Citigroup to enter burgeoning consumer payments business
Citigroup Inc said on Tuesday it is developing a consumer-payments platform, in a move to enter the rapidly growing digital payments industry.
Fears of recession keep risk rebound in check
Calm returned to global markets on Tuesday, with gains on European and Asian bourses and a tick higher in benchmark bond yields helping to soothe nerves after a jarring few days dominated by worries of recession.
Huawei presents flagship smartphone in Paris during Chinese leader’s visit
Huawei, the world’s third-largest smartphone maker, presented its new flagship phone in Paris on Tuesday with the hope of making further gains in Europe, a region where its other products could face in-depth scrutiny for security reasons.
U.S. auto sales seen falling in March: J.D. Power, LMC Automotive
U.S. auto sales are expected to drop about 2.1 percent in March from a year earlier, partly due to bad weather, mixed economic data and lower tax refunds, according to industry consultants J.D. Power and LMC Automotive.
Ethiopian crash report likely to be released this week
A preliminary report on an Ethiopian Airlines crash will very likely be released this week, the country’s transport ministry said on Tuesday, as Boeing prepares to brief more airlines on software and training updates on the 737 MAX jet.
Innoviz, Ouster raise millions for self-driving lidar sensors
Self-driving technology continues to attract robust investment, as two tech startups, one in San Francisco and one near Tel Aviv, said this week they have raised nearly $200 million to support development and production of lidar sensors for automated v…
Adobe, Microsoft to take on Salesforce’s marketing software, with LinkedIn as a weapon
Adobe Inc and Microsoft Corp are partnering to bolster each other’s sales and marketing software capabilities, taking aim at common rival Salesforce.com Inc, they said on Tuesday.
OxyContin maker Purdue agrees to settle Oklahoma opioid case, source says
Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the maker of painkiller OxyContin of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday.
China not taking Boeing 737 MAX 8 airworthiness certificate applications
China’s civil aviation regulator has stopped taking applications for Boeing’s 737 Max 8 airworthiness certification since March 21, an official at the regulator’s news department said on Tuesday.
Nvidia CEO says no plans for more acquisitions after Mellanox deal
U.S. chip supplier Nvidia Corp has no plans for further acquisitions for the time being after its nearly $7 billion purchase of Israeli chip designer Mellanox Technologies, its chief executive said on Tuesday.
