Google co-founder and Alphabet CEO Larry Page’s autonomous flying taxi company unveiled its commercial plane called Cora late on Monday. In 2016, Page invested in two flying car start-ups. One of those was Kitty Hawk, which is developing Cora. Last year, the company released footage of a prototype aircraft that […]
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Saudi Aramco’s international listing is said to be looking increasingly problematic
Saudi Arabia‘s state-owned oil behemoth is increasingly looking to just float locally, as plans to list on an international exchange hang in the balance, Reuters reported, citing sources close to the matter. Saudi Aramco had planned to begin trading on the country’s domestic stock market — the Tadawul — and […]
Companies in Asia have been supplying luxury goods to North Korea despite sanctions: Report
Two Singapore companies and others in Asia have been supplying luxury goods to North Korea hence violating sanctions, according to a leaked United Nations draft report, the BBC reported on Tuesday. Both the UN as well as Singapore prohibit the sale of luxury goods to the communist state, and Singapore’s […]
Microsoft women filed 238 internal discrimination and harassment complaints between 2010 and 2016
Women at Microsoft Corp working in U.S.-based technical jobs filed 238 internal complaints about gender discrimination or sexual harassment between 2010 and 2016, according to court filings made public on Monday. The figure was cited by plaintiffs suing Microsoft for systematically denying pay raises or promotions to women at the […]
The EU could join forces with countries outside Europe to strike back against Trump tariffs
The European Union should unite in response to any U.S. tariffs on its steel and aluminium exports — and it could retaliate alongside nations from outside Europe, the French economy and finance minister told CNBC. “I think the first is to have a common response from the member states from […]
How China could play a role in a Trump-Kim meeting
The world’s second-largest economy appears content to let U.S. President Donald Trump take the lead in the dialogue with North Korean dictator Kim Jong Un. But if talks hit a snag, Washington and Pyongyang may turn to Beijing for help. China, so far, has welcomed a planned meeting between Trump […]
A scandal is deepening around Japan’s Shinzo Abe, putting his future at risk
Until now, Japanese Prime Minister Shinzo Abe was widely expected to become the country’s longest-serving premier. Recent reports tying him to suspected cronyism could change that. For over a year, allegations have been flying that Abe and his wife Akie Abe granted political favors to a right-wing education group for […]
Japan will urge G20 to step up on preventing cryptocurrencies for money laundering
Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering, a government official with direct knowledge of the matter said. Finance ministers and central bankers of the Group of 20 major economies will meet in Buenos […]
China’s top economic adviser says profound party and government reforms are needed
Chinese President Xi Jinping’s top economic adviser, Liu He, said on Tuesday that the reform of China’s ruling Communist Party and government institutions will be profound. Liu He, a Harvard-trained economist who is a trusted confidant of Xi, has emerged as the front runner to be the next governor of […]
China’s top economic advisor says profound party and government reforms are needed
Chinese President Xi Jinping’s top economic advisor, Liu He, said on Tuesday that the reform of China’s ruling Communist Party and government institutions will be profound. Liu He, a Harvard-trained economist who is a trusted confidant of Xi, has emerged as the front runner to be the next governor of […]