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…
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…
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…
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…
After a long week at work, the perfect way to unwind is a nice, cold beer – perhaps with a bag of nuts or some potato chips, for many. But with people becoming more health conscious and starting to drink less, tut tastes are changing. For example, roughly 10.6 million people or 20.9 percent of…
China’s Lenovo Group Ltd said that the rising component prices could pressure its bottom line this year as supply shortages extend to batteries even as the company, the world’s largest personal computer (PC) maker, reported a return to profit on Thursday. By just missing analyst estimates, profit reached $535 million in the year to March…
More success at enticing global investors the second time around is being experienced by tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses. Failing to rank among Europe’s top dozen countries for investment and lagging western and northern European countries, as well as decades-old tech hub…
Andy Maguire has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account as he faces a challenge while he is tasked with upgrading HSBC Holdings Plc’s digital-banking systems. “I do find it slightly odd,” said the chief operating officer of Europe’s largest bank, referring to…
There is a boom in China in so-called pet wearables, like smart collars, leashes and feeders and electronic device makers such as Hong Kong-listed SUGA and other start-ups are looking to cash-in on this boom. Gaining popularity again among the country’s growing middle class is pet ownership which was once denounced as a decadent and…
A fresh challenge was posed for established PC players in a market that has suffered two years of falling sales volumes by Chinese telecoms giant Huawei which announced on Tuesday that it was planning to start a global expansion into computers. A 15.6-inch screen notebook, a 2-in-1 tablet and notebook hybrid and an ultra slim,…
