China electric car startup Nio raises over $1 billion from Tencent

People gather at the booth of Chinese electric vehicle start-up Nio as it unveils its ES8 SUV at the Shanghai autoshow, in Shanghai, China April 19, 2017. REUTERS/Aly Song/File PhotoChinese electric vehicle startup Nio has raised more than $1 billion in its latest fundraising round, led by existing investor Tencent Holdings Ltd, valuing the firm at about $5 billion, two

Wall Street slumps on fears of delay in tax-cut plan

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 8, 2017. REUTERS/Brendan McDermidUS stocks hit session lows in early afternoon trading on Thursday and the Dow shed over 200 points on rising concerns that a Senate Republican tax plan may delay corporate rate cuts by a year.The S&P was on track to

Saudi Aramco signs engineering and construction deals worth $4.5 billion

Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji/File PhotoSaudi Aramco signed agreements on Thursday worth $4.5 billion with firms from Europe, the United States, China and the United Arab Emirates for work on a range of oil and gas development projects, mostly aimed at boosting gas production.Saudi

Kindle with your kale? Amazon to open shops in Whole Foods

You may see more of Amazon inside Whole Foods soon: The online retailer, which has already been selling its voice-activated Echos at Whole Foods, will start to sell Kindles, Fire tablets and other Amazon devices at its grocery stores.The move gives Amazon, which bought Whole Foods this summer, another place where shoppers can touch or try out its gadgets during

Boeing books order for two new Air Force One jets

Air Force One with U.S. President Donald Trump and first lady Melania on board arrives at Beijing airport, China, November 8, 2017. REUTERS/Thomas PeterBoeing Co (BA.N) said on Thursday it had formally booked an order for two 747 jumbo jets that will become aircraft for the U.S. president.The U.S. Air Force wants the jets to be available for use starting

Wal-Mart gears up to compete on Black Friday

Wal-Mart Stores Incsaid on Thursday its U.S. stores will feature color-coded sections for different product categories on Black Friday, as it prepares to compete for shoppers on one of the busiest shopping days of the year.An employee scans items at a cash register at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Tuesday, Aug. 8, 2017. File Photo:

Economic Watch: China's inflation on solid growth as economy stabilizes

File Photo: VCGChina reported mild consumer inflation growth in October while producer prices posted a strong increase, beating market forecasts.The consumer price index (CPI) rose 1.9 percent year on year in October,up from September's 1.6 percent, the National Bureau of Statistics (NBS) said in a statement.This was the biggest increase in nine months, but was still considered moderate compared to

AfricaCom 2017 highlights Chinese ICT firms

Cape Town - AfricaCom 2017, the biggest African telecoms and technology exhibition, began on Tuesday in Cape Town, South Africa.The three-day event includes more than 13,000 delegates and at least 400 ICT and high tech companies around the world to showcase their new products and services.The theme of AfricaCom’s 20th exhibition is “The place to shape Africa’s digital future.”Many Chinese launches smart, unmanned shelves platform, an online-to-offline platform under e-commerce giant, announced the launch of its new generation of smart unmanned shelves, JDDJ Go, according to a statement the company sent to the People’s Daily on Thursday.Equipped with advanced technologies such as artificial intelligent, big data, biological recognition and Internet of Things, the unmanned shelves are expected to make their debut in more

Wall Street hits high score as videogame makers rally

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., November 1, 2017. REUTERS/Lucas JacksonWall Street closed at a record high on Wednesday as videogame makers rallied and Apple’s market value climbed above $900 billion.Take-Two Interactive Software jumped 10.58 percent after the videogame maker offered a stronger-than-expected revenue forecast for

M&S swaps comfort food for tougher diet

Customers pay for their purchases at a Marks & Spencer store in Brussels, Belgium September 4, 2015. REUTERS/Yves Herman/File PhotoFirst everyday socks lost their charm, now it’s melt-in-the-middle chocolate puddings. British retailer Marks & Spencer will speed up closures of its clothing stores, aiming to move sales online. But the usually reliable food business is looking a bit off, too.Pre-tax

Airbus trails Boeing in orders heading into Dubai showdown

The logo of Airbus Group is seen on the company's headquarters building in Toulouse, Southwestern France, April 18, 2017. Photo: REUTERS/Regis DuvignauAirbus (AIR.PA) sold 24 aircraft and delivered 63 in October, leaving it well behind rival Boeing in the hunt for new orders going into next week’s Dubai Airshow, but on course to reach its recently softened target of 700

PayPal starts payment services in India

The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. Photo:REUTERS/Thomas White/IllustrationPayment processor PayPal Holdings Inc (PYPL.O) on Wednesday launched domestic operations in India, a market already dominated by China’s Alibaba-backed (BABA.N) PayTM, the country’s leading digital payments firm.PayPal’s entry in the Indian market comes as a push for cashless transactions by the

Bitcoin hits record high after developers suspend plans to 'fork' currency

Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration picture, November 6, 2017. Photo: REUTERS/Dado RuvicBitcoin hit a record high just shy of $8,000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in two.In an email on Wednesday, the lead

US Dept. of Justice pushing AT&T to sell its CNN cable for antitrust concerns

The AT&T logo is pictured on a building in Los Angeles, California, U.S. August 10, 2017. Photo: REUTERS/Mike BlakeThe U.S. Department of Justice is pushing AT&T Inc (T.N) to sell its CNN cable network to satisfy antitrust concerns over its purchase of Time Warner Inc (TWX.N), the Financial Times reported on Wednesday, citing sources it said had direct knowledge of

China’s largest online retailer to buy Montana beef

China’s largest online retailer has signed a deal with the Montana Stockgrowers Association to buy $200 million worth of Montana beef over the next three years and to build a $100 million slaughterhouse in the state.The Billings Gazettereportsthe agreement came after Chinese Ambassador Cui Tiankai toured a Gallatin County ranch with U.S. Sen. Steve Daines. It was announced Tuesday when

Nepal recovers 'most' of the money hacked from bank

Nepalese people travel on a rickshaw after public transportation was halt during a countrywide strike against the Nepali government and police in Kathmandu December 19, 2011. Photo: REUTERS/Navesh ChitrakarA bank in Nepal has recovered most of the money stolen after its SWIFT server was hacked last month, two officials, involved in the investigation of the Himalayan nation’s first reported cyber

Sweden seeks to buy $1 billion U.S. Patriot air defense missile system

People pass the U.S. defense company Raytheon stand at an international military fair in Kielce, Poland September 7, 2017. Photo: REUTERS/Kacper PempelSweden will start negotiations on a $1.2 billion Raytheon Co Patriot air defense missile system, as interest in missile defense systems strengthens amid heightened regional tensions and ballistic missile technology improves globally.The Swedish government said on Tuesday negotiations with

HNA's top shareholder to name ex-German minister as its CEO

Photo: ReutersHNA Group’s [HNAIRC.UL] largest shareholder, Hainan Cihang Charity Foundation Inc, is set to appoint former German economy minister and vice chancellor Philipp Roesler as its chief executive, according to a person familiar with the matter.Bloomberg, which had earlier reported the proposed appointment, added that it could be made in the coming weeks.Earlier on Tuesday China’s heavily indebted airline-to-property conglomerate

Snap's shares tumble as user growth falls short of expectations

A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Photo: ReutersSnapchat-owner Snap Inc (SNAP.N) on Tuesday reported slower user growth than Wall Street expected and said it was

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