Samsung Electronics said Friday it expected profits to hit an all-time high in the third quarter, as booming semiconductor sales boost the South Korean IT giant. The company estimated operating profits of 14.5 trillion won ($12.8 billion) in the July-September period, a record for quarterly profit and nearly three times the 5.2 trillion won earned a… Continue reading “Samsung Electronics expects record $12.8bn Q3 operating profit”
Originally posted 2017-10-13 02:55:28.
Paris city authorities said Thursday they aimed to phase out the use of diesel cars by the time the French capital hosts the Olympics in 2024, and petrol cars by 2030. Mayor Anne Hidalgo’s office said the goals — which are more ambitious time-wise than a government plan to end sales of petrol and diesel vehicles… Continue reading “Paris wants to phase out diesel cars by 2024”
Originally posted 2017-10-13 02:54:42.
Richard Branson’s Virgin Group announced Thursday it is investing in Hyperloop One in a strategic partnership aimed at establishing new passenger and cargo transport services for the superfast rail concept. As part of the deal, Branson will join the board of the California startup, which will be renamed Virgin Hyperloop One in the coming months, according… Continue reading “Branson’s Virgin Group joins Hyperloop One project”
Originally posted 2017-10-13 02:52:40.
The European Central Bank earned 7.8 billion euros ($9.2 billion) of interest in 2012-16 on Greek debt it bought to shore up the fragile nation, a figure promising renewed tensions with eurozone partners. Some of the funds are still in limbo, despite the fact that any profits from bonds owned by the ECB and its 19… Continue reading “ECB reveals billions of profits from Greek debt”
Originally posted 2017-10-13 02:50:46.
As technology continues to seep into almost every aspect of our lives, the use of digital payments is set to grow exponentially in the next few years, new research shows. The findings indicate that there’s no stopping the non-cash payment movement as consumers adopt new technology. Emerging markets will lead the growth of digital transactions, according… Continue reading “Digital payments forecast: 726 billion transactions a year by 2020, study says”
Originally posted 2017-10-13 02:43:41.
Many Chinese aphorisms urge people to work hard. Few urge them to work smarter, but that, as the country’s leadership has made clear, is what is needed now. Although it is its hard work that has propelled the country’s rapid economic growth since the launch of reform and opening-up, and which has seen it become the… Continue reading “Five principles to leverage period of opportunity”
Originally posted 2017-10-13 02:38:57.
Uber has many rivals in different countries worldwide, but the two biggest ones are Didi Chuxing from China and Ola from India, and they are steadily gaining ground. In the latest development, Ola has secured $1.1 billion in funding from Chinese investment company Tencent and Japanese finance giant SoftBank. The ride-hailing service, Ola, revealed to CNBC… Continue reading “Uber’s Indian Rival Raises $1.1 Billion Funding From Tencent, SoftBank”
Originally posted 2017-10-13 02:33:22.
Six of Japan’s best-known carmakers including Nissan and Honda used products from Kobe Steel, a report said Wednesday, after the firm admitted to falsifying quality data in a growing scandal. Business daily Nikkei said Mitsubishi Motors, Subaru and Mazda had also used products from Kobe Steel in their vehicles. Auto giant Toyota has already said that… Continue reading “Japan steel scandal grows as more carmakers hit: report”
Originally posted 2017-10-13 02:32:12.
Millions of Americans will suffer double-digit increases in home heating costs this winter, thanks mostly to a perfect storm of colder weather and higher energy costs, a new report shows. The main problem is the cold — with temps that are predicted to drop an average of 13 percent nationwide compared to last winter. The south… Continue reading “Winter Forecast: Households Will Pay More For Heat”
Originally posted 2017-10-13 02:29:57.
Disgraced movie mogul Harvey Weinstein has nothing to worry about — at least financially. The Hollywood super-producer — whose movies for Miramax and The Weinstein Company have made billions over the last three decades — will continue to reap millions in profits for himself, despite being fired from his own company after years of sexual assault… Continue reading “What is Harvey Weinstein’s Net Worth?”
Originally posted 2017-10-13 02:28:51.