‘Future city’ to be built in Canada by Alphabet company – BBC News

‘Future city’ to be built in Canada by Alphabet company – BBC News

Image copyright Getty Images Image caption The Quayside area of Toronto has development potential Sidewalk Labs, owned by Google’s parent company, Alphabet, is to build a digital city in Toronto. It aims to turn a waterfront area into a working laboratory for a range of “smart” technology. It is likely to feature fast wi-fi availability, […]






Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy – Bloomberg

Yellen Calls Inflation the ‘Biggest Surprise’ in the Economy – Bloomberg

Federal Reserve Chair Janet Yellen said that the U.S. central bank expects to continue to raise interest rates gradually as solid growth, a strong labor market and a healthy global economy lift prices even as she recognized that inflation has been surprisingly low.  “My best guess is that these soft readings will not persist, and […]






China’s Factory Inflation Rebounds Amid Capacity Cuts – Bloomberg

China’s Factory Inflation Rebounds Amid Capacity Cuts – Bloomberg

China’s factory prices jumped more than estimated, as domestic demand remained resilient and the government continued to reduce excess industrial capacity. Consumer price gains matched projections. Key Points The producer price index rose 6.9 percent in September from a year earlier, versus an estimated 6.4 percent in a Bloomberg survey and a 6.3 percent August […]






Tesla Fires Hundreds of Workers After Their Annual Performance Review – Fortune

Electric automaker Tesla Motors fired hundreds of employees this week, including workers at its Fremont, Calif. factory and corporate managers, as it tries to solve production problems for its recently released Model 3. An estimated 400 to 700 people were dismissed this week, according to a San Jose Mercury News report published Friday afternoon. That’s […]






Harvey Weinstein May Get Kicked Out of the Oscar Club – New York Times

Harvey Weinstein May Get Kicked Out of the Oscar Club – New York Times

“We support Amazon’s decision as in light of recent news and out of respect for all those affected we have decided together that it is best to not move forward with this show,” Mr. Russell said in a statement with two stars of the series, Robert De Niro and Julianne Moore. Mr. Weinstein, who was […]






Samsung forecasts a strong quarter on the same day its CEO resigns citing “unprecedented crisis” – TechCrunch

This post has been updated to reflect the announcement of Oh-Hyun Kwon’s resignation.   Samsung Electronics made two announcements today that contrasted starkly with one another in tone. First, it issued an optimistic third-quarter earnings guidance. Then, a few hours later, it posted a resignation letter from chief executive officer and vice chairman Oh-Hyun Kwon, who […]






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