Business

Japan stocks rattled by U.S. election concerns

TOKYO, Japan (Reuters) — Japan’s Nikkei share average fell to a two-week low on Wednesday (November 2) as worries over the U.S. presidential election prompted a recoil in global markets, with a stronger yen adding to the cautious mood. The Nikkei fell 1.8 percent to 17,134.68, the lowest closing price since October 19. It was the biggest daily drop since early August.

EU, Canada sign long-delayed trade deal

CANADA (AFP) –Canadian Prime Minister Justin Trudeau and European Union leaders finally sign a landmark trade deal seven years in the making, after it was nearly being torpedoed by a small region of Belgium. https://youtu.be/Kxa1WWKW8ws

Apple ramps up MacBook infused with touch controls

by Glenn CHAPMAN SAN FRANCISCO, United States (AFP) — Apple on Thursday unveiled new MacBook Pro laptops infused with touch control features that people have embraced on smartphones. MacBook Pro models shown off at a special event at Apple’s headquarters in Silicon Valley touted keyboards with “Touch Bar” controls where function keys have traditionally been positioned. Touch Bar adapts to display controls most relevant to whatever application is being used, from email or typing text […]

Twitter to cut 9% of staff, plots new growth strategy

NEW YORK, United States (AFP) – Twitter announced plans Thursday to cut nine percent of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer. “We see a significant opportunity to increase growth as we continue to improve the core service,” chief executive Jack Dorsey said while releasing quarterly results showing more losses. “We have a clear plan, and we’re making the necessary changes to ensure Twitter […]

Samsung scion joins board as profits plunge on Note 7 crisis

SEOUL, South Korea (AFP) — Samsung heir apparent J.Y. Lee took a major step towards control of the family-run conglomerate on Thursday, joining the board as the company reported a 30 percent profit plunge following a highly damaging recall crisis. The move is being seen as a coronation of sorts of the 48-year-old Lee, who is already vice chairman of Samsung Electronics and has seen his influence grow since his father, Samsung patriarch Lee Kun-hee, […]

Bill Gates urges UK to invest in science as Brexit looms

by Ruth HOLMES LONDON, United Kingdom (AFP) — US billionaire philanthropist Bill Gates urged Britain on Wednesday to step up investment in science and research as it prepares to leave the EU. “The world needs innovative leadership now more than ever,” the Microsoft co-founder told the Grand Challenges conference in London attended by more than 1,000 scientists from around the world. “The complexity of our most urgent global problems — extreme poverty, the persistence and […]

Apple spins services with iPhone sales slumping

by Sophie ESTIENNE with Rob Lever in Washington SAN FRANCISCO, United States (AFP) — Apple’s quarterly profit slumped on a widely expected drop in iPhone sales, but gains in services offered some optimism on the company’s efforts to curb dependence on its smartphone. The company said Tuesday that profit fell 19 percent to $9 billion in the fiscal quarter ending September 24. Revenue fell nine percent to $46.9 billion from $51.5 billion a year earlier. […]

AT&T’s DirecTV Now online video service to cost $35 per month

AT&T Inc’s upcoming DirecTV Now online video service will cost $35 per month, including mobile streaming costs, and target viewers who shun pay-television subscriptions, Chief Executive Randall Stephenson said on Tuesday (October 25). The wireless company’s streaming video service, which launches late next month, will have more than 100 channels, Stephenson said at the WSJD Live conference in California. AT&T said on Saturday (October 22) that it would buy Time Warner Inc for $85.4 billion, […]

Samsung’s prestige takes another hit over lawsuit

SEOUL, South Korea (AFP) — A South Korean law firm said Tuesday that it expected thousands more people to join a class action lawsuit seeking compensation from Samsung over its combusting Galaxy Note 7 smartphones. Seoul-based Harvest Law filed the initial suit on Monday on behalf of 527 Note 7 buyers — demanding 500,000 won (US$440) per plaintiff for time and effort lost during a chaotic recall process that turned into a PR nightmare for […]

Japan’s Kyushu Railway skyrockets on Tokyo trading debut

TOKYO, Japan (AFP) — Japan’s Kyushu Railway skyrocketed 20 percent as the former state-owned firm made its Tokyo trading debut on Tuesday, after one of this year’s biggest initial public offerings. Shares in the firm, which raised 416 billion yen ($4.0 billion) this month, fetched 3,120 yen ($30) each, up 20 percent from their IPO price of 2,600 yen. The sale is the world’s third biggest this year after Postal Savings Bank of China’s $7.4 […]