A refresher course in good behavior is being provided by traders in the $5.1-trillion-a-day currency market. How the document’s 55 principles will affect their jobs on a daily basis were weighed by market participants was highlighted in the publication of the FX Global Code last week. The 55 principles were crafted by industry leaders and central bankers…
It was a human element and not an equipment failure, as earlier thought. On Friday, the Times has reported that last week’s chaotic scene at British Airways was caused by a contractor who inadvertently switched-off the power supply at one of its data centre. The innocent mistake knocked out its computer systems and left 75,000…
Although the music streaming company is keeping its cards close to its chest, a source however has disclosed its upcoming plans. Although Spotify disclosed on Friday that it has no immediate plans for an IPO, as per a source familiar with the matter at hand, the music streaming service is likely to come out with…
In the future, human truck drivers are likely to be restricted to local deliveries and pickups. On Thursday, Alphabet’s autonomous car driving division, Waymo, disclosed that the company is working on developing self-driving trucks. The company is looking for expand into self-driving trucks after it made significant headway in developing self-driving cars. It expects self-driving…
There is a strategic shift taking place in electronic components manufactured by tech companies. Computex Taipei, Taiwan’s top tech fair, is seeing a different energy this year. While traditionally the focus had mostly catered to electronic parts for smartphones, this year, chip manufacturers have latched onto burgeoning growth engines such as virtual reality, self-driving car…
The prospect of political turmoil just as formal Brexit talks begin has been raised following a projection by polling company YouGov which says that the U.K. Prime Minister Theresa May could lose control of parliament in Britain’s June 8 election. Though other models show May winning a big majority of as much as 142 seats and a…
A top start-up CEO described as “alarmist” and distract from the good being done by the technology, all the talk of mass job losses and the need to give humans a computer layer in their brain as a result of artificial intelligence (AI). In an interview with a TV news channel, the CEO said that…
Automakers have high overheads in maintaining codebases for two different platforms. With AGL both platforms can potentially be aligned resulting in reduced costs and development time. On Wednesday, Toyota Motor Corp disclosed, the infotainment system in its revamped Camry sedan, to be sold in the U.S. will be based running Linux. Toyota aims to tap…
Through Waze and Waymo, Alphabet’s strategy of positioning itself as a key player in the transportation industry becomes clear. In what is seen as the largest ever rollout of Alphabet-owned Waze, starting from next week, the navigation app will expand its carpool service throughout California, including the key car hub of Los Angeles. The ride…
While Beijing wants to benefit from European technology in biopharmaceuticals, robotics and upgrade its industry it routinely uses its national security concerns and cyber security regulations to erect trade barriers. Ahead of the EU-China Investment Treaty, a top European business lobby in China has urged Beijing to “walk the talk” on free trade and globalization.…
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