Super Rich Rethink Buying Yachts In Uncertain Economy
Even the ultra-wealthy can get skittish about dropping $50 million on a boat, so superyacht salesmen like Thom Conboy are having to do more hand-holding these days. A checklist of global challenges — including the U.S. trade war with China, a messy Brexit and Germany teetering on recession — hasContinue Reading
Electric SUV to Lead China’s Charge Into European Market
$28,000 Electric SUV to Lead China’s Charge Into European Market: A $28,000 sport utility vehicle looks set to become the first Chinese entrant in Europe’s electric-car market, betting its competitive price will help draw customers away from the likes of Volkswagen AG and Tesla Inc. Shanghai-based automaker Aiways has securedContinue Reading
Emerging markets need more say on digital currencies
Emerging markets need more say on digital currencies Governments in emerging markets must have greater say in the regulation of digital currencies that could facilitate illegal capital flows and disrupt foreign exchange management, a senior official of China’s foreign exchange regulator said on Monday. China has signalled it is activelyContinue Reading
Bitcoin holds ground after China voices support for blockchain
Bitcoin holds ground after China voices support for blockchain Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology. Blockchain, a digital ledger that forms the backbone of manyContinue Reading
Qatar Airways, JAL among suitors for Malaysia Airlines
Qatar Airways, JAL among suitors for Malaysia Airlines Three international carriers have put in bids to buy a strategic stake in the ailing Malaysian carrier, Malaysia Airlines, according to a report published on Saturday by business weekly The Edge Malaysia. Malaysia’s government said on Tuesday that sovereign fund Khazanah NasionalContinue Reading
French luxury group LVMH offers to buy U.S jeweler Tiffany
French luxury group LVMH offers to buy U.S jeweler Tiffany Louis Vuitton owner LVMH has approached Tiffany & Co with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China.Continue Reading
ARM to continue supplying chip technology to Huawei
ARM to continue supplying chip technology to Huawei Chip designer ARM will continue to supply Huawei Technologies after the British company’s legal team ruled that its chip technology is of UK origin and would not breach U.S. restrictions on supplying the Chinese tech giant. Huawei, the world’s No. 2 smartphoneContinue Reading
AT&T’s plan to take on Netflix, Apple and Disney with HBO Max
AT&T’s plan to take on Netflix, Apple and Disney with HBO Max In the bestselling novel “Circe” — optioned by WarnerMedia for its forthcoming HBO Max streaming service — the daughter of the Greek god Helios tames wild beasts and menaces the gods. WarnerMedia executives want “Circe” to unleash aContinue Reading
Qualcomm creates $200 million fund for 5G uses beyond phones
Qualcomm creates $200 million fund for 5G uses beyond phones Qualcomm Inc on Thursday said it has created a $200 million venture capital fund to invest in startup companies looking to use 5G technology in devices other than smartphones. Qualcomm is supplying chips for 5G, the next generation of mobileContinue Reading
Comcast beats profit estimates on internet subscriber additions
Comcast beats profit estimates on internet subscriber additions Media and communications company Comcast Corp (CMCSA.O) beat Wall Street estimates for third-quarter profit on Thursday, as it added more high-speed internet customers, even as it lost video users. The company gained 379,000 high-speed internet subscribers, beating analysts’ average estimate of 344,000Continue Reading