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Hyundai Motor hires former GM researcher to lead self-driving car center

February 13, 2017 by · Leave a Comment 

Hyundai Motor Group has hired a former General Motors researcher to oversee its center to develop fully autonomous vehicles, joining other automakers and Silicon Valley giants in accelerating efforts on the fast-growing technology. Lee Jin-woo, 47, who has previously led autonomous driving …

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Hyundai Motor hires former GM researcher to lead self-driving car center

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Greece says bailout deal close, but will not accept ‘illogical’ demands

February 11, 2017 by · Leave a Comment 

By Karolina Tagaris ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras said on Saturday he believed the country's drawn-out bailout review would be completed positively but repeated that Athens would not accept “illogical” demands by its lenders. Greece and its international lenders made clear progress on Friday toward bridging differences over its fiscal path in coming years, moving closer to a deal that …

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Greece says bailout deal close, but will not accept ‘illogical’ demands

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

February 11, 2017 by · Leave a Comment 

U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Speaking at the Warwick Economics Summit on Saturday, Fischer also said he thought Dodd-Frank financial regulation would not be repealed as a whole, and he hoped capital requirements for banks would not be significantly reduced.

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‘Significant uncertainty’ about fiscal policy under Trump: Fed’s Fischer

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Russia to decide in April-May if global oil deal should be extended: TASS

February 11, 2017 by · Leave a Comment 

MOSCOW (Reuters) – Russia will decided in April or May whether an agreement on global oil output cuts between OPEC and non-OPEC producers, set to end on June 31, should be extended, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Saturday.

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Russia to decide in April-May if global oil deal should be extended: TASS

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FBI agent explores how social engineering attacks get a boost from social media

February 7, 2017 by · Leave a Comment 

Cybercriminals use social networking outlets to tailor their social engineering attacks, increasing their chance of success. A solution is in the works to mitigate the effects of these threats.

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FBI agent explores how social engineering attacks get a boost from social media

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Qatar Airways expects Trump’s travel ban to be relaxed: report

February 7, 2017 by · Leave a Comment 

Qatar Airways Chief Executive Akbar Al Baker on Tuesday said he expected U.S. President Donald Trump would eventually relax a travel ban targeting seven predominantly Muslim countries, New Zealand media reported. The travel ban, Trump's most controversial act since taking office last month, was halted temporarily on…

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Qatar Airways expects Trump’s travel ban to be relaxed: report

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U.S. government agency sued over sale of ‘certified’ used cars

February 7, 2017 by · Leave a Comment 

The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission (FTC) on Monday for allowing used cars to be advertised as “certified” or safe despite being the target of an outstanding safety recall. The FTC reached an agreement in January 2016 with General Motors Co and two dealership companies, Jim Koons Management and Lithia Motors Inc , that allows them to advertise cars as “certified pre-owned vehicles” even though they might have an issue …

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U.S. government agency sued over sale of ‘certified’ used cars

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Starbucks in crosshairs as Mexico boycott campaign simmers

January 28, 2017 by · Leave a Comment 

Seeking to quell a social media campaign imploring Mexicans to boycott U.S. companies, Starbucks defended itself on Friday, saying it had invested millions in the country, created more than 7,000 jobs, and that its local unit is Mexican-owned. The statement came after disparate social media campaigns directed at U.S. companies based in Mexico gained …

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Starbucks in crosshairs as Mexico boycott campaign simmers

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UBS hopes Trump-led rally will help boost wealth management

January 27, 2017 by · Leave a Comment 

UBS hopes a Donald Trump-inspired rally in the United States will help boost earnings at its struggling wealth management business after posting a 47 percent fall in full-year net profit. With profit from its core wealth management business under pressure, the bank pointed to growing investor confidence in the United States towards the end of 2016 as a …

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UBS hopes Trump-led rally will help boost wealth management

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Microsoft profit up as demand for cloud service soars

January 27, 2017 by · Leave a Comment 

Microsoft Corp reported a 3.6 percent rise in fiscal second-quarter profit on Thursday, helped by growth in its fast-growing cloud computing business, but it saw a slight decline in margins in the unit that includes its flagship cloud platform Azure. Since taking charge in 2014, Chief Executive Satya Nadella has…

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Microsoft profit up as demand for cloud service soars

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