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by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — A billion-dollar trial pitting Alphabet-owned autonomous driving unit Waymo against Uber starts Monday, in what could be a blockbuster case between two technology giants over the alleged theft of trade secrets. The San Francisco courtroom battle will take place as Waymo and Uber race to perfect self-driving cars that people could summon for rides as desired in a turn away from car ownership. The […]
SAN FRANCISCO, United States (AFP) — Amazon has received patents for electronic systems that could enable warehouse monitoring through electronic pulses that guide employees by location. The patent filings, first reported this week by the news site Geekwire, come amid concerns over workplace conditions for the company, which has seen rapid growth in its warehouses or “fulfillment centers” key to its logistics. The publicly available patent documents show how wrist-worn devices could deliver ultrasonic pulses […]
WASHINGTON, United States (AFP) – Apple overtook Samsung in the fourth quarter as the largest smartphone producer in a declining global market for handsets, research firm IDC said Friday. A survey by IDC showed Apple — which reported its quarterly data Thursday — led all vendors with 77.3 million iPhones sold, giving it a 19.2 percent market share. Even though Apple’s fourth-quarter unit sales were down 1.3 percent from a year earlier, it was able to move ahead of […]
The Department of Finance (DOF) is now fine-tuning certain aspects of Package 2 Plus of the Duterte administration’s Comprehensive Tax Reform Program (CTRP), including adjustments covering excise taxes on tobacco products, to make sure that the proposal it submits to Congress is “solid, well-consulted and well-researched.” Finance Undersecretary Karl Kendrick Chua said some aspects of Package 2 Plus on the removal of the value-added tax (VAT) exemptions for coal and casino operations have already […]
by Tom Barfield Agence France-Presse FRANKFURT AM MAIN, Germany (AFP) – Shares in Germany’s biggest lender Deutsche Bank plunged on Friday after it said that President Donald Trump’s tax reforms in the US pushed it into the red in 2017. Deutsche Bank shares fell more than five percent to around 14 euros ($17.5) at the start of trade on Friday, pulling the overall market down by around 0.5 percent. Earlier, the Frankfurt-based bank had said that its […]
TOKYO, Japan (AFP) — Sony chief executive Kazuo Hirai, who led a major and successful overhaul at the Japanese electronics giant, will step down at the end of March, the firm said Friday. Hirai will become Sony chairman, filling a post that has been empty since June 2012, and will be replaced by the company’s current chief financial officer Kenichiro Yoshida on April 1. “As the company approaches a crucial juncture, when we will embark […]
by Hiroshi Hiyama and Sara Hussein Agence France Presse TOKYO, Japan (AFP) — A hacking theft that netted $530 million, a ban on Facebook advertising, regulation even in Russia and more wild price swings: despite another stomach-churning week for cryptocurrencies, analysts say they are here to stay. While headline-grabbing hacks like that suffered by Japan’s Coincheck are likely to attract the attention of regulators, experts say the “Teflon” crypto boom is now part of the […]
SAN FRANCISCO, United States (AFP) — Apple on Thursday reported a $20 billion profit in a record-setting quarter and said sales of its newest iPhone X smartphone were better than expected. Revenue in the final three months of last year increased 13 percent to $88.3 billion, according to the California-based technology giant. “We’re thrilled to report the biggest quarter in Apple’s history, with broad-based growth that included the highest revenue ever from a new iPhone […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Thursday, supported by modest gains on Wall Street with investor focus shifting to a number of upcoming corporate earnings announcements. The benchmark Nikkei 225 index, which fell for the sixth straight day on Wednesday, gained 0.70 percent, or 162.57 points, to 23,260.86 in early trade, while the broader Topix index was up 0.59 percent, or 10.88 points, at 1,847.59. The dollar fetched 109.19 yen in Asian […]
by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — With Apple set to report quarterly results Thursday investors and others are cautiously watching to see whether its newest iPhone will help fuel momentum for the world’s most valuable company. Despite Apple’s spectacular trajectory in the decade since the introduction of the iPhone, the California technology titan is facing challenges on whether it can continue growth. Apple’s image meanwhile has been bruised by revelations […]
TOKYO, Japan (AFP) — Japanese technology firm Fujifilm on Wednesday announced 10,000 job cuts by March 2020 at its Fuji Xerox subsidiary, which it said was facing an “increasingly severe” market environment. In a major shake-up, Fujifilm also announced it would be combining Fuji Xerox with US giant Xerox, bringing both companies under its umbrella to create what it said was the world’s largest “document solutions company” by revenue. As part of a cost-cutting package […]
FRANKFURT AM MAIN, Germany (AFP) — German engineering giant Siemens said Wednesday that profits jumped in the first quarter, driven by rising demand for its products in areas ranging from renewable energy and trains to industrial robots. Siemens, which runs its business year from October to September, said in a statement net profit jumped by 12 percent to 2.2 billion euros ($2.7 billion) in the three months to December. Underlying or operating profit was also […]
