Date
15 October 2018

Industries

  • The technology uses algorithms to examine the fat surrounding coronary arteries as it shows up on CT scans. Photo: Internet

    Tech breakthrough offers early warning system for heart attacks

    Oct 5, 2018 9:10am
    A new method of analyzing images from CT scans can predict which patients are at risk of a heart attack years before it occurs, Reuters reports. The technology, developed by teams at Oxford University and institutions...
  • Cadillac’s Super Cruise did “the best job of balancing high-tech capabilities with ensuring the car is operated safely and the driver is paying attention”, Consumer Reports said. Photo: AFP

    Cadillac edges Tesla in semi-automated driving test

    Oct 5, 2018 8:36am
    General Motors Co.’s Cadillac outscored Tesla Inc. in a new ranking of partially automated driving systems tested by Consumer Reports. The highly influential nonprofit organization, which tests and rates a variety of consumer products from mattresses...
  • Tencent Music Entertainment Group has filed for an initial public offering in the United States that seeks to value the company at about US$25 billion. Photo: Reuters

    Is Tencent Music’s business model sustainable?

    - Oct 5, 2018 8:31am
    Tencent Holdings (00700.HK) is implementing a corporate restructuring plan that aims to turn the internet giant into an enterprise-focused service provider. While doing so, the company is spinning off some of its valuable assets. In its latest...
  • Elon Musk's latest tweet mocking the US regulator came just days after he settled charges that he had misled investors by claiming that he had secured funding to take the company private. Photo: AFP

    Tesla’s Musk mocks SEC as judge demands they justify settlement

    Oct 5, 2018 7:35am
    Tesla Inc.’s Elon Musk mocked the US Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify their securities fraud settlement, which let Musk remain chief executive, Reuters reports....
  • Barnes & Noble has been struggling with declining sales for years as consumers increasingly move online. Photo: Reuters

    Barnes & Noble opts for strategic review after takeover interest

    Oct 4, 2018 9:18am
    Barnes & Noble Inc. said on Wednesday it would explore strategic options after several parties, including founder-chairman Leonard Riggio, showed interest to buy the bookseller, sending its shares up as much as 24 percent in extended...
  • Ebay accused Amazon of contacting eBay sellers through eBay's internal messaging system to ask them to move to Amazon’s platform. Photo: Bloomberg

    Ebay accuses Amazon of poaching sellers from its platform

    Oct 4, 2018 8:31am
    Ebay Inc. accused Amazon.com Inc. of trying to poach sellers for its own platform through Ebay’s internal messaging system, Reuters reports. “We have uncovered an unlawful and troubling scheme on the part of Amazon to solicit...
  • The probation violation cited by the US judge was the same conduct the US Department of Commerce penalized in April by imposing a ban on US companies selling goods to ZTE. Photo: AFP

    US judge says ZTE violated probation, extends monitor’s term

    Oct 4, 2018 8:10am
    A US federal judge issued an order finding that China’s ZTE Corp. (00763.HK, 000063.CN) violated probation imposed in March 2017 when the company pleaded guilty to illegally shipping goods to Iran despite US sanctions, Reuters reports....
  • Honda’s investment boosts the value of Cruise to US$14.6 billion – about a third of GM’s US$48 billion market cap. Photo: Reuters

    Honda to invest US$2.75 billion in GM’s self-driving car unit

    Oct 4, 2018 8:07am
    Honda Motor Co. Ltd. will invest US$2.75 billion and take a 5.7 percent stake in General Motors Co.’s Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world,...
  • The average price at Vanke’s Le Pont development came at HK$11,075 per square foot, lower than the level in the secondary market in the neighborhood. Photo: Le Pont

    What the strong response to Vanke’s Tuen Mun project tells us

    - Oct 4, 2018 8:00am
    Hong Kong homebuyers snapped up the first batch of 347 flats offered by mainland developer Vanke in its first major residential development in Tuen Mun in one day. This despite negative factors like a recent hike in...
  • As a partner of Alibaba Group, Jack Ma can continue to exercise his control over the company even if he has no official title. Photo: Bloomberg

    Will Jack Ma lose control of Alibaba after he steps down?

    - Oct 3, 2018 1:02pm
    There may be some virtue in quitting while you’re ahead, but Jack Ma’s announcement that he will step down as chairman of Alibaba Group in September next year still caught many by surprise, and has triggered...
  • Apart from their inclusion in global indexes and relatively low valuation, A shares offer no particular attraction. Photo: Reuters

    A shares rebound unlikely to last

    - Oct 3, 2018 11:49am
    There are roughly two major types of funds in the stock market. One is controlled by professional investors, namely active funds that make investment decisions after analyzing macro factors and company fundamentals. The other type refers...
  • Brazil needs to open its economy further, abandon socialist populism and attract capital. Photo: Reuters

    Brazil faces significant challenges

    - Oct 3, 2018 11:16am
    Uncontrolled spending and ruinous results: Brazil has been a prime example of the policy of “more is less”. Under Luiz Inácio Lula da Silva and Dilma Rousseff, the country felt invincible and believed that entering into...
  • Hackers had stolen login codes that allowed them to access nearly 50 million Facebook accounts. Photo: Reuters

    Facebook: hackers didn’t use stolen logins on third-party sites

    Oct 3, 2018 8:51am
    Facebook Inc said investigators have determined that hackers did not access other sites that use the social networking site’s single sign-on in a massive cyber attack that the company disclosed last week, Reuters reports. “We analyzed...
  • Tencent Music includes Spotify-like digital streaming apps QQ Music, Kugou and karaoke app WeSing, and is seeking a valuation of about US$25 billion. Photo: Bloomberg

    Tencent online music unit files for US listing

    Oct 3, 2018 8:39am
    Tencent Music Entertainment Group has formally filed with regulators to list in the United States, under the symbol “TME”, in what could be the biggest US initial public offering by a Chinese company, Reuters reports. The...
  • Starbucks has positioned itself to play a major role in upending not just how payments are made but also the business model of established banks. Photo: AFP

    The First Bank of Starbucks

    - Oct 3, 2018 8:31am
    On August 3, Starbucks made an announcement which, though little noticed at the time, amounts to a potentially massive shift in the organization of finance. How did an international chain of coffee shops position itself to...
  • Amazon said the pay increase, effective from next month, will benefit more than 250,000 employees in the US as well as over 100,000 seasonal employees who will be hired this holiday season. Photo: Bloomberg/AFP

    Amazon raises minimum wage to US$15, urges rivals to follow

    Oct 3, 2018 8:05am
    Amazon.com Inc. said will raise its minimum wage to US$15 per hour for US employees from next month, giving in to critics of poor pay and working conditions at the online retailer, Reuters reports. The increase...
  • LINE Corp., the Tokyo-based messaging giant, has unveiled its first cryptocurrency token, LINK, and its blockchain network, LINK Chain, with the aim of creating a strong token economy. Photo: Reuters

    Japan’s LINE to go big on blockchain with crypto ventures

    - Oct 2, 2018 4:01pm
    LINE, a Japan-based mobile messaging app owned by South Korean internet giant Naver, aims to create a blockchain ecosystem for its service offerings. Its blockchain efforts have included the establishment of “LINE Blockchain Lab,” a blockchain...
  • General Electric, Tesla and Pfizer have announced the replacement of their heads. Photo: Reuters/AFP/Bloomberg

    October begins with big executive changes in corporate America

    - Oct 2, 2018 2:25pm
    The first of October is the China’s national day. In the United States, it may as well be executive retirement day for several big companies. Three big corporates announced the replacement of their heads, and their shares subsequently...
  • Tencent has announced a series of corporate restructuring moves, including shifting its focus to cloud computing business. Photo: HKEJ

    Tencent aims to become enterprise-focused service provider

    - Oct 2, 2018 2:18pm
    Tencent Holdings is facing a tough environment this year as its core online games business suffers from regulatory uncertainties. Chinese authorities have frozen approval of new games in a bid to curb youngsters’ addiction to online...
  • China is using an artificially high yuan to buy cheap resources with the endgame being a massive devaluation in a few years' time. Photo: Reuters

    Is China a currency manipulator?

    - Oct 2, 2018 11:55am
    The US administration has avoided the debate on currency manipulation in the past years due to the impact of the financial crisis. Why? Because all major economies have tried to solve their imbalances through the same...

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