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German carmakers party under China cloud
FRANKFURT Flush with cash and confidence after years of rising sales, German carmakers are used to reaping industry-leading returns. But with Chinese demand abruptly slowing, the profit engine has begun to sputter, overshadowing the glitz of the Frankfurt auto show which opens on Tuesday. For the home team of BMW, Daimler and Volkswagen, as well as European rivals such as PSA Peugeot Citroen, China’s downturn also threatens […]
AT&T Rolls Out ZTE Mobley Wi-Fi In-Vehicle Hot Spot
It’s the first plug-in vehicle Wi-Fi hotspot to hit the market — at least the first from AT&T. The wireless giant has tag-teamed with ZTE USA to offer ZTE Mobley, which launches on September 11 in AT&T brick-and-mortar and online stores. Packing a a powerful punch, the ZTE Mobley allows you to connect up to five devices to the Internet. You can use the hotspot data plan […]
Automakers, Google take different roads to automated cars
DETROIT From his laboratory at Pittsburgh’s Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar says self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come. More than 2,500 miles west in Mountain View, California, Chris Urmson, head of Google Inc’s self-driving car program since 2009, has a different view: A fully automated vehicle that requires no input or intervention from humans is […]
Predicting first ‘Made in China’ global crisis
|By Matein Khalid| A month ago, I published a column predicting history’s first Made in China global recession. Wall Street finally agreed with me last week after we witnessed the most brutal crash in global equities since October 2008. I have predicated a 20% fall in US equities several times in the last three months and the 1000 point drop in the Dow last week only reinforces […]
Tesla engineer joins Apple's growing team of automated car experts
Customers stand beneath an Apple logo at the Apple store in Grand Central station in New York City, July 21, 2015. Reuters/Mike Segar DETROIT/SAN FRANCISCO Consumer electronics company Apple Inc (AAPL.O) has hired a senior engineer from electric car maker Tesla Motors Inc (TSLA.O), according to a LinkedIn posting, as part of Apple’s effort to build a team of experts in automated driving. A LinkedIn profile for […]
Insight – Apple, BMW in courtship with an eye on car collaboration
FRANKFURT/SAN FRANCISCO BMW (BMWG.DE) and Apple (AAPL.O) may rekindle a courtship put on hold after an exploratory visit by executives of the world’s top maker of electronic gadgets to the headquarters of the word’s biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW’s headquarters last year and senior Apple executives toured the carmaker’s Leipzig factory to learn how it manufactures the i3 electric […]
Insight – Car dashboards that act like smart phones raise safety issues
SAN FRANCISCO When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. But are they really a good idea? Car companies answer with an emphatic yes. They say outsized dashboard displays that behave more like smart phones will boost revenue and attract buyers. And they also insist the new screens will […]
OneWeb sets record launch plan after $500 million funding
Sunil Bharti Mittal, chairman of Bharti Enterprises, speaks during the India Economic Summit 2014 at the World Economic Forum in New Delhi November 6, 2014. Reuters/Anindito Mukherjee/Files MUMBAI/CAPE CANAVERAL Privately owned OneWeb announced what it called the world’s largest commercial rocket deal on Thursday after raising $500 million from a group of global investors to support its plans to bring broadband to billions of people via satellite. […]
Apple car on its way
Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said. The timeframe — automakers typically spend five to seven years developing a car — underscores the project’s aggressive goals and could set the stage for a battle for customers with Tesla Motors Inc. and General […]
20 Years of Jordan, Israeli Peace: Palestine Still A Deal Breaker
Twenty years after Israel and Jordan signed a historic peace agreement, the absence of progress toward an independent Palestinian state continues to weigh heavily on ties between the two Middle East neighbors. Widespread public sentiment in Jordan to downgrade relations over Israeli policy for the Palestinians makes it awkward for government officials to openly embrace Israel. But at a Tel Aviv ceremony marking the treaty anniversary on […]
IMF Says Less Concerned About Frothy Dubai Housing Market
IMF Middle East director Masood Ahmed says risks associated with Dubai’s property market have decreased, in part due to steps taken by local authorities to stamp out speculation. Reuters A recent surge in Dubai real estate prices has become less of a worry for the International Monetary Fund, its Middle East director said Monday, reversing his earlier calls for additional reforms to prevent another market bubble. An […]
Microsoft Plans Flagship Store on NYC’s Fifth Avenue
While Microsoft has had retail stores across the U.S. for many years now, it has not had a prestigious address that could compete with rival Apple’s store on New York’s Fifth Avenue. That will soon change. Microsoft said Monday it had signed a lease to open a flagship store at 677 Fifth Avenue. That will put it just blocks away from Apple’s famed location beneath the giant, […]
Muted Gulf Region Response for Obama Speech
There was a muted response across the Gulf region early Thursday to a decision by President Barack Obama to begin U.S. airstrikes in Syria and expand the campaign in Iraq to destroy Islamic State. Arab states of the Gulf Cooperation Council have previously expressed skepticism of U.S. rhetoric for further intervention against Islamic State, without knowing the full details of U.S. participation or the role expected of […]
Hollande: France Ready to Play ‘Full Part’ in Possible Iraq Action
PARIS– France is “ready to play a full part” in actions to protect and help civilians in Iraq from attacks from the militant group that calls itself Islamic state, French President Francois Hollande‘s office said Friday in a statement. France will discuss possible actions in Iraq with the U.S. and its partners to end civilians’ sufferings, the statement said. Mr. Hollande welcomed U.S. President Barack Obama‘s decision to […]
