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Updated: 43 min 25 sec ago

Riksbank predicts Sweden will be 'cashless' within five years

Wed, 12/05/2018 - 00:20
Sweden is likely to become cashless within the next five years, the deputy governor of the country's central bank, Cecilia Skingsley, predicted on Tuesday.

Rolls-Royce partners with AI software maker to predict engine performance

Wed, 12/05/2018 - 00:09
British aero-engine maker Rolls-Royce has partnered with Chicago-based artificial intelligence software maker Uptake to spot possible operational issues in its Trent engine fleet ahead of time, the companies said on Tuesday.

U.S. House panel reschedules Google CEO testimony for Dec. 11

Tue, 12/04/2018 - 23:26
Google Chief Executive Sundar Pichai will testify before the U.S. House Judiciary Committee on Dec. 11, the panel said in a statement on Tuesday as Washington prepared for the state funeral of former President George H.W. Bush.

New UPS navigation tool aims to save time and money with each turn

Tue, 12/04/2018 - 21:57
United Parcel Service Inc on Tuesday said it is rolling out a new navigation tool designed to reduce costs for the company and headaches for its roughly 60,000 U.S. package delivery drivers.

Uber launches bus-booking service in Egyptian capital

Tue, 12/04/2018 - 21:53
Uber Technologies Inc has launched a bus-booking service in Cairo, the company's chief executive said on his first visit to Egypt on Tuesday, as the company aims to tap a sprawling low-income market.

Message service Clickatell considers IPO to fund expansion: CEO

Tue, 12/04/2018 - 21:49
Clickatell, which helps companies communicate with customers via mobile messaging platforms, is considering a public offering next year as it seeks to fund a rapid expansion of its services, founder and CEO Pieter de Villiers said on Tuesday.

France's Iliad seeks to revive sales with high-end set-top box

Tue, 12/04/2018 - 21:46
Telecom operator Iliad unveiled on Tuesday a new high-end set-up box with luxury audio speakers and embedded video applications which it sees reviving sluggish sales in France.

Internet giants pose existential threat to banks: BIS chief

Tue, 12/04/2018 - 21:02
Internet and 'big data' giants like Amazon and China's Alipay pose an existential threat to traditional banks, the head of the Bank for International Settlements, Agustín Carstens, said on Tuesday.

EU ministers fail to break digital tax deadlock

Tue, 12/04/2018 - 20:56
European Union finance ministers failed to agree a tax on digital revenues on Thursday, despite a last minute Franco-German plan to salvage the proposal by narrowing its focus to firms like Google and Facebook .

Online game 'Razor Wire' highlights migrants' hardship

Tue, 12/04/2018 - 20:30
The new online game "Razor Wire" has three fiendishly tricky levels to it: First, escape war in your home country. Then, dodge police as they raze your migrant camp, and lastly, cross a river while avoiding the corpses of those who never made it.

Fidelity, Nasdaq Ventures invest in cryptocurrency exchange ErisX

Tue, 12/04/2018 - 20:13
New cryptocurrency exchange ErisX said Tuesday it raised a total of $27.5 million from investors including Fidelity Investments and Nasdaq Ventures.

Germany seeks European cooperation on artificial intelligence

Tue, 12/04/2018 - 19:18
Germany called on Tuesday for European cooperation on developing artificial intelligence (AI) to close the gap on leaders China and the United States.

Alphabet's Wing drone delivery business to take flight in Finland

Tue, 12/04/2018 - 19:13
Google parent Alphabet Inc's drone delivery business Wing will launch its first European delivery service in Finland in the spring of 2019, it said in a statement on Tuesday.

Chief at Alibaba video site Youku steps down amid corruption probe

Tue, 12/04/2018 - 18:25
The president of Alibaba Group Holding Ltd's video streaming service, Youku, has stepped down and is believed to be talking to Chinese authorities as part of a potential corruption case, the company said on Tuesday.

Ireland still concerned about EU digital tax despite new proposal: minister

Tue, 12/04/2018 - 17:50
Ireland's finance minister poured cold water Tuesday on a new Franco-German proposal for a European tax on companies' digital revenues, saying it failed to address his concerns.

Apple assembler Foxconn considering iPhone factory in Vietnam: state media

Tue, 12/04/2018 - 17:33
Apple Inc's biggest iPhone assembler, Foxconn, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported.

EU's Moscovici urges digital tax deal in March

Tue, 12/04/2018 - 17:21
The European Union commissioner in charge of taxation urged on Tuesday EU countries to reach a deal on a common tax on digital revenues of large companies in March.

Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union

Tue, 12/04/2018 - 15:37
Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labor union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn.

Audi to invest 14 billion euros in e-mobility, self-driving cars

Tue, 12/04/2018 - 15:19
Volkswagen's premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and autonomous driving.

Digital newcomers out to disrupt South African banking

Tue, 12/04/2018 - 13:57
Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard.