Investigators looking into the fatal Ethiopian Airlines crash involving a Boeing 737 Max plane are said to have reached a preliminary conclusion that an anti-stall system on board misfired, the Wall Street Journal reported Friday. Based on data retrieved from the flight’s black boxes, the stall prevention system — known […]
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Why one billionaire says there’s ‘no way’ he’ll list his education business on the stock market
Malaysia’s multi-pronged real estate business Sunway Group has three public listings to its name. But what you’ll never find listed on any stock exchange is its education arm. That’s despite Sunway Education’s links to well-known institutions like Le Cordon Bleu culinary institute and Australia’s Monash University. “Right from the beginning, […]
Global automakers are lining up to buy Fiat Chrysler. Here’s why
Fiat Chrysler grabbed the spotlight this week in the M&A rumor mill. Wall Street Journal revealed that French automaker Peugeot approached Fiat Chrysler Automobiles (FCA) about a potential merger earlier this year and then the Financial Times reported that Renault aims to merge with Japanese partner Nissan before making its […]
What Europe’s copyright overhaul means for YouTube, Facebook and the way you use the internet
If you’re an internet user in Europe, chances are the way you use platforms like YouTube and Facebook could be about to shift drastically in the coming years. The European Parliament recently passed sweeping changes to the EU’s almost two decades-old copyright rules, and critics are worried it could be […]
Worries about A.I. technology making fake news are a ‘little overhyped,’ says Salesforce scientist
Concerns over the artificial intelligence’s ability to spread disinformation may be overblown, according to one expert. “I think it’s a little overhyped,” Richard Socher, chief scientist at software firm Salesforce, told CNBC in an interview during his trip to Singapore. That’s because humans are already adept at creating fake news […]
Turkey’s lira is swooning again — just in time for nationwide elections
Turkey’s voters head to the polls on Sunday amid new, widespread worries about their currency, and with much at stake for investors in the country. Investor fears have roiled Turkey’s lira over the past 48 hours, sending shockwaves through the country of 80 million just days before nationwide local elections. […]
Southeast Asia should be aware of Iran’s tactics to evade oil sanctions: US official
The United States is keen to see that Malaysia, Singapore and others are fully aware of illicit Iranian oil shipments and the tactics Iran uses to evade sanctions, a top U.S. sanctions official said on Friday. Sigal Mandelker, under-secretary of the Treasury for Terrorism and Financial Intelligence, told reporters in […]
Top founders share these skills, says investor who backed Alibaba, Grab and Xiaomi
What makes the perfect start-up founder? It’s the billion-dollar question to which few, if any, know the answer. But one woman who comes closer than most is famed venture capitalist Jenny Lee, whose investments via Silicon Valley-headquartered GGV Capital have helped place her among Forbes’ top tech investors globally. Speaking […]
US, China resume trade talks in Beijing after ‘productive working dinner’
U.S. Treasury Secretary Steven Mnuchin said on Friday he had a “productive working dinner” the previous night in Beijing, kicking off a day of talks aimed at resolving the bitter trade dispute between the world’s two largest economies. Mnuchin and U.S. Trade Representative Robert Lighthizer were in the Chinese capital […]
Huawei tops $100 billion revenue for first time despite political headwinds
Huawei’s revenue grew 19.5 percent in 2018, surpassing $100 billion for the first time, despite continuing political headwinds from around the world. Sales came in at 721.2 billion yuan ($107.13 billion) last year. Net profit reached 59.3 billion yuan, higher by 25.1 percent compared to a year ago. The revenue […]