SHANGHAI: The National Basketball Association (NBA) has severed ties to a training centre in China’s western Xinjiang region, where Beijing faces growing international condemnation over its treatment of minorities. In a letter published online by US Senator Marsha Blackburn, the US league also said it had lost “hundreds of millions […]
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Volkswagen AG, Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday. REUTERS: Volkswagen AG, Europe’s largest automaker, is expanding its cloud-based software and data portal, […]
France’s newly-appointed Environment Minister Barbara Pompili said on Thursday she would push to pause the development of warehouses used by online businesses such as Amazon, in a possible setback for the e-commerce giant. PARIS: France’s newly-appointed Environment Minister Barbara Pompili said on Thursday she would push to pause the development […]
The chief executives of four of the largest U.S. tech companies plan to deflect criticism next week in a Congressional hearing into their use of market power to hurt rivals by saying they themselves face competition and by debunking claims they are so dominant. WASHINGTON: The chief executives of four […]
REUTERS: Volkswagen, Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday (Jul 23). VW’s “industrial cloud” was designed in partnership with Amazon Web Services and eventually […]
SINGAPORE: Marina Bay Sands (MBS) has reported an earnings before interest, tax, depreciation and amortisation (EBITDA) loss of US$113 million in the second quarter of 2020, a period that coincided with Singapore’s COVID-19 “circuit breaker” period. The figure is in contrast with the US$346 million EBITDA profit it made between […]
SINGAPORE: Singapore’s core inflation dropped 0.2 per cent year-on-year in June, the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) said in a joint news release on Thursday (Jul 23). The drop in June continues from the 0.2 per cent year-on-year decrease recorded in May. This […]
BEIJING: Tesla boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth. “Tesla will give you a giant contract for a long period of time […]
TOKYO: Japan held subdued celebrations to mark one year to go until the postponed Tokyo 2020 Olympics on Thursday (Jul 23), with the coronavirus pandemic raising stark concerns about whether the Games will go ahead at all. In Tokyo, which should have been buzzing with thousands of athletes and fans […]
The government has been too slow to respond to the “existential threat” faced by live theatre, music and other culture, a committee of MPs has said. Minsiters “consistently failed to recognise” the challenges Covid-19 posed to the arts, the House of Commons culture select committee said. Chair Julian Knight MP […]