Chinese mobile maker Huawei Technologies Co Ltd has decided to invest $1billion on information and communication technology (ICT) development over the next five years. Huawei will work closely with Britain in the development of technology applications in the telecommunications segment.
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Uber-like startup, Yidao Yongche receives $700M of investment
China uber-like startup, Yidao Yongche announced that the company will be receiving a huge investment from a Beijing-based company, LeTV. According to Yidao Yongche's statement, the three-year-old company is receiving investment worth $700 million by LeTv for 70 percent stake in the ride-hailing app company.
Alibaba does not want to be listed under "Notorious Market" list for this year
China biggest e-commerce company, Alibaba is currently improving their effort to engage with the U.S. Trade Representative to make sure its site will stay out from the agency's list of websites selling pirated and counterfeit goods. The company's affair chief, Eric Pelletier is among the person responsible in lobbying the agency.
IBM revenue down for the 14th quarter, cuts profit forecast
International Business Machines Corp (IBM) has announced more than projected fall in revenues as the stronger US currency put pressure on demand from China and other emerging economies. As a result, IBM has lowered its profit forecast for the full year. The revenues were down 13.9 percent to $19.28billion for the quarter ending September as against the forecast of $19.62bn. The latest drop in revenues marks the continuous fall for 14 quarters in a row.
China cloaks weakest growth since 2009
The world's second largest economy witnessed its lowest growth rate in the last two decades. China's gross domestic product (GDP) growth rate dipped below seven percent during the third quarter for the first time after the financial crisis. A record of 6.9 percent, below the Chinese government's target of seven percent and slightly better than the forecasted 6.8 percent. This is translating into more pressure on the Chinese government to lower interest rates and some measures to strengthen the growth rate.
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Mazda CX-3, the new compact crossover SUV is the fifth model in Mazda's line-up of new-generation vehicles that feature the full range of SKYACTIV Technology and 'KODO - Soul of Motion' design. With global launches starting from Japan in the spring of 2015, CX-3 offers all the essentials people look for in car, a design of high quality and style, and the responsive driving feel.
The Reserve Bank of India (RBI) Governor Raghuram Rajan's latest measure to slash benchmark repurchase rate is finally giving results as commercial banks started cutting down interest rates.
It was only six months ago that Dropbox hinted at developing a collaborative note-taking tool called Notes. Just now, they've released news that the tool will officially be called Dropbox Paper and that the beta test is seeing some significant progress.
The largest community-based traffic app, Waze, had updated its features after three years. As Google had bought the app, the company said it will soon roll out on Android devices too.
After a Twitter post that has been deemed by many as "profane" and "inappropriate", New York Times staffer Philip Richardson was reprimanded by the public, and most likely by superiors, for a social media post that sent an F-bomb to Republican presidential candidate Jeb Bush.
The China's withdrawing from the US government debt is being overlooked as robust demand in the domestic market is increasing. Several US mutual funds have started buying treasuries at auction. The US investors are also increasing their buying.
Amazon Destinations, the Amazon group's hotel reservation service, surprisingly shut down its reservation service effectively on October 13, 2015. Amazon Destinations was launched in April and the site provided reservation services for hotels, inns and bed-and-breakfast properties in the Northeast, the Pasific Northwest, and Southern California.
Indonesian president is scheduled to visit US's giant tech companies during his first trip in the United States. The trip will start on October 26 and it will be a five-day trip full of bilateral business agenda.
Despite down 12.7 percent from the 52-week high of 20,952.71 points, Japan's Nikkei offered 27.89 percent return for 2015 so far and the last two sessions of the previous week further indicated the upward momentum in the market.
