The dollar snapped a six-day losing streak to add 0.2% on Thursday, the first trading day of 2020, pushing the euro off five-month highs while the offshore yuan shrugged off reserve ratio cuts that could add $115 billion worth of liquidity.
Investors who take an interest in Abeona Therapeutics Inc. (NASDAQ:ABEO) should definitely note that insider Stefano… …read more […]
(Bloomberg) — Artificial intelligence can spot breast cancer more accurately than doctors, according to a study by Google Health.The technology’s reading of mammograms reduced both false positives, where healthy patients are mistakenly diagnosed with the disease, and false negatives, where the cancer is missed, the Alphabet Inc. unit said in a blog post on Wednesday. The system reduced false positives by 5.7% in the U.S., according to data from more than 28,000 mammograms performed there and in the U.K.Artificial intelligence is particularly good at reading scans, often outperforming experts. Last year, Google published research that showed how the technology could …read more […]
Ousted Nissan boss Carlos Ghosn decided to flee Japan after learning that his trial had been delayed until April 2021 and also because he had not been allowed to speak to his wife, sources close to Ghosn said on Thursday.
Turkish police detained seven people including four pilots on Thursday in an investigation of how ousted Nissan boss Carlos Ghosn touched down in Istanbul as he fled Japan en route to Lebanon, according to broadcaster NTV.
Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW’s diesel cars.
Volkswagen on Thursday said it was in talks to discuss a settlement with German vehicle owners who are suing the carmaker over excessive pollution caused by VW’s diesel cars. In 2015 the carmaker admitted to using manipulated engine management software to mask excessive pollution levels in its diesel cars, sparking a raft of prosecutions and lawsuits that have led to at least 30 billion euros in legal costs and fines. “Volkswagen and the Federation of German Consumer Organisations vzbv have agreed to enter into discussions regarding a possible settlement,” the carmaker said. …read more […]
Turkish police have detained seven people, including four pilots, over the transit of ousted Nissan boss Carlos Ghosn through Turkey after fleeing Japan on his way to Lebanon, broadcaster NTV said on Thursday.
South Korea’s Hyundai Motor and affiliate Kia Motors turned in their lowest sales in seven years in 2019 as business in China slumped, missing their target for a fifth straight time, but forecast better numbers for 2020.
(Bloomberg) — The battle over the Thai baht intensified in the new year, with the currency dropping sharply even before domestic markets opened.The baht plunged as much as 1.8% on Thursday, the biggest decline since 2007, to 30.226 against the dollar in early Asia trading. That almost erased all the gains it made in the past three sessions. The currency was trading at about 30.11 against the dollar as of 8:31 a.m. London time.“It’s likely to be central bank intervention given that the central bank has mentioned that they’ll be fighting against baht strength,” said Mingze Wu, a foreign-exchange trader …read more […]
Turkish police have detained several people after the interior ministry launched a probe into the transit of ousted Nissan boss Carlos Ghosn, who after fleeing Japan stopped in Turkey on his way to Lebanon, broadcaster NTV said on Thursday.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also… …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Tullow Oil Plc discovered light oil at its Carapa-1 well in Guyana, but the reservoir was smaller than the troubled company had expected prior to drilling. Shares fell 17%.The independent oil producer’s first discovery of the new year comes after a calamitous 2019 in which shares fell 64% and the chief executive officer and exploration chief stepped down. The commercial viability of Tullow’s previous offshore discoveries in Guyana remains in doubt after the reservoirs were found to contain heavy oil.“The Carapa-1 result …read more […]
Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan ($7.18 billion) in artificial intelligence and fifth generation internet technologies over the next five years, as competition in the sector grows. Xiaomi Chief Executive Lei Jun made the announcement in a letter posted on the company’s social media account on Thursday, but did not provide specific investment details. “We need to turn our continuous advantage we have in AIoT and intelligent life into absolute victory in intelligent full scene, and completely cement our king status in the smart era,” Lei said, using the acronym for artificial …read more […]
German automotive supplier Robert Bosch said Thursday it has developed a sensor that lets cars “see” a three-dimensional view of the road, aiming to lower the cost of technology that could speed the development of self-driving vehicles.
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