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SEOUL, South Korea (AFP) — Samsung Electronics said Friday it expects profits to soar by 48.2 percent in the first quarter despite a smartphone recall fiasco and the arrest of its de facto head. The world’s largest memory chip and smartphone maker estimated its operating profit in the January-March period at 9.9 trillion won ($8.8 billion), up 48.2 percent from a year earlier, thanks to strong sales of memory chips and display panels. It marked […]
WASHINGTON, United States (AFP) — Billionaire entrepreneur Jeff Bezos said he is selling $1 billion in stock of his retail giant Amazon each year to finance his rocket company, Blue Origin, which aims to carry tourists to space by 2018. Speaking Wednesday at the 33rd Space Symposium in Colorado Springs, Colorado, Bezos vowed to lower the cost of space travel and start taking customers to space by next year. The entrepreneur did not say how […]
TOKYO, Japan (AFP) — Japan’s economy expanded by a revised 0.3 percent in the last quarter of 2016, government data showed Wednesday, as company investment and a weaker yen propped up growth. The latest GDP figure was marginally higher than an initial estimate of 0.2 percent growth in the October-December period, but lower than market expectations for a 0.4 percent expansion. It marked the fourth straight quarter of expansion in the world’s third-largest economy. For […]
(Reuters) — U.S. company Daqri wants to kick-start a new industrial revolution with its augmented reality smart helmet, saying it will help increase productivity and enable a wide range of functions, even in the most challenging environments. Aside from being a safety hard hat, the Daqri Smart Helmet uses computer vision to recognise and decipher the wearer’s surroundings. It then overlays relevant information in real-time as floating, interactive holograms. These relay data and work instructions […]
SEOUL, South Korea (AFP) — Samsung Electronics said Thursday it had agreed to buy US cloud computing company Joyent — the latest in a series of start-up acquisitions aimed at strengthening the South Korean giant’s software capacity. The purchase of the San Francisco-based firm would provide Samsung with its own cloud platform to support its main mobile business and connect with Samsung household appliances such as TVs, refrigerators and air conditioners, a company statement said. […]
