The job of stringing together heavy, dirty pipes on oil drillship have been made easy by a robot. And this is not the only way robots are being used in the oil industry. The task of connecting hundreds of segments of drill pipe as they’re shoved through miles of ocean water and oil-bearing rock, a…
The path of leaving the European Union just got a little bit more complicated for the U.K. Prime Minister Theresa May. Control of the European Parliament, which must approve any Brexit deal, was lost by the Socialist party, already struggling in France, Italy and the Netherlands. Creating the possibility of division that could encumber May’s…
As Europe’s populist right leaders wrestled with how to deal with the new U.S. president, they predicted Donald Trump’s entry into the White House will herald the end of the old way of doing business in the west. While German Chancellor Angela Merkel was trying to reassure her supporters at a meeting in the country’s…
To cope with a “hard” exit by Britain from the European Union, Global banks have begun signaling how they will put plans into action. Depending on whether the outcome of Brexit was “hard” or “soft”, banks have considered varying degrees of upheaval to their British-based businesses until now. But bankers have already begun giving more…
According to a top Silicon Valley venture capitalist and former Apple executive, Brexit could boost the U.K.’s ability to create the next several-hundred-billion-dollar technology firm. On Tuesday, U.K. Prime Minister Theresa May gave a speech suggesting that any deal reached with European lawmakers will be put to a parliamentary vote and last year, Britain voted…
A top roboticist believes that from becoming a Nobel Prize winner to working in the sex industry, robots will get smart enough to choose their own life path. This has added concerns about the potential of artificial intelligence (AI). Sophia is a life-like robot that has 62 facial expressions and can react to spoken word and…
Patent for a network that manages a very specific aspect of the self-driving experience: How autonomous cars navigate reversible lanes, has been awarded to international online retailer Amazon. Reversible lanes are a potential disaster zone for self-driving cars that haven’t yet been programmed to understand those signals and hence reversible lanes indicate a change in direction of…
Questions about who would step in to run South Korea’s biggest conglomerate in the aftermath are being raised as the long-orchestrated plan to cement Jay Y. Lee’s position atop Samsung Group may put him in jail instead. He could be prompted to relinquish duties at the family business, as prosecutors are seeking Lee’s arrest on allegations…
Pointing to extensive production expansion in the U.S. in recent years, German carmakers pushed back Donald Trump’s threats of import duties on the autos they make in Mexico. By stating that its largest factory is in South Carolina and that cars made at a planned, smaller factory in Mexico will be exported globally, BMW AG,…
Accusing the head of Samsung Group, the country’s biggest conglomerate, of paying multi-million dollar bribes to a friend of President Park Geun-hye, South Korea’s special prosecutors’ office said it will seek a warrant to arrest Jay Y. Lee . As investigators probed a corruption scandal that resulted in parliament impeaching Park last month, the Samsung Group chief was…
