conservative…
Led by Cathay Pacific Airways Ltd.’s strongest gain in six years, shares of Chinese carriers surged Thursday. Just a sliver off record highs and rising 24 percent in a year is the Bloomberg World Airlines Index. And under siege for years by their unlisted rivals in the Persian Gulf have been the members of the…
In the process, Milner expects the boom to create internet companies worth at least $4 trillion. On Friday, billionaire investor Yuri Milner, founder of venture capital giant DST Global disclosed that the surge in global online consumer spending is likely to create new internet companies worth almost $4 trillion. Milner, who made the comments…
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