Date
18 July 2019

BUSINESS

  • Netflix said on Wednesday that it lost US streaming customers for the first time in eight years and that it missed targets for new subscribers overseas, Reuters reports. Announcing its quarterly results, the firm revealed that...
  • Group of Seven finance chiefs cast a cloud over prospects for Facebook’s Libra digital coin, insisting tough regulatory problems would have to be worked out first, Reuters reports. The massive social media company’s plan to launch...
  • Qualcomm could be hit with a second EU antitrust fine as soon as Thursday for blocking a rival from the market more than a decade ago, Reuters reports, citing people familiar with the matter. The chipmaker...
  • Amazon’s use of merchants’ data triggered an EU antitrust investigation on Wednesday, as regulatory concerns mount on how tech giants exploit customer information to reinforce their market power, Reuters reports. The European Commission has been seeking...
  • Despite the potentially debilitating impact of the US embargo on its operations, Huawei Technologies has continued to develop new products as part of efforts to maintain its growth momentum globally. The Chinese telecoms equipment maker has...
  • There is a good reason why every civilized country in the world tightly regulates its financial system. The 2008 global financial crisis, after all, was largely the result of rolling back financial regulation. Crooks, criminals, and...
  • Budweiser APAC scrapped its plan to raise up to HK$76 billion in a Hong Kong listing, a deal that could have marked the world’s biggest IPO this year. Last month, Hutchison Chi-Med, a biopharmaceutical company backed by...
  • Facebook’s track record should stand in the way of it launching a digital currency, US lawmakers said on Tuesday, labeling the firm’s plan for the Libra crypto unit “delusional” and “crazy”. “Facebook has demonstrated through scandal...
  • US President Donald Trump said his administration would investigate whether Alphabet Inc.’s Google supports the Chinese government, accusations that a company official refuted hours later at a Senate hearing, Reuters reports. The president repeated accusations made...
  • Tesla Inc. has dropped the standard-range variants of its Model X and Model S from its product lineup and adjusted prices across its range, Reuters reports. To simplify its offerings, the automaker limited variants of its...

WORLD

  • Artificial intelligence (AI) is set to boost business efficiency and bring the world into a new era of customization. However, the downside for society is that more jobs will be lost to automation, a development that...
  • Joaquin “El Chapo” Guzman, the Mexican drug lord who twice escaped maximum-security prisons in his country, will spend the rest of his life in a US penitentiary, a federal judge said after accusing him of “overwhelming...
  • Group of Seven finance chiefs cast a cloud over prospects for Facebook’s Libra digital coin, insisting tough regulatory problems would have to be worked out first, Reuters reports. The massive social media company’s plan to launch...
  • The United States announced on Wednesday that it is removing Turkey from the F-35 fighter jet program, a move that came after Ankara began accepting delivery of an advanced Russian missile defense system last week, Reuters...
  • On Monday the opposition Kuomintang (KMT) announced the results of its presidential primaries, with Kaohsiung Mayor Han Kuo-yu enjoying a more than 17-point lead over his major rival Terry Gou Tai-ming, founder of Foxconn Group. After...

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