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SAN FRANCISCO, United States (AFP) — Uber said late Tuesday that it has hired Expedia boss Dara Khosrowshahi as its new chief executive. Khosrowshahi will be at Uber’s headquarters in San Francisco for an ‘all-hands’ gathering to meet workers at the controversy-battered company. “We are delighted to announce that Uber’s Board has voted unanimously to appoint Dara Khosrowshahi to be our new CEO,” Uber executives said in an email sent to employees late Tuesday. Khosrowshahi […]
WASHINGTON, United States (AFP) — The United States branch of embattled German carmaker Volkswagen announced Tuesday it was recalling 281,000 vehicles to fix a faulty fuel pump in another blow to the company’s image. While the number is far smaller than the 11 million cars worldwide recalled in the “dieselgate” emissions cheating scandal, including about 600,000 vehicles in the US, news of another problem comes as the company is trying to restore its image with […]
TOKYO, Japan (Reuters) — Stock markets in Tokyo, Seoul, and Hong Kong closed lower on Tuesday (August 29), but regained some of the losses from earlier in the day after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. Japan’s Nikkei closed its trading at 19362.55 down 87.35 points while the wider Topix shed 2.36 points to 1597.76. The Korea Composite Stock Price Index (KOSPI) closed down […]
NEW YORK, United States (AFP) — The euro extended its gains on Monday, trading at a two-and-a-half-year high against the dollar as currency traders believed a wind-down in European economic stimulus was not imminent. European stocks also fell while Wall Street was directionless, buffeted in large part by worries over a pounding delivered to US energy infrastructure by Hurricane Harvey. In much anticipated speeches on Friday, central bank chiefs from the US and Europe sidestepped […]
Sydney, Australia (AFP) — American broadcaster CBS has secured a deal to buy Australia’s third-largest television network, Ten, the embattled station’s administrators said Monday. The Ten Network was placed in voluntary administration in June after two billionaire backers refused to continue guaranteeing a key loan of Aus$200 million (US$159 million). CBS — one of Ten’s key content providers — will fund the purchase by refinancing existing secured debt arrangements in full, the administrators said in […]
WASHINGTON, United States (AFP) — US petroleum giant ExxonMobil said Sunday it was temporarily closing its enormous refinery in Baytown, Texas, after flooding caused by monster storm Harvey had led to “operational issues.” “We are in the process of a safe and systematic shutdown of operations,” a company statement said. ExxonMobil said it was “taking all precautions” to ensure workers’ safety and minimize the impact of the closure on employees and the local community. The […]
by Jorge Svartzman Agence France-Presse RIO DE JANEIRO, Brazil – A wave of privatizations announced by Brazil’s President Michel Temer has fired up the stock market with hopes of economic renewal, but critics fear an irresponsible fire sale. It’s an impressive list with 58 items ranging from the Congonhas aircraft terminal in Sao Paulo to big state-run energy utility Eletrobras and even the national mint, which produces banknotes and passports. Throw in Temer’s decree, also unveiled this week, […]
by Diane Desobeau and Glenn Chapman in San Francisco Agence France-Presse NEW YORK, United States – Samsung on Wednesday unveiled a new model of its Galaxy Note as it seeks to leave behind the debacle over exploding batteries in the previous generation of the device, and mount a renewed challenge to Apple and its soon-to-come iPhone 8. Introducing the Note 8 “phablet” at an event in New York City, executives repeatedly thanked fans who had remained loyal […]
by Glenn Chapman Agence France-Presse SAN FRANCISCO, United States (AFP) — Facebook use in the United States will slow as teens and young adults opt for smartphone image-sharing services Instagram and Snapchat, according to an eMarketer forecast released on Tuesday. The market tracker expected Facebook’s online community to grow, saying it would be due mainly to increased adoption by older folks while use by those 24 years of age or younger sags. “We see teens […]
HONG KONG, China (AFP) — Most Asian markets rose on Tuesday ahead of a closely watched meeting of central bankers later in the week, although there remain concerns about Donald Trump’s economic agenda and geopolitical crises. Equities have been struggling in recent weeks owing to the ongoing stand-off between the United States and North Korea, which has been compounded by Thursday’s terror attack in Barcelona. The US president’s woes have fuelled speculation he will struggle […]
(Eagle News) — Nararamdaman na ng mga retailer ang lumalakas na kompetisyon sa online shopping na dati’y hindi pinagtutuunan ng pansin. Aminado si Samie Lim, Chairman Emeritus ng Philippine Retailers Association na marami sa kanilang miyembro ang nagsabing nawawalan na sila ng customer dahil nalilipat na ang atensyon ng mga consumer sa online shopping. Anila, mas kumbinyente at iwas-traffic ang online shopping. Ayon kay Lim, talagang apektado sila sa patuloy na paglakas nito dahil nasa […]
by Tom Barfield Agence France Presse NEW YORK, United States (AFP) — Global stock markets on Monday failed to recoup last week’s losses, as traders warily eyed geopolitical uncertainty. Wall Street equities treaded water while markets in Europe and Japan slid, suffering from lingering concern over President Donald Trump’s volatile administration and unclear prospects for achieving economic reform. Worries over Trump’s stalled economic agenda and upcoming high-stakes Washington fights had hurt global stocks on Friday, […]
