Date
24 January 2018

Industries

  • Following complaints from a consumer group about slowed down older iPhones, South Korean authorities are reported to have launched an investigation into Apple. Photo: Reuters

    S Korea prosecutors look into Apple iPhone slowdown

    Jan 22, 2018 6:26pm
    South Korean prosecutors have launched a probe into Apple to determine whether the company is guilty of planned-obsolescence practices in relation to older iPhone models, according to reports. Following up on a complaint lodged by a...
  • Thomas Lee Kwok-keung, general manager of the Hong Kong Productivity Council, says Industry 4.0 will allow human workers to take on more innovative tasks. Photo: Bloomberg/HKEJ

    Industry 4.0: HKPC urges manufacturers to embrace new technology

    - Jan 22, 2018 3:10pm
    In order to meet rising demand for customized smart products and services, Hong Kong manufacturers should migrate to “Industry 4.0″. What exactly is Industry 4.0? Thomas Lee Kwok-keung, general manager of the Hong Kong Productivity Council,...
  • Facebook wants to ensure that people get the skills they need to fully participate in the digital economy, says the firm’s COO Sheryl Sandberg. Photo: Bloomberg

    Facebook to open digital training centers in Europe

    Jan 22, 2018 9:15am
    Facebook announced plans to open three new centers in Europe to train people in digital skills, saying it aims to coach one million people in the region over the next two years. The social media giant...
  • Shoppers enter the Amazon Go store at the company's office building in Seattle, Washington. Photo: Reuters

    Amazon opens automated grocery store in Seattle

    Jan 22, 2018 9:03am
    Amazon.com Inc. will open its checkout-free grocery store to the public on Monday after more than a year of testing, moving forward on an experiment that could dramatically alter brick-and-mortar retail, Reuters reports. The Seattle store,...
  • Facebook CEO Mark Zuckerberg expects recently announced changes to shrink the amount of news on the social network by 20 percent, to about 4 percent of all content from 5 percent currently. Photo: Bloomberg

    Zuckerberg unveils plan to fight sensationalism, misinformation

    Jan 22, 2018 7:50am
    Facebook Inc. will prioritize “trustworthy” news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, says chief executive Mark Zuckerberg. The company, which has more than...
  • Snap laid off about two dozen employees, half of whom were responsible for producing content. Photo: Reuters

    Snap sheds two dozen employees as user numbers fall: report

    Jan 19, 2018 6:38pm
    Snap Inc., the Los Angeles-based developer of the image messaging and mobile app Snapchat, laid off about two dozen of its workers in New York and London, CNBC reports, citing video news network Cheddar. Half of those...
  • Beijing-based real estate agency Lianjia is now believed to be operating a portfolio of 500,000 rental apartments spread across nine Chinese cities. Photo: ebrun.com

    Why China property agency Lianjia moved into rental business

    - Jan 19, 2018 4:35pm
    The hottest investment theme in China this year so far is rental apartments, after President Xi Jinping said earlier that “houses are for living in, not for speculation”. Xi’s remarks have promoted the property sector and...
  • Alphabet Inc.’s Google has agreed to a patent licensing deal with Tencent Holdings, the most popular messaging app in China. Photo: Reuters

    Google signs patent licensing agreement with Tencent

    Jan 19, 2018 4:10pm
    Alphabet Inc.’s Google has agreed to a patent licensing deal with Tencent Holdings Ltd., covering a broad range of products and technologies, Reuters reports. Under the cross-licensing agreement, two of the world’s largest corporations are open...
  • Since China wants to keep the renminbi competitive,  it has to intervene in the foreign exchange markets, which will mean buying US dollar-denominated assets. Photo: AFP

    A Treasury storm in a Chinese teacup

    - Jan 19, 2018 9:42am
    There have been three main stories over the New Year that have affected Chinese equities: suggestions that China no longer favored US Treasuries, the selloff in Chinese government bonds and the improvement in export trends. Firstly,...
  • Toronto is among the 20 cities that Amazon has shortlisted as the location for the e-commerce giant's planned second headquarters. Photo: Reuters

    Amazon shortlists 20 cities for ‘HQ2′

    Jan 19, 2018 9:18am
    E-commerce giant Amazon on Thursday unveiled a shortlist of 20 locations for its planned second headquarters, with the Canadian city of Toronto figuring on the list. The finalists, chosen from among 238 places that applied in...
  • Qualcomm is set to become the leading supplier to the fast-growing automotive chip market following its takeover of NXP Semiconductors. Photo: Reuters

    EU antitrust regulators clear Qualcomm purchase of NXP

    Jan 19, 2018 9:02am
    EU antitrust regulators have approved US chipmaker Qualcomm’s planned US$38 billion acquisition of NXP Semiconductors subject to a series of commitments Qualcomm has made. Qualcomm said the European Union clearance, along with approval earlier on Thursday...
  • Bitcoin, the world’s biggest and best-known cryptocurrency, has fallen to half its record peak of almost US$20,000 in recent days on fears that regulators could seek to curb speculation. Photo: Reuters

    France, Germany to make joint bitcoin regulation proposal at G20

    Jan 19, 2018 8:51am
    France and Germany will make joint proposals to regulate the bitcoin cryptocurrency at the next summit of the G20 group of major economies in Argentina in March, French Finance Minister Bruno Le Maire said. “We will have...
  • HSBC says a new US government fine in relation to a currency rigging probe reflects a 15 percent reduction that took into account the bank’s cooperation and 'extensive remediation' efforts. Photo: Bloomberg

    HSBC in US$101.5 mln deal to settle US currency rigging probe

    Jan 19, 2018 8:50am
    HSBC Holdings has agreed to pay US$101.5 million to settle a US Justice Department criminal probe into the rigging of currency transactions. The payment includes a US$63.1 million fine and US$38.4 million in restitution to a...
  • The proposal to use laser to eradicate space debris has raised suspicions that it could also have a military purpose. Photo: Xinhua

    China’s laser solution to destroy space junk sparks suspicions

    Jan 18, 2018 6:24pm
    Aerospace technology has become an integral part of global telecommunications, and many companies and countries are competing for a slice of the market. The downside of this development is the growing amount of litter circling our planet....
  • Ant Financial, an online financial services affiliate of Jack Ma's Alibaba Group, has taken a 20 percent stake in OpenRice, Hong Kong's most popular online restaurant database and review service. Photo: Bloomberg/OpenRice

    Ant Financial buys stake in HK restaurant database OpenRice

    Jan 18, 2018 12:54pm
    Ant Financial, an affiliate of Jack Ma’s Alibaba Group, has announced a strategic partnership with OpenRice, Hong Kong’s most popular online restaurant database and review service. With the partnership, Ant Financial will become a minority shareholder...
  • Google is pushing its smart speakers aggressively, challenging the dominance of Amazon in that fast-growing segment. Photo: Reuters

    Rivalry in smart speaker market heating up

    - Jan 18, 2018 12:23pm
    The “Hey Google” slogan could be seen everywhere during the 2018 Consumer Electronics Show in Las Vegas last week, as the internet giant tried to make a big statement about its Google Assistant smart speaker. Back...
  • Ant Financial, the operator of mobile payment platform Alipay, has taken a 20 percent stake in Hong Kong-based food and restaurant review website OpenRice. Photo: Bloomberg/OpenRice

    What Alibaba should keep in mind when doing business in HK

    - Jan 18, 2018 12:10pm
    Alibaba Group’s digital payments unit Ant Financial has been aggressively expanding its business outside mainland China. It recently suffered a setback in the United States, where regulators shot down its US$1.2 billion bid to acquire MoneyGram...
  • Following criticism from British lawmakers, Facebook has agreed to widen an internal probe into alleged Russian propaganda ahead of the 2016 Brexit referendum. Photo: Reuters

    Facebook widens probe into alleged Russian meddling in Brexit

    Jan 18, 2018 9:55am
    Facebook has agreed to conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain’s 2016 referendum on EU membership. The social media giant’s UK...
  • Broadcom said the investigation has no impact on its proposal to acquire Qualcomm. Photo: Bloomberg

pursues a hostile takeover of Qualcomm in a US$103 billion deal.

    US regulator investigating Broadcom for antitrust practices

    Jan 18, 2018 9:43am
    The Federal Trade Commission is investigating whether chipmaker Broadcom Ltd. engaged in anticompetitive tactics in negotiations with customers, the company said. The US regulator has stepped up its investigation of the company with subpoenas that seek...
  • Apple CEO Tim Cook has stressed the tech giant's enormous contributions to the US economy. Photo: Bloomberg

    Apple to pay US$38 bln in foreign cash taxes, create 20,000 jobs

    Jan 18, 2018 9:18am
    Apple Inc. plans to make a one-time tax payment of US$38 billion on profits overseas and boost spending in the United States, the Wall Street Journal reports, amid criticism that it is outsourcing manufacturing and stashing cash...

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