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BUSINESS

With IPO due, Uber aims to be 'Amazon of transportation'

AFP, Published on 03/03/2019

» SANTA MONICA: Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the "Amazon of transportation" in a future where people share instead of owning vehicles.

BUSINESS

When Concorde first took to the sky 50 years ago

AFP, Published on 01/03/2019

» PARIS: When the misty skies cleared over southern France on the afternoon of Sunday March 2, 1969, the green light was signalled for the highly anticipated first ever flight of the Concorde.

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BUSINESS

Samsung launches folding smartphone, first 5G handset

AFP, Published on 21/02/2019

» SAN FRANCISCO: Samsung on Wednesday unveiled a smartphone that folds open to be a tablet, becoming the first major manufacturer to offer the feature as it strives to stoke excitement in a slumping market.

BUSINESS

Amazon hits trillion-dollar milestone with focus on the long game

AFP, Published on 05/09/2018

» SAN FRANCISCO: Amazon's market value hit US$1 trillion on Tuesday, the second company after Apple to hit the milestone, following an incredible journey for the internet giant which has kept a long-term focus since launching as an online bookseller two decades ago.

BUSINESS

Ford celebrates 10 millionth Mustang

AFP, Published on 08/08/2018

» CHICAGO: The Ford Mustang -- an iconic American brand and a symbol of cool -- will reach a major milestone Wednesday as the 10 millionth vehicle rolls off an assembly line at a Detroit-area plant.

BUSINESS

EU joins global battle against Trump tariff onslaught

AFP, Published on 02/06/2018

» WHISTLER, Canada: The European Union on Friday launched its first counteroffensive against Washington's punishing steel and aluminum tariffs while the US began meetings in Canada with outraged finance ministers from its top trading partners.

BUSINESS

Dutch firm ASML perfecting 'microchip shrink' for tech giants

AFP, Published on 13/05/2018

» VELDHOVEN, Netherlands: They call it "the shrink" -- it's the challenge of how to pack more circuits onto the microchips which power everything from our phones to our computers, even our coffee machines.

BUSINESS

News Corp reports loss on writedowns, weakness in newspapers

AFP, Published on 11/05/2018

» NEW YORK: Rupert Murdoch's newspaper-focused News Corp on Thursday reported a loss in the past quarter, as results were hit by a writedown in the value of its Australian television operations and declines in print advertising revenues.

BUSINESS

Helicopter taxi apps offer escape from traffic-choked megacities

AFP, Published on 09/05/2018

» SINGAPORE: Within minutes of using an app to book a ride, Agostino Fernandes was looking down on lush greenery from a helicopter taxi high above Bangalore -- one of several Uber-style chopper services taking off to help commuters tackle increasingly congested megacities.

BUSINESS

US businesses, farmers worried by China trade spat: Fed

AFP, Published on 19/04/2018

» WASHINGTON: Despite continued economic growth, US businesses and farmers are increasingly concerned about the trade spat with China which already has pushed prices higher, according to a Federal Reserve survey released Wednesday.