Wed10182017

LAST_UPDATEWed, 18 Oct 2017 3pm

Boeing Passenger Jets Have Falsely-Certified Kobe Steel Products: Source

Pic: ReutersTOKYO: Boeing Co, the world’s biggest maker of passenger jets, has used Kobe Steel products that include those falsely certified by the Japanese company, a source with knowledge of the matter told Reuters.

Read more: Boeing Passenger Jets Have Falsely-Certified Kobe Steel Products: Source

Richard Branson Takes Another Bet On The Future With Hyperloop One

Pic: ReutersBritish billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems.

Read more: Richard Branson Takes Another Bet On The Future With Hyperloop One

Wall Street Slips As Banks Fall After Results, AT&T Sinks

NEW YORK: U.S. stocks retreated from recent record highs on Thursday as AT&T shares sank after it said it lost subscribers in the last quarter and banks slipped following results from JPMorgan and Citigroup.

Read more: Wall Street Slips As Banks Fall After Results, AT&T Sinks

Dollar Treads Water As Investors Await U.S. Inflation Data

TOKYO: The dollar steadied in early Asian trading on Friday, on track for weekly losses as investors awaited U.S. inflation data to gauge the likelihood that the Federal Reserve will stick to its plan to raise interest rates again this year.

Read more: Dollar Treads Water As Investors Await U.S. Inflation Data

PETRONAS Builds Hostel On Pulau Balambangan

KUDAT -- Petroliam Nasional Berhad (Petronas) will build a hostel on Pulau Balambangan as one of the company’s corporate social responsibility projects to boost the quality of the pupils’ education on the island.

Read more: PETRONAS Builds Hostel On Pulau Balambangan

Tesla To Recall 11,000 Model X SUVs Due To Seat Issue

Electric carmaker Tesla Inc (TSLA.O) is recalling 11,000 Model X sport utility vehicles worldwide due to a faulty locking mechanism in their rear seats that raises the risk of the seats falling forward in a crash.

Read more: Tesla To Recall 11,000 Model X SUVs Due To Seat Issue

Samsung Scion's Defense Fights Back As Legal Appeal Begins

Pic: Reuters

SEOUL: The heir to South Korea’s Samsung Group appeared in a packed court on Thursday for the first day of arguments in the appeal of his five-year jail term for corruption.

Read more: Samsung Scion's Defense Fights Back As Legal Appeal Begins

Alphabet's Waymo Demanded $1 Billion In Settlement Talks With Uber

Pic: Reuters

SAN FRANCISCO: Alphabet Inc’s Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters.

Read more: Alphabet's Waymo Demanded $1 Billion In Settlement Talks With Uber

Alibaba To Invest $15B Into Artificial Intelligence, Other Futuristic Tech

Alibaba announced Wednesday it will invest $15 billion over the next three years into "cutting-edge technology" including quantum computing and artificial intelligence.

Read more: Alibaba To Invest $15B Into Artificial Intelligence, Other Futuristic Tech

Green Sukuk, A Great Alternative Financing Besides GTFS -- Ongkili

Datuk Seri Maximus Johnity Ongkili.

KUALA LUMPUR -- Shariah-compliant sukuk is another great option to finance green technology investments in renewable energy and other environmental assets, said Energy, Green Technology and Water (KeTTHA) Minister, Datuk Seri Maximus Johnity Ongkili.

Read more: Green Sukuk, A Great Alternative Financing Besides GTFS -- Ongkili