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Monthly Archives: June 2018

United Arab Emirates gives Ethiopia $1 billion lifeline to ease foreign exchange crisis

Minasse Wondimu Hailu/Anadolu Agency | Anadolu Agency | Getty Images Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan (L) meets Ethiopian Prime Minister Abiy Ahmed (R) at National Palace in Addis Ababa, Ethiopia on June 15, 2018. The United Arab Emirates (UAE) is to deposit $1 billion in …

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Supreme Court mulls Apple’s App Store commissions in antitrust case

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. The U.S. Supreme Court on Monday agreed to take up Apple’s bid to escape a lawsuit accusing …

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China, Middle East are spending on Sudan, but US policy is ‘confused’

Kayhan Ozer | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan (C) and Sudanese President Omar Al-Bashir (R) visit in Port Sudan on December 25, 2017. Since the U.S. lifted long-standing sanctions on Sudan last October, foreign investors’ interest has started to trickle in, an expert on the …

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UK defence committee report says country at risk of being outgunned by Russia

Matt Cardy | Getty Images Britain’s new aircraft carrier HMS Queen Elizabeth is seen anchored in the dockyard on June 8, 2018 in Portsmouth, England. A group of British lawmakers has warned that unless the country raises spending on defense, it runs the risk of being “outgunned” by Russia. The …

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Mass facial recognition boom led by the Chinese government will mean big money for Nvidia, UBS says

Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the NVIDIA Volta GPU computing platform at his keynote address at CES in Las Vegas, January 7, 2018. Nvidia shares will rise as the chip maker benefits from governments using artificial intelligence technology to monitor its citizens, according to a …

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Goldman Sachs still sees oil rallying over $80 despite concerns over OPEC meeting

Akos Stiller | Bloomberg | Getty Images Khalid Bin Abdulaziz Al-Falih, Saudi Arabia’s energy minister and president of OPEC, speaks during a news conference following the 172nd Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, May 25, 2017. Goldman Sachs still expects the price of oil …

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Lufthansa in contact with Norwegian Air, CEO says

Getty Images Lufthansa airplanes at waiting position on the first of a two-day strike at Frankfurt Airport on November 23, 2016 in Frankfurt, Germany. Lufthansa is in contact with Norwegian Air Shuttle, also the subject of bid interest from British Airways owner IAG, the German group’s chief executive told a …

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Google to invest $550 million into China’s JD.com

Qilai Shen | Bloomberg | Getty Images A woman stands next to signage incorporating the logo of JD.com, and the company’s mascot ‘Joy,’ at the company’s headquarters in Beijing, China. Tech giant Google said Monday it will invest more than half a billion dollars in China’s second-largest e-commerce player, JD.com. …

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Where are oil prices headed?

Omar Marques | SOPA Images | LightRocket | Getty Images The logo for the Organization of the Petroleum Exporting Countries is seen on Nov. 29, 2017. The world’s top oil producers are set to meet at the end of this week and markets are paying close attention. Analysts expect members …

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Siemens wins $2 billion contract to build new London Tube trains

Alberto Pezzali | NurPhoto | Getty Images Daily life is seen on the London Underground stations in London on September 29, 2017. Germany’s Siemens has been awarded a contract worth about £1.5 billion ($2 billion) to design and build 94 new generation trains for the Piccadilly Line on London’s metropolitan …

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