Date
12 December 2018

Business

  • Huawei says it has been provided very little information regarding the charges against its CFO Meng Wanzhou, who has been arrested in Canada and is facing extradition to the US. Photo: Reuters

    Huawei US probe includes bank fraud accusations: report

    Dec 7, 2018 8:42am
    Huawei Technologies’ chief financial officer was arrested as part of a US investigation of an alleged scheme to use the global banking system to evade Washington’s sanctions against Iran, Reuters reports, citing people familiar with the...
  • Qualcomm’s new Snapdragon 855 chip will add fuel to the 5G race in the global smartphone industry. Photo: Bloomberg

    What to expect in 2019 flagship smartphones

    - Dec 6, 2018 12:48pm
    Chipmaker Qualcomm has unveiled new mobile phone processor chips as it aims to cater to the needs of leading global smartphone makers which are preparing for the 5G era. The Snapdragon 855 chip, showcased at a...
  • We often make our travel plans just before going to sleep, according to a survey. Photo: Wikimedia Commons

    Do you dream of those faraway places? Most of us do

    - Dec 6, 2018 11:45am
    When planning a trip, you are most likely to browse the internet for tips about flights and accommodations, right? Well, all we can say is take their recommendations with a pinch of salt.  The hotel or...
  • The documents provide new evidence that Facebook has picked favorites and engaged in anti-competitive behavior. Photo: AFP

    Facebook gave data on users’ friends to some firms: documents

    Dec 6, 2018 9:38am
    Facebook allowed some companies, including Netflix and Airbnb, to access users’ lists of friends after it cut off that data for most other apps around 2015, according to documents released on Wednesday by a British lawmaker...
  • Australian government, led by PM Scott Morrison, has defended proposed new data access laws on tech firms, citing the need to counter terror attacks and organized crime. Photo: Reuters

    Australia poised to force tech firms to hand over encrypted data

    Dec 6, 2018 9:26am
    Australia’s parliament is poised on Thursday to pass laws requiring tech firms such as Google, Facebook and Apple to give police access to private encrypted data linked to suspected illegal activities, Reuters reports. The laws, staunchly...
  • Huawei's CFO is said to be facing extradition to the US after being arrested in Canada in a case believed to be related to violation of US export and sanctions laws. Photo: Reuters

    Huawei CFO arrested for suspected breach of US sanctions on Iran

    Dec 6, 2018 9:14am
    Canada has arrested Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States, Reuters reports, citing Canada’s Department of Justice. Meng Wanzhou, who is one of the vice chairs on...
  • Donald Trump said on Wednesday that he believes Chinese leader Xi Jinping had been sincere during their meeting last Saturday in Buenos Aires to hammer out progress over trade. Photo: Reuters

    China ‘confident’ it can reach US trade deal

    Dec 6, 2018 8:56am
    China said on Wednesday that it will press ahead with trade negotiations with the United States and that it is confident of reaching a deal within 90 days as per an agreed timetable. In a statement,...
  • Huawei Technologies is targeting a 25 percent shipment growth to 200 million units next year as the industry prepares for the coming of the 5G mobile technology. Photo: Reuters

    Huawei and Xiaomi upbeat on shipments as 5G era dawns

    - Dec 5, 2018 1:25pm
    Chinese smartphone makers have managed to maintain the industry’s growth momentum this year, although this means grabbing some of the market share of leading players such as Samsung Electronics and Apple in various markets. Chinese players...
  • Tax reduction and stimulation of domestic consumption are some key short-term measures that  China should focus on to revitalize its economy, observers say. Photo: Reuters

    Talks with US critical but China’s own reform the real key

    - Dec 5, 2018 12:36pm
    In the Trump-Xi meeting at the G20 summit in Argentina late last week, the atmosphere was far less intense than what was seen during the APEC summit in Papua New Guinea two weeks ago when Washington...
  • China plans to implement a system that would force local governments to give renewable electricity sources priority access to the power market. Photo: Bloomberg

    China to launch renewable power quota system by year-end

    Dec 5, 2018 9:43am
    China plans to launch a new renewable power quota system before the end of the year, in an effort aimed at making better use of the nation’s renewable energy resources and reduce waste. The new quota...
  • Bank for International Settlements chief Agustín Carstens said the huge amounts of data that big internet companies gather on their customers meant they potentially have advantages over established banks. Photo: Bloomberg

    Internet giants pose existential threat to banks: BIS chief

    Dec 5, 2018 9:35am
    Technology giants such as Amazon and Alipay pose an existential threat to traditional banks, Bank for International Settlements chief Agustín Carstens said. Carstens, who took charge of the central bank umbrella group a year ago, said...
  • Qualcomm said the new mobile phone processor chip called Snapdragon 855 will power Samsung 5G smartphones to be released in the United States in the first half of 2019. Photo: Reuters

    Qualcomm unveils new chip to power 5G smartphones

    Dec 5, 2018 9:20am
    Chip supplier Qualcomm unveiled a new generation of mobile phone processor chips that will power 5G smartphones, Reuters reports. The key feature of the Snapdragon 855 chip, launched at an event in Hawaii, is a so-called...
  • Falling bond yields and doubts about the US-China trade war ceasefire sparked a severe selloff on Wall Street on Tuesday. Photo: Reuters

    US stocks tumble on trade, growth worries

    Dec 5, 2018 8:56am
    US stocks tumbled on Tuesday, with the benchmark Dow index shedding nearly 800 points, as the bond market sent unsettling signs about economic growth and investors worried anew about global trade. A prominent Federal Reserve official’s...
  • US President Donald Trump and Chinese President Xi Jinping agreed to step up talks to resolve the trade conflict. Photo: Reuters

    One Trump-Xi meeting, two versions of the agreements

    - Dec 4, 2018 4:40pm
    The long-awaited meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 summit in Buenos Aires finally came to pass at the weekend, and the foreign ministers of both nations described it...
  • Amazon's cashierless system in its Go stores allows shoppers to buy things via a mobile app, and leave without going through checkouts. Photo: Bloomberg, Reuters

    Amazon tests cashierless technology for bigger stores: report

    - Dec 4, 2018 1:25pm
    Amazon.com Inc is testing its cashierless checkout technology for use in larger stores, the Wall Street Journal reports. The cashierless system, which allows shoppers to buy things via a mobile app, tracks what shoppers pick up...
  • The new KKBox Music Awards app is designed to encourage users to interact with its music library and increase their usage of the app. Photo: KKBOX

    How KKBox uses big data to change music streaming service

    - Dec 4, 2018 12:45pm
    Music streaming has emerged as a lucrative business with big names such as Apple, Amazon and Google offering their own digital music platforms in a bid to establish new revenue streams. In Taiwan, regional digital music platform...
  • The use of biometric authentications such as fingerprint, face or voice recognition will be vital to counter security concerns about digital payments. Photo: Reuters

    A peek into the future of digital payments

    - Dec 4, 2018 11:18am
    Driven by increased smartphone penetration and a rise in digital payments adoption, Asia is widely accepted to be leading in mobile payments globally. A study by Kantar TNS found that over half of connected consumers (53...
  • Investors recently dumped Nvidia shares amid worries that the company's growth story is coming to an end. Photo: Reuters

    Nvidia prospects still solid despite short-term concerns

    - Dec 4, 2018 10:53am
    It’s widely believed that the recent sell-off of chipmaker Nvidia was due to waning demand for cryptocurrencies and the US-China trade war. However, demand related to cryptocurrency mining accounts for less than 1 percent of the...
  • The tower of Tribune Broadcasting affiliate KTLA 5 in Hollywood, California. Including debt, the deal to buy Tribune Media is worth US$6.4 billion. Photo: Reuters

    US broadcaster Nexstar to buy Tribune Media for US$4.1 billion

    Dec 4, 2018 9:20am
    Nexstar Media Group said it has agreed to buy Chicago-based peer Tribune Media Company for about US$4.1 billion in cash, a deal that would make it the largest regional TV station operator in the United States,...
  • A file picture shows a SpaceX Falcon 9 rocket carrying a Qatari communications satellite launching from the Kennedy Space Center in Cape Canaveral, Florida on Nov. 15. Photo: Reuters

    SpaceX launches biggest US ‘rideshare’ mission

    Dec 4, 2018 9:08am
    Elon Musk’s SpaceX launched a Falcon 9 rocket from California on Monday carrying 64 small satellites into low orbit around the Earth, which the company called the largest-ever “rideshare” mission by a US-based rocket, Reuters reports....

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