Markets

WASHINGTON: US consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year. But the report from the Labour Department on Wednesday (Jun 12) will likely not shift Fed officials' ...

China's Huawei Technologies Co Ltd, the world's biggest telecoms equipment maker, argued on Wednesday that Washington should scrap plans to prohibit wireless companies from using U.S. government funds to buy Huawei gear for their networks.

NEW YORK: Wall Street stocks sagged for a second straight session on Wednesday (Jun 12), with petroleum-linked shares sinking with oil prices and banks falling on worries over economic growth. Analysts said ongoing trade tensions between the US and China continued to weigh on sentiment, as did ...

The first heavily automated mass-market vehicles for consumers could go on sale as soon as 2022, if one or more vehicle manufacturers adopt a new sub-US$500 lidar sensing package being developed by Silicon Valley startup Luminar.

Real estate billionaire Sam Zell and other former officers and directors of Tribune Co have reached a US$200 million settlement resolving allegations of fraudulent transactions related to the media company's disastrous 2007 leveraged buyout.

The senior Democrat on the Federal Communications Commission on Wednesday criticized the FCC's review of the proposed US$26.5 billion tie-up of Sprint Corp and T-Mobile US Inc, saying Republican commissioners moved toward approving the merger without adequate economic and legal analysis.

Germany has raised 6.55 billion euros (US$7.4 billion) in its auction of 5G mobile spectrum, the Federal Network Regulator (BNetzA) said on Wednesday after a contest lasting nearly three months that will see a fourth operator enter the market.

Comcast Corp will more than double its investment in European original programming and start an in-house studio at its European unit Sky after Sky's success with the mini-series "Chernobyl," the company said on Wednesday.

REUTERS: Facebook Inc emails appear to show Chief Executive Officer Mark Zuckerberg's involvement in discussions about its much criticized privacy practices, the Wall Street Journal reported https://www.wsj.com/articles/facebook-worries-emails-could-show-zuckerberg-knew-of-questionable-privacy ...

Rival proposals for European patent guidelines covering technology vital for building self-driving cars and internet-linked vehicles have set tech firms and carmakers on a collision course.