Saturday, 18 January 2020

Business

Audi’s new feature helps drivers avoid red light

BERLIN: Easing lives for people and helping them avoid traffic frustration and red lights, automaker Audi has decided to introduce a system that automatically suggests speed for the driver. German automobile manufacturer Audi cars were already able to tell a person how long a red light will last, but now ...

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Petrobras transfer-of-rights auction could happen in late 2019

RIO DE JANEIRO: Brazil’s Energy and Mines Minister Bento Albuquerque said on Thursday that a long-awaited auction of the so-called transfer-of-rights area in which oil company Petroleo Brasileiro SA operates could happen in the last quarter of 2019. Albuquerque also hopes to carry out a follow-on share offering for state-controlled ...

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Ford probing possible problems with fuel economy, emissions tests

DETROIT: Ford Motor Co said on Thursday it has hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data provided to regulators or consumers. The issues involving Ford’s testing processes do not involve ...

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China’s Xinhua unveils worlds first AI female news anchor

Beijing: China continues to make remarkable strides in making human journalists obsolete. On Tuesday, state news Xinhua announced that in collaboration with Sogou (search engine) has created the world’s first female AI news anchor, known as Xin Xiaomeng. The anchor will be making “her” debut during the upcoming Two Sessions ...

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Swedbank shares fall further as money laundering worries persist

STOCKHOLM: Swedbank’s shares opened 4 percent lower on Thursday, adding to heavy losses from a day earlier when a report linked one of the biggest lender in the Baltic countries to a regional money laundering scandal involving Danske Bank. Danske is being investigated in five markets over some 200 billion ...

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Billionaire Ambani risks jail over missed Ericsson payments

NEW DELHI: India’s top court said Indian industrialist and chairman of Reliance Communications (RCom) Anil Ambani wilfully did not pay 77.3 million U.S. dollars to Swedish telecom equipment maker Ericsson, thereby holding him guilty of contempt in a case, officials said. “RCom had no intention to abide with the undertakings. ...

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U.S. dollar falls amid rising sterling

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

NEW YORK: U.S. dollar fell on Monday, as investors’ growing optimism on US-China trade relations cut back on the greenback’s safe-haven demand. In late New York trading, the euro was up to 1.1312 U.S. dollars from 1.1295 dollars in the previous session. The Australian dollar fell to 0.7130 dollar from ...

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Lloyds bank 2018 profit jumps by more than a quarter

LONDON: Britain’s Lloyds Banking Group announced surging 2018 profits on Wednesday on lower mis-selling costs and the “resilient” UK economy – despite looming uncertainty over Brexit. Earnings after taxation, or net profit, soared 27 percent to £3.87 billion ($5.02 billion, 4.43 billion euros) last year, compared with £3.04 billion in ...

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Samsung bends over backwards to rev smartphone desire

SAN FRANCISCO: Samsung on Wednesday is expected to unveil new flagship smartphones including one with a screen that can fold closed like a book as it seeks to boost the moribund market. Much of what is in store at a Galaxy Unpacked event that the South Korean consumer electronics giant ...

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Huawei founder: We will shift our investment from the US to the UK

LONDON: BEIJING: The founder of Huawei commented on the arrest of his daughter, Meng Wanzhou, Huawei chief financial officer, noting that he believes that arrest was politically motivated. In his first international broadcast interview since his daughter arrest, Ren accused the US of forcing other countries into the campaign against Huawei. “There’s no way ...

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