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Boeing invests in Near Earth
SEATTLE/SYDNEY: Boeing Co said it had invested in Near Earth Autonomy, a Pittsburgh-based firm that develops technologies enabling autonomous flight such as drones. In addition to the undisclosed investment, Boeing said the two companies would also explore products and applications for emerging markets such as urban mobility. It was the first investment in autonomous technologies by Boeing’s venture capital arm, Boeing
 
 
Daimler’s profit falls on diesel engine car costs
BERLIN: Daimler’s third-quarter operating profit declined, as the cost of making diesel engine cars run cleaner and other special items outweighed record sales of Mercedes-Benz luxury models. Earnings before interest and tax (EBIT) at the German automotive group plunged 14 per cent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast
   
China’s household consumer loans surge nearly 30% as debt worries resurface
BEIJING: China’s outstanding household consumer loans surged nearly 30 per cent by end September from a year earlier, data showed on Friday, a day after its central bank governor issued a strong warning about the risks of rapidly rising debt. A central bank report also showed a sharp jump of nearly 23 per cent in property loans in the same period, suggesting authorities will be in no rush to remove tough cooling measures imposed
 
 
PayPal tops earnings estimates in third quarter
CALIFORNIA: Sharp growth in mobile payments led PayPal Holdings to report better-than-expected third-quarter earnings and lift its guidance for profit through the rest of the year. The San Jose, California-based payments company has been working hard in recent years to expand its reach to new customers through partnerships and acquisitions, particularly in mobile payments. Those deals are clearly starting to bear fruit,
   
Volvo lifts market outlook as truck order intake rises
STOCKHOLM: Sweden’s Volvo reported a bigger-than-expected rise in quarterly core earnings, as a broad upturn in demand for heavy trucks more than offset costs stemming from a strained supply chain. Sweden’s biggest manufacturer by sales also raised its outlook for truck markets on both sides of the North Atlantic this year and forecast a further strong recovery in industry-wide sales of commercial vehicles in North America in
 
 
Ericsson posts bigger than expected loss in Q3
STOCKHOLM: Ericsson fell to a larger-than-expected third-quarter operating loss and warned its quarter-on-quarter sales growth would underperform, adding to an already bleak outlook for the mobile telecom equipment maker. Competition from China’s Huawei and Finland’s Nokia as well as weak emerging markets and falling spending by telecoms operators has hurt Ericsson while demand for next-generation 5G technology is still several
   
Credit bureau lobbyists work to polish image
WASHINGTON: The Atlanta credit bureau Equifax ramped up its spending over the last three months to lobby the federal government and protect its image as it took fire for exposing the personal records of more than 145 million Americans. Its two main competitors, meanwhile, shifted their resources in order to do the same. New federal records released this week show Equifax increased its budget to lobby Congress and agency
 
 
Future of game safety could come down to research
With youth participation waning and football facing increased concerns over head trauma, the future of the game could well come down to the work being done in a windowless room in a generic suburban Chicago office building. That’s where Riddell, the nation’s largest football equipment manufacturer, is testing out design innovations and racing its competitors to build a safer helmet. “There is a sense of urgency to advance the
   
More disasters can wipe away Wi-Fi, cellular data infrastructure
SAN JOSE: If the next big earthquake strikes the Bay Area, millions will likely be stranded without the high-tech comforts provided by Silicon Valley. As evidenced in Texas, Florida and Puerto Rico following three different hurricanes, disasters can wipe away Wi-Fi and cellular data infrastructure, making modern technology obsolete. Twenty-eight years ago this month, the 6.9 magnitude Loma Prieta Earthquake did major damage to
 
 
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