Blog
China has resumed work on a set of banking cyber security regulations it suspended earlier this year, reviving a potential source of friction with the United States just weeks before Xi Jinping makes his first trip to Washington as China’s president, people with knowledge of the matter said. At a meeting last week in Beijing, officials from the China Banking Regulatory Commission (CBRC) told representatives from several Western technology companies,
By Matthew Stock A team of engineers from the University of Southampton launched a 3D printed unmanned aerial vehicle (UAV) from the bow of a Royal Navy warship in a bid to demonstrate the potential use of lightweight drones at sea. After being launched from HMS Mersey off the Dorset coast in the south of England, the UAV was flown autonomously on a pre-programmed route for a few before landing
Taxi-booking app GrabTaxi Holdings Pte Ltd said it raised over $350 million from investors including sovereign wealth fund China Investment Corporation, in the Southeast Asian company’s largest ever fundraising round. Other investors include hedge fund Coatue Management LLC and China’s mobile car-ride hailing company Didi Kuaidi, GrabTaxi said in a statement, adding that it would use the funds to expand its private vehicle hire and motorbike booking services and invest
Using a wireless brain scanner that reads both muscular and brainwave data, the system allows the user to manipulate the film’s structure. Creator Richard Ramchurn said the audience can subconsciously project their feelings onto the film and have these feelings visualized by the shape the film takes. Using a commercially available electroencephalography (EEG) headset from company NeuroSky, Ramchurn’s first prototype set out to prove the platform’s potential.
U.S. stocks traded lower after a wild trading session in China and ahead of the release of the Federal Reserve’s July meeting minutes.
Bond investing guru Bill Gross of Janus Capital Group Inc said in a tweet on Wednesday that the U.S. Federal Reserve will hike rates in September as financial market conditions take precedence over economic …
U.S. oil prices hit their lowest in almost six and a half years on Wednesday after U.S. data showed an unexpected rise in crude stockpiles. U.S. crude stocks were up 2.6 million barrels at 456.21 million barrels last week, the U.S. Energy Information Association (EIA) said. Stocks at Cushing, Oklahoma, the delivery point for U.S. crude futures, rose 326,000 barrels to 57.44 million.
Pope Francis is denouncing a global labor market that is interested only in profit and warning that unemployment causes enormous damage to society and families. Francis has been speaking out for months …
The latest on federal documents accusing longtime Subway pitchman Jared Fogle of engaging in sex acts with minors and receiving child pornography (all times local): 9:40 a.m. Federal prosecutors say longtime …
Taxi-hailing service Uber Technologies Inc said it plans to average more than 1 million rides a day in India over the next six to nine months, as it steps up investment in its business to take on local rival Ola. The company currently averages about 200,000 trips a day in India, according to industry sources. Uber India also said on Wednesday that its U.S.-based parent had received fresh investment from
