Bloomberg

Why Airbnb’s IPO will outdo Uber and Lyft

While tremendous progress has been made on autonomous driving technology, a car still requires an alert and capable human. That takes continuous engagement, often fighting stress and exhaustion.

Industry News

Did Amazon, Apple, Facebook and Google get too big? US joins Europe in debate

The companies dominate markets in e-books and smartphones, search advertising and social-media traffic. The European Union had been the most aggressive jurisdiction so far in trying to regulate Big Tech. Now the U.S. has jump

Amazon profit, Apple profit, Facebook profit, Google profit, US Europe, technology, technology theats News

Donald Trump’s tariff threats are easier to criticize than to stop

Mexico could alternatively seek to challenge the tariffs at the WTO, but those cases can take three to five years.

donald trump trade war, donald trump india, us china trade war, china loss, china loss trade war, china trade war, trade war, tariff war, taiwan, china taiwan, china gdp, china gdp fall, News

Central Bank crusade to spark inflation isn’t convincing traders

Economists at JPMorgan Chase & Co. this week predicted average inflation in developed markets would slide to 1.6% by the end of this year from 2.1% in the current quarter.

Central Bank, global inflation, global economy, global trade News

G-20 update: Urgent push for digital taxes faces hurdles

The G-20 finance group has gathered annually since 1999, with Japan taking presidency for the June 8-9 gathering.

G 20 india, g20 agenda, Digital Taxes china, News

Crude prices: Oil optimism slumps to 12-week low in bear market

WTI reached bear territory on Wednesday, dropping more than 20% from its April high amid escalating disputes between the U.S. and its trading partners.

oil, oil prices, oil prices, donald trump, market, global market News

A $2 billion illicit meat market is damaged by pig virus

Sales have halved since the borders were tightened last year when African swine fever was discovered in China, with buffalo shipments via Vietnam now down to about 1,000 containers a month, according to the All India Meat and

illicit meat market in china, African swine fever, meat market in china, pig virus, buffalo meat, African swine fever upadtes, black market meat trade, Beijing News

Consumer confidence drops as people worry for jobs, slowing growth: RBI

“Weakening confidence is primarily attributable to the deterioration in sentiments on the economic situation and employment,” the central bank said.

IMF, world economy, GDp growth, china, india, gender gap, agricultural News

From switching off ACs to creating land bank, how RBI can bring US style bank bailout program scheme

Ever since the collapse of infrastructure financier-operator IL&FS Group in September, the funding woes of the country’s nonbank lenders have kept worsening.

Banking & Finance News

Google Stadia game service to launch in November at $10-a-month

Google is leading the way in the nascent business of streaming games through the internet, announcing pricing and a raft of new titles for its Stadia service ahead of its competitors.

Industry News

Amazon’s Jeff Bezos interrupted by activist during onstage talk

Amazon.com Inc. Chief Executive Officer Jeff Bezos was interrupted by an animal-rights activist who rushed onto the stage where he was being interviewed during a conference in Las Vegas.

Industry News

Cloud play: Google to buy Looker for $2.6 billion

Alphabet Inc.’s Google agreed to buy Looker Data Sciences Inc. for $2.6 billion, expanding its offerings to help customers manage data in the cloud.

Industry News

GDP growth concerns in India put more interest rate cuts on the radar

A marked slowdown in Asia’s third-largest economy pushed growth concerns to the top of the Reserve Bank of India’s agenda, suggesting more policy easing will follow its third interest-rate cut of the year.

Economy News

Next trade-war casualty may be mergers and acquisitions market

Whether it’s the sale of a Boeing jetliner or a tech takeover, trade tensions spell bad news for megadeals

US India trade ties, WTO, Boeing planes, Celgene Corp, M&A transaction, Bristol, sale of Boeing jetliner News

Modi needs $190 billion bank cleanup to revive economic growth

Reforms meant to clean up $190 billion of stressed bank loans will be crucial to reviving economic growth during Narendra Modi’s second term as prime minister.

Banking & Finance News

Uber Chopper to begin operating in New York City: Helicopter testing underway

Uber is all set to start offering helicopter rides in New York City and will cost around $220-225USD (~Rs 15,300) per person.

Car News

YouTube cracks down on Steven Crowder channel after protests

The Google video unit had earlier said Crowder’s offending videos didn’t violate its policies. That prompted a group of Google employees to protest the decision.

The protest came hours after YouTube said it was instituting a tougher stance on content that could encourage discrimination and hate (AP Photo) News

Amazon to test chopper-plane mashup for drone deliveries

The Amazon device has only 10 moving parts, its six propellers and the four control surfaces that allow it to maneuver in flight, according to Kimchi, who heads the engineering team that developed the aircraft.

The new device takes off vertically, then tilts to fly horizontally like a plane. (AP Photo) News

Netflix accused by Fox of `audacious’ poaching as trial looms

The Fox studios alleged in the 2016 complaint that Netflix illegally induced the two executives -- a vice president of promotions at the movie studio and a vice president of creative at the TV studio -- to break their contrac

Netflix argues it can’t be barred from recruiting and hiring Fox’s fixed-term employees (File photo) News

Oracle’s alliance with Microsoft halts dead-end cloud strategy

The software makers will connect their data centers so mutual customers can more easily use cloud services from both companies, Redwood City, California-based Oracle said in a statement.

Industry News

YouTube cracks down on videos glorifying Nazi ideology

The company said in a blog post it will also remove content denying that well-documented violent events, such as the Holocaust or the shooting at Sandy Hook Elementary School, took place.

Industry News

Digital payments: Cashless India could be a model for the world

With more than 140 Indian banks sharing the interface, and Alphabet Inc.’s Google and Facebook Inc.’s WhatsApp offering instantaneous payment services on it, UPI has become a keenly watched experiment.

By the looks of it, things are going well: From nothing to 800 million monthly transactions in less than three years, India’s UPI has taken off. News

Donald Trump says there’s ‘always a chance’ of war with Iran

President Donald Trump said there’s “always a chance” of the US taking military action in Iran, though he’d prefer to engage verbally with Iranian President Hassan Rouhani.

World News

Apple App Store, Google Play store duopoly questioned again as US justice department circles

Google and Apple have also highlighted their ability to filter out fake apps and malicious software

Industry News

Apple Safari rival Firefox follows its path to block online trackers

Blocking the trackers by default is important, said Dave Camp, a Mozilla senior vice president who oversees Firefox

Industry News

Oil prices drop as US stockpiles report stokes fears of glut

Oil is teetering on the edge of a bear market after falling almost 20% from a peak in late April as an aggressive U.S. trade policy stokes fears that the global economy is headed for a sharp slowdown.

The American Petroleum Institute reported U.S. crude stockpiles rose by 3.55 million barrels last week, according to people familiar with the data. (Reuters File image) News

Looming crisis: Central banks poised to act as economic warnings flash

The Fed has a current rate target range of 2.25% to 2.5%, which doesn’t leave much room above zero given it cut by 500 basis points to fight the last downturn.

Economy News
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