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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
Rare movie night in Riyadh ahead of likely ban lift
RIYADH: The lights go out, the projector whirls and entertainment-star..
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Kohli century fires India to 280-8 against New Zealand
MUMBAI: A classy Virat Kohli century propelled India to 280-8 against ..
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Sultan discusses scientific cooperation with GE official
SHARJAH: His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme..
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Catalonia weighs options as Spain ups the stakes
BARCELONA: Catalonia's separatists were planning their response on Sun..
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Sri Lanka cricket board vows to go ahead with Pakistan tour
COLOMBO: Sri Lanka's cricket board on Sunday vowed to press ahead with..
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Bank for overseas Filipino workers set to offer low remittance fee
MANILA: A senior Cabinet official assured that the soon-to-open bank f..
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Returning Rohingya may lose land, crops under Myanmar plans
SITTWE (Myanmar): Rohingya Muslims who return to Myanmar after fleeing..
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Afghanistan to play Ireland, Zimbabwe in Sharjah
SHARJAH: Afghanistan will play three One-Day Internationals (ODIs) wit..
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Sheikh Khalifa issues decree amending the name of NCMS
ABU DHABI: His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President ..
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VP launches Digital Wealth initiative, IoT plan
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