Money


SoftBank invests $2 billion in Southeast Asian ride-hailing firm Grab SoftBank invests $2 billion in Southeast Asian ride-hailing firm Grab
- August 01, 2019

Singapore-headquartered Grab and Go-Jek have evolved from ride-hailing app operators to becoming one-stop shops for services as varied as making payments and food delivery. "We are interested in electronic vehicles, batteries and the charging systems", Son told reporters at the presidential palace in Jakarta . In the next three months, Grab will also be launching e-healthcare services in Indonesia, so as to increase access to doctors and medical services for all Indonesians. (more...)
Microsoft will retire Skype for Business Online in 2021 Microsoft will retire Skype for Business Online in 2021
- August 01, 2019

Microsoft assures users of Skype for Business Online that between now and the retirement date, nothing will change. While Skype for Business will be available until July 31, 2021, Microsoft will begin onboarding new Office 365 customers onto Teams as the default option for chats meetings and calls starting September 1 of this year. (more...)
No U.S.-China Trade Deal Yet; Talks To Resume In September No U.S.-China Trade Deal Yet; Talks To Resume In September
- August 01, 2019

China's statement at the end of the talks acknowledged discussion on agricultural sales but offered no hint of an agreement on this point. The International Monetary Fund has warned that the trade dispute will shave 0.2 percent off global output. (more...)
Samsung says Japanese curbs cloud outlook as profit halves, shares fall Samsung says Japanese curbs cloud outlook as profit halves, shares fall
- August 01, 2019

The IT and mobile division, which produces smartphones, logged an operating profit of 1.56 trillion won (1.3 billion US dollars) on revenue of 25.86 trillion won (21.9 billion USA dollars). "Shares are falling as Samsung delays shareholder return plans because of growing external uncertainties", Greg Roh, senior vice president at Hyundai Motor Securities, said by phone. (more...)
Ex-Audi CEO Rupert Stadler charged in relation to diesel scandal Ex-Audi CEO Rupert Stadler charged in relation to diesel scandal
- August 01, 2019

The German public prosecutor's office in Munich has charged Stadler and three other defendants with false certification and criminal advertising practices. The prosecutor said his indictment related to roughly 250,000 Audi-branded cars, 112,000 Porsches and 72,000 Volkswagen cars that were sold in the United States and Europe. (more...)
You Could be Entitled to $125 - Find Out Now! You Could be Entitled to $125 - Find Out Now!
- August 01, 2019

While I can feel my middle-school math teacher cringing as I write this, allow me to do some math: If you divide the $31 million pool by $125, it appears that only 248,000 people will receive what is known as Alternative Reimbursement Compensation. (more...)
Oil falls after 'constructive' talks on Iran's nuclear deal Oil falls after 'constructive' talks on Iran's nuclear deal
- August 01, 2019

Brent crude futures, the global benchmark for oil prices, were up 42 cents, or 0.6%, at $65.14 a barrel by 1105 GMT. Market participants are also closely watching the U.S. US crude stockpiles USOILC=ECI fell for a seventh straight week, slumping 8.5 million barrels last week, the Energy Information Administration said, far exceeding analysts' expectations for a decrease of 2.6 million barrels. (more...)
FTC on Equifax settlement: Take credit monitoring over cash FTC on Equifax settlement: Take credit monitoring over cash
- August 01, 2019

Because you might actually end up getting "far less than $125". Only $31 million was set aside for those whose information was caught up in the fiasco but did not bear any losses. For example, if you placed credit freezes or alerts on your accounts, purchased credit monitoring services, you can be compensated $25 per hour for up to 20 hours. (more...)
U.S. interest rates cut for first time in decade U.S. interest rates cut for first time in decade
- July 31, 2019

The Fed's statement said that the USA labor market 'remains strong, ' and that the domestic economy is continuing to grow 'at a moderate rate.' Overall inflation is running below 2 per cent. "Although growth of household spending has picked up from earlier in the year, growth of business fixed investment has been soft". Powell has asserted that Trump's pressure has had no effect on the rate policies of the Fed, which is considered an independent agency. (more...)
US plan to allow prescription drugs from Canada US plan to allow prescription drugs from Canada
- July 31, 2019

The U.S. Department of Health and Human Services (HHS) said it and the Food and Drug Administration will propose a rule that will allow it to authorize states and other groups to pursue pilot projects related to importing drugs from Canada. (more...)
Dollar stalls ahead of Fed meeting as rate move eyed Dollar stalls ahead of Fed meeting as rate move eyed
- July 31, 2019

In the meantime, over in the United Kingdom (UK) the British pound tumbled to a 28-month low against the dollar to below USD $1.23 per British pound when Prime Minister Boris Johnson's government said it now assumed there would be a "No-deal Brexit" because a "stubborn" European Union was refusing to "renegotiate" the divorce agreement that was negotiated between Prime Minister Theresa May and the European Union (EU), but that never made it "through" the UK parliament. (more...)
Google Cloud Seeks Big Government Contracts To Script India Growth Google Cloud Seeks Big Government Contracts To Script India Growth
- July 31, 2019

The solution that Kurian announced July 30 was developed by CloudSimple , whose platform enables VMware technologies to be run as a service in public clouds. However, most companies are right now using VMware. This is an expansion of a years-long partnership between Google Cloud and VMware. According to the company, the VMware and Avi Networks teams will work together to advance VMware's Virtual Cloud Network plan, build out full stack Layer 2-7 services, and deliver the public-cloud ... (more...)
Tesla launches new Megapack battery product Tesla launches new Megapack battery product
- July 31, 2019

In 2017, Tesla used Powerpacks to install in Australia what it says is the world's largest lithium-ion battery to support local energy grids. Following the success of the Powerpack system, the tech giant has unveiled the dramatically named Megapack, a giant new battery product designed "to match global demand for massive battery storage projects ". (more...)
Uber lays off 400 people from its marketing team Uber lays off 400 people from its marketing team
- July 31, 2019

The transportation platform plans a broader restructuring of a smaller department of just 800 individuals in an acknowledgment that marketing is no longer a priority for the business as it seeks to streamline its profile across different audiences, products and locales. (more...)
28% of drivers taste the food they're delivering, survey shows 28% of drivers taste the food they're delivering, survey shows
- July 31, 2019

The survey conducted by US Foods , which supplies food to restaurants, gathered information from about 500 food delivery drivers and more than 1,500 customers in America who order through apps such as DoorDash , Postmates, Grubhub and UberEats. (more...)
Amazon to bring this new facility for food lovers Amazon to bring this new facility for food lovers
- July 31, 2019

Uber said it doesn't comment on rumors or speculation. Reports have revealed that e-commerce company Amazon is eyeing to be a player in India's online food delivery industry , which is now being dominated by local startups. The company is reportedly in talks for a possible buyout of local unit of Uber Eats because Amazon is interested in launching the food delivery service, so it can expand services under Prime memberships, according to a Business Standard report. (more...)
Hong Kong protesters appear in court to face 'riot' charge Hong Kong protesters appear in court to face 'riot' charge
- July 31, 2019

Protesters have clashed with police again in Hong Kong after reports that some of their fellow demonstrators detained by police would be charged with rioting. Since starting their demonstrations seven weeks ago against a controversial extradition bill that threatened to undermine the city-state's democracy, the protesters in Hong Kong have raised many different flags to represent their cause. (more...)
Trade talks to nowhere? Trade talks to nowhere?
- July 31, 2019

President Donald Trump's warning not to stall. Separately on Twitter, Mr Trump warned that if he wins in 2020, "the deal that they get will be much tougher than what we are negotiating now ... A commentary in the Communist Party mouthpiece People's Daily on July 31, while not mentioning Trump by name, complained that as the talks started, "the drums of some Americans struck again on the side, disturbing the main melody". (more...)
PSA threatens to shut down UK plant PSA threatens to shut down UK plant
- July 31, 2019

PSA Group has already announced plans to build the next-generation Astra in Russelsheim, Germany as well as Ellesmere Port. "We are highly integrated with Europe, and a no-deal Brexit would result in huge tariff costs and disruption that would threaten production, as well as further undermining worldwide investors' confidence in the UK". (more...)
Hong Kong protesters disrupt train services, cause commuter chaos Hong Kong protesters disrupt train services, cause commuter chaos
- July 31, 2019

Another man was charged with possession of an offensive weapon. The mass transit protests also follow a demonstration at the city's global airport on Friday and violent protests at the weekend when activists clashed with police who fired rubber bullets, tear gas and sponge grenades - a crowd-control weapon. (more...)

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