With the intention of serving as a hub for scouting startup investments and acquisitions in Europe, Samsung Electronics Co.is opening up an office in Berlin. As a part of a push to invest in and acquire fledgling companies in areas such as connected appliances, AI and augmented reality, Samsung is scouting office space for next…
In response to growing stress in the market, as well as a bank-wide push for more centralized risk controls, Wells Fargo & Co is scaling back and remolding its auto lending business. According to a May 11 company presentation, over the nine months leading into March 31, quarterly originations by nearly 30 percent have already…
Sitting in for the president when he stepped away for one-on-one meetings with world leaders, Donald Trump’s daughter, Ivanka, took his seat at a Group of 20 meeting table in Hamburg. Seated between Chinese President Xi Jinping and British Prime Minister Theresa May, is Ivanka Trump sitting at her father’s place, shows a photo on…
Some bankers and potential investors are pressing the Toshiba Corp’s board to seriously consider alternatives, people with direct knowledge of the sale process said – including picking a new buyer as the $18 billion sale of Toshiba Corp’s memory chip unit to a government-approved consortium falters. Toshiba prefers selling the world’s second-largest memory chip maker…
The European planemaker Airbus was handed a new headache over what to do with jets worth $1.2 billion at list prices as it tries to close a sales gap with rival Boeing after Qatar Airways has axed orders for four A350s because of delivery delays, Airbus said. The decision means that it could cost Airbus $60-80…
From cybersecurity to drones and from navigation to imaging, products that have made the jump from military application to civilian markets, both software and hardware, are brimming up in Israel’s high-tech industry. And the more impact the technology is likely to have, when its military reputation is bigger. The air defense system Iron Dome that…
In an effort to reduce car ownership and curb growing traffic congestion in major cities, India is examining the use of private vehicles as shared taxis, reported Reuters citing sources familiar with the matter. In order to assess the economic and environmental impact of using private cars as taxis, commercial partnerships with companies including ride-sharing…
An agreement for cross-licensing of patents between Finland’s Nokia and Chinese smartphone maker Xiaomi will allow both the companies to make use of each other’s patents for the purpose of development of new products as announced by the companies on Wednesday. The licenses for the so-called standard essential patents — patents which are essential to allow products…
According to a wide-ranging report that tackles the future of machines in relationships, sex robots could actually “reinforce illicit sexual practices” and will be unlikely to prevent sex crimes like rape and pedophilia. The impact these machines could have on society were highlighted in the paper, called “Our Sexual Future With Robots” by the non-profit…
With the ultimate aim to introduce one of Europe’s “fastest growing” trading products into Asia — something called “daily leverage certificates,” the French bank Societe Generale said on Monday that it has teamed with the Singapore Exchange for this purpose. By betting on the daily rise and fall of the underlying asset, investors are allowed to multiply their…
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