As the Silicon Valley electric car company bids to be the first among many rivals to get autonomous vehicles on the road, Chief Executive Elon Musk of Tesla Motors said that all new Tesla models will come with hardware to enable them to be fully self-driving. New hardware, which includes eight cameras, 12 updated sensors,…
With Malaysia Airlines’ market share up 9 percentage points in the past 11 weeks, fare cuts aimed at boosting passenger numbers on Kuala Lumpur-London flights are bearing fruit, the carrier’s Chief Executive Officer Peter Bellew said. Bellew, who took over on July 1, said in an interview that 53 percent of traffic between the two…
As the oil-rich Gulf nation of the United Arab Emirates seeks to diversify its revenue base with value-added taxation, the country is setting up a federal tax authority that will be in charge of collecting levies. Positions that include a compliance and enforcement director, auditors, analysts, accountants and administrators are being widely advertised by the…
At special booths set up at America’s busiest airports, Samsung Electronics Co. is letting travelers exchange their Note 7 smartphones. The company is trying to recall millions of Galaxy Note 7 phones, which are prone to catching fire and exploding and this program is part of Samsung’s that worldwide effort. A company representative said in…
As EasyJet looks to find the next big thing in travel technology, the company has made a “multimillion pound” investment into a start-up accelerator and incubator created by the founders of Lastminute.com. Alongside Founders Factory, an accelerator and incubator created by Brent Hoberman and Henry Lane Fox, the five-year deal will see the U.K. airline…
A market crowded with local birds that have clipped prices and profits for Korean growers is faced by global poultry producers hoping to cash in on South Korea’s craze for fried chicken and beer. Fueled by its appearance in a hit South Korean television drama and an explosion of restaurant chains the popularity of the…
As the new era of the Internet of Things opens up more and more options for business to cash in on, tech giants are getting more hungry for artificial intelligence (AI). AI is the aspect that drives the Internet of Things. According to a recet report from analysis firm CB Insights, a large number of…
Sweden’s 300 billion-krona ($34 billion) AP7 fund, can to a large extent stay away from the bond markets unlike many pension investors. Richard Grottheim, it’s manager, is remarkably positive. Grottheim says it will likely all work out fine even as central banks are greasing financial markets with ever more free cash and as political risk…
A bull market for European electricity is being helped to be extended by a drop off in expected supply from German reactors this winter and the lowest French nuclear availability for the time of year since at least 2009. According to broker data compiled by Bloomberg, while the French power for the three months to March…
Providing a sales boost to the U.S. company’s upgraded 737 jetliner with one of the year’s largest commercial airplane deals, Boeing Co. landed an $18.6 billion deal with Qatar Airways for as many as 100 aircraft. Marking its first narrow-body order with Boeing since 1979, the Doha-based carrier pledged to buy as many as 60 of the…
