Wednesday, 20 February 2019

Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes

WASHINGTON Tesla Inc Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting...

Asia stocks shaken by plunge in crude oil, growth worries

TOKYO Asian shares edged lower as investors fretted about slowing global growth with crude oil prices sinking on worries about weakening world demand and oversupply. U.S....

At Facebook, public funds join push to remove Zuckerberg as chairman

USA Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several...

U.S. negotiating multibillion-dollar fine with Facebook: report

WASHINGTON The U.S. government and Facebook Inc are negotiating a settlement over the company’s privacy lapses that could require the online social network to pay...

Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in...

Bitcoin frenzy settles down as big players muscle into market

Tommy Wilkes and Vidya Ranganathan LONDON/NEW YORK/SINGAPORE AFTER bouncing up, falling down and keeping investors on the edges of their seats, bitcoin may be maturing into...

Cryptocurrency exchanges at risk of manipulation: report

NEW YORK Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s...

U.S. House Democrats want Apple to answer questions on FaceTime flaw

WASHINGTON Two key U.S. House of Representatives Democrats on Tuesday asked Apple Inc Chief Executive Tim Cook, to answer questions about a privacy flaw in...

Tokio Marine scouts for Asia, US deals with US$9b war chest

TOKYO Japanese insurer Tokio Marine Holdings Inc, one of the country’s most acquisitive companies, has a US$9 billion war chest for overseas purchases and is...

Bitcoin ransoms just are not what they used to be

Give me bitcoin or your life. Seriously? The people behind a rash of bomb threats made across the United States and Canada on Thursday demanded...

Hyundai to open car plant in Indonesia, to build EVs: minister

JAKARTA Hyundai Motor Co plans to start producing electric vehicles (EVs) in Indonesia as part of an around $880 million auto investment in the country,...

Plastic-eating enzyme holds promise in fighting pollution 

Scientists in Britain and the United States say they have engineered a plastic-eating enzyme that could in future help in the fight against pollution. The...
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