Vietnam to sign trade deals with the U.S. ranging from $15-$17 billion
The move is aimed at appeasing concerns related to widening trade deficits between the two countries.
After Costly IT Collapse, British Airways Vows ‘Never Again’
Following a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster, British Airways (BA) said it would take steps to ensure there was no repeat of such incidents. After a power supply problem disrupted its operations worldwide and also hit its call centers and website, BA…
With Maiden Jet Flight, Russia Squares Up To Boeing, Airbus
In its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors, Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday. An MS-21-300 model had successfully completed a 30-minute flight at a height of 1,000 meters and traveling at…
Japan seeks to commercialise drone deliveries and self-driving trucks by 2020 and 2022, respectively
The strategy document is an eye opener for companies who want to invest in Japan. On June 9, Japan aims to finalise policies regarding the drone deliveries in the country from 2020 as well as commercialisation of self-driving trucks by 2022, as per two sources familiar with the matter at hand. The move could inject…
Western Digital likely to join Japanese government consortium for Toshiba’s chip unit
While Western Digital’s earlier stance may have resulted in increased litigation costs whereas its current stance is likely to give it access, in the form of a minority stakeholder, in Toshiba’s chip business. As per two sources familiar with the matter at hand, Western Digital Corp is likely to join a consortium of Japanese government…
As Tech Giants Seek To Build AI Smarts, Acquisitions Accelerate
Noting more than twice the amount of activity in the year-ago quarter, a total of 34 artificial intelligence startups were acquired in the first quarter of this year, as revealed by the research firm CB Insights. Among the companies and firms that have been at the forefront of this activity are those firms that want…
After Missile Row, Hyundai Plots China Branding Reboot
Hyundai Motor will accelerate the launch of a sport-utility vehicle (SUV) and may locally assemble its premium Genesis cars and will open its first Chinese brand store, sources said as the Korean car company has been bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers. In China, many see Hyundai…
Major U.S. tech companies press Congress for increased transparency in internet surveillance programs
A bipartisan group is in the process of drafting legislation which is expected to address some, if not all, of the concerns raised in the said letter. More than two dozen U.S. tech companies in the U.S., including Amazon and Facebook has urged the U.S. Congress to make broad changes to laws that govern internet…
AI academics in big demand
Tech giants are locked in a bidding war for academics who specialize in artificial intelligence. As per a report from Research firm CB Insights, 34 artificial intelligence startups were acquired in the first quarter of 2017, which is double the of the previous year of the same quarter. This insight is likely to be significant,…
After Accounting Crisis, China’s COFCO Overhauls Brazil Business: Reuters
As the Chinese food commodities trader COFCO restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, it is overhauling its operations in Brazil, including a management reshuffle, reported Reuters quoting company documents and sources. Including a $200 million in unauthorized trading losses on its biofuels desk and a $150 million financial hole…
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