• EU committed to free-trade pact with India

      EU committed to free-trade pact with India

      The European Union and India are "fully committed" to secure free trade agreement with discussions being currently on between the two sides, EU official says. The negotiations for the much-delayed pact, officially called the Bilateral Trade and Investment Agreement (BTIA), have been held up since May 2013, but have also witnessed many hurdles.

    • Comcast outbids Fox for Sky

      Comcast outbids Fox for Sky

      American cable giant Comcast outbid 21st Century Fox and its powerful backer, Disney with a winning bid of about $40bn for control of European broadcaster Sky following an extraordinary, three round auction managed by UK's Takeover Panel. In the auction's final round, each company had to submit a "sealed" offer, which was made public Saturday evening by the Takeover Panel. The battle is over 61% control of Sky since 21st Century Fox already owns the other 39%.

    • Alibaba is stepping up its game

      Alibaba is stepping up its game

      Alibaba AI Labs, an artificial intelligence (AI) division of Chinese e-commerce giant Alibaba Group Holding Ltd., announced yesterday that it will launch service robots for the hospitality sector in the coming October to raise its stakes in the booming AI industry. According to the official announcement that was made at “The Computing Conference 2018” in Hangzhou, the site of Alibaba’s headquarters, the labs’ service robots will be able to handle tasks from delivering meals to taking laundry to guests.

    • Google allows developers to collect your Gmail data

      Google allows developers to collect your Gmail data

      The search giant Google, whose Gmail is used by around 1.4bn people, admitted on Thursday that it continues to allow third party developers to create apps aimed at accessing and scanning users’ email account messages  to collect information. Among the data these app developers seek is the name of products you buy, which friends and co-workers you communicate with the most, and the name of places where you travel. Yet, it remains unclear how many developers have been caught violating its email-scanning rules and whether the marketing companies are taking advantage of consumers' accounts.

    • Adobe snars Marketo for almost $5bn

      Adobe snars Marketo for almost $5bn

      A week ago rumors were flying that Adobe would be buying Marketo, and today Adobe officially announced the purchase of the marketing automation firm from private equity company Vista Equity Partners for $4.75bn. After Adobe bought Magento in May for $1.6bn, the deal now gives the tech giant a strong position in enterprise marketing as it competes with Salesforce, Microsoft, Oracle and SAP.

    • US sanctions China for buying Russian weapons

      US sanctions China for buying Russian weapons

      Trump's administration imposed sanctions on the Chinese military on Thursday over its purchase of Russian military jets and surface-to-air missiles, which contravenes a sweeping US sanctions law punishing Moscow for meddling in the 2016 US election. The sanctions are reportedly related to China's recent purchase of 10 Russian Sukhoi Su-35 fighter jets and S-400 surface-to-air missile system-related equipment.

    •  Turkish FinMin unveils new economic programme

      Turkish FinMin unveils new economic programme

      Turkey's new economic programme based on three fundamental grounds - stabilization, discipline and transformation - was introduced on Thursday. Treasury and Finance Minister Berat Albayrak said the country will activate a comprehensive set of economic policies. "Public Finance Transformation and Change Office has been established under the new economic program," Albayrak said. "We will use all necessary policies and measures to overcome economic challenges. We expect a stabilization process for next year and 2020, so the new economic programme aims a 2.3% economic growth in 2019," he added.

    • Global growth may have peaked, OECD says

      Global growth may have peaked, OECD says

      Expansion of global growth "may have peaked" according to the Organization for Economic Co-operation and Development (OECD). In its latest interim outlook released Thursday, the OECD has projected global growth to settle at 3.7% in both 2018 and 2019. That level sits just below levels recorded prior to the financial crisis ten years ago. The OECD said trade growth, the engine behind the global upswing in recent years, had slowed this year to around 3% from 5% in 2017 as tensions between the United States and its major trade partners weighed on confidence and investment.

    • China boosts investments  in Serbia

      China boosts investments in Serbia

      Belgrade and Beijing agreed on a $3bn package of economic investments and military purchases which will boost China's growing influence in Serbia, BalkanInsight reported on Tuesday. The deals were signed during President Aleksandar Vucic visit in Beijing. “We will be the port for Chinese investments throughout the region,” Vucic told reporters after his meeting with Chinese President Xi Jinping.

    • Alexa moves into home appliances space

      Alexa moves into home appliances space

      Can you imagine a microwave with a virtual assistant built-in? Well, by 2019 such a crazy idea may become reality as Amazon is gearing up to release up to eight new Alexa devices which will invade home appliances space before the end of this year. Among those could be a microwave oven, a subwoofer, an amplifier, and an "in-car gadget." They would reportedly have Alexa built in, or have easy access to the virtual assistant (likely over an Internet connection).