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Uber steers toward blockbuster IPO as road looks rocky

Publication date 12 April 2019 | 15:21 | ICT

UBER could become a $100 billion company with a massive share offering that will be a bellwether for tech start-ups looking toward Wall Street.

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  • China’s Huawei launches AI computing platform Atlas

    Publication date 12 April 2019 | 14:38 | ICT

    CHINESE telecom equipment maker Huawei Technologies Co Ltd launched an AI computing platform in Shenzhen on Wednesday, as the tech giant beefs up efforts to enhance its intelligent computing capability to help industries turn “digital and smart”.

  • Capitol Hill grills big US bank CEOs

    Publication date 12 April 2019 | 14:37 | ICT

    THE CEOs of giant US banks were grilled on Wednesday on their swelling pay packages, commitment to diversity and other hot-button issues in the industry’s biggest congressional once-over since the financial crisis.

  • World Bank reviews Nepali, regional remittances

    Publication date 12 April 2019 | 11:55 | ICT

    NEPALI migrant workers sent home $8.1 billion last year, making it the 19th biggest beneficiary of funds sent by migrants around the world, according to a report released by the World Bank earlier this week.

  • Tbong Khmum rubber processing factory approved by the CDC

    Publication date 12 April 2019 | 10:23 | ICT

    The Council for the Development of Cambodia (CDC) announced on its Facebook page on Thursday that it had approved a $2.7 million rubber processing factory in Tbong Khmum province.

  • Guangbo Group Stock to open stationery and sports products factory

    Publication date 12 April 2019 | 08:09 | ICT

    Chinese-based Guangbo Group Stock Co Ltd plans to open a stationery and sports products factory in the Kingdom, following a successful meeting on Tuesday between the group’s president Wang Liping and Cambodian Minister of Commerce P

  • Poverty main focus, says new World Bank chief

    Publication date 11 April 2019 | 14:30 | ICT

    NEWLY-INSTALLED World Bank President David Malpass spent his first day at the global lender on Tuesday hammering home the message that the most urgent issue facing the bank is addressing global poverty.

  • European stocks see climb before crunch Brexit summit

    Publication date 11 April 2019 | 14:27 | ICT

    EUROPE’S major stock markets rose on Wednesday before a crucial EU Brexit summit and a European Central Bank interest rate decision.

  • Vietnam, Netherlands look to boost economic cooperation

    Publication date 11 April 2019 | 14:01 | ICT

    The governments of Vietnam and the Netherlands need to continue removing barriers to help businesses boost trade cooperation, said Netherlands Prime Minister Mark Rutte at a meeting with Vietnamese Deputy Prime Minister Vuong Dinh H

  • China opens new border crossing with North Korea

    Publication date 11 April 2019 | 13:16 | ICT

    A Chinese city has opened a new border crossing with North Korea – fitted with radiation detectors – even as talks between Washington and Pyongyang have languished over disagreements for nuclear sanctions relief.

  • Standard Chartered to pay $1.1B Iran sanctions settlement

    Publication date 11 April 2019 | 11:10 | ICT

    Standard Chartered will pay $1.1 billion to settle charges it processed transactions that violated US sanctions on Iran and flouted anti-money laundering requirements, US and British regulators announced on Tuesday.