Daimler and BMW plan $1.1b Uber battle

Frankfurt, Munich. Daimler AG and BMW AG will invest more than 1 billion euros ($1.13 billion) to expand their merged car-sharing and ride-hailing operations to take on the likes of Uber Technologies Inc. and Lyft Inc. The investment by the two biggest luxury carmakers, who agreed to join their mobility offerings nearly a year ago, […]

Etisalat, Huawei complete testing of First Single-Wavelength 600G Trial Site

ABU DHABI The UAE telecom operator Etisalat recently announced that it collaborated with Huawei to complete the industry’s first testing of a single-wavelength 600G trial site. This trial promotes commercialisation of single-wavelength 600G technology, with great commercial application value. With emergence of new technologies and services such as cloud computing, big data, Internet of Things […]

Philippine central bank stays hawkish on policy

Manila. The Philippines central bank remains guarded on monetary policy and is keeping a hawkish bias, Deputy Governor Diwa Guinigundo said Friday, indicating it’s not ready to cut interest rates just yet. “We are more on the hawkish side in the sense that we recognise the risks on the market,” he said in an interview […]