China-backed bank says more than 30 countries await membership

More than 30 countries are waiting to join the China-backed Asian Infrastructure Investment Bank (AIIB), adding to its 57 founding members, its president said on Friday. The AIIB, first proposed by President Xi Jinping less than two years ago, has become one of China’s biggest foreign policy successes. Despite the opposition of Washington, almost many major U.S. allies… Read More »

Amazon plans two-hour delivery in Berlin – Welt

Amazon (AMZN.O) is preparing to launch a two-hour delivery service in Berlin, German newspaper Welt reported on Saturday, citing Berlin transport sources. The newspaper said Amazon had ordered a site on Berlin’s fashionable Kurfuerstendamm to be repurposed as a warehouse for more than 10,000 articles from the online retailer’s assortment. Until now, Amazon has mostly used Deutsche Post’s… Read More »

U.S. approves $3.2 billion sale of Boeing P-8A patrol planes to UK

The U.S. government has approved the sale of up to nine Boeing Co (BA.N) P-8A Poseidon maritime patrol planes to Britain in a deal valued at up to $3.2 billion (2.3 billion pounds), the U.S. Defense Department said Friday. The Pentagon’s Defense Security Cooperation Agency (DSCA), which oversees foreign arms sales, notified Congress about the potential sale on… Read More »

Sharp, Foxconn to sign deal next week – sources

Sharp Corp (6753.T) and Taiwan’s Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks said on Saturday. The two companies will hold board meetings on Wednesday to approve… Read More »

Microsoft told potential Yahoo bidders it might back bids – report

Microsoft Corp executives are in talks with equity firms considering bids for Yahoo Inc! saying that Microsoft might be willing to offer “significant financing” for their efforts, tech news site Recode reported on Thursday. However, Microsoft has not made commitments so far to investors, and any discussions are exploratory, Recode reported, citing unnamed sources. ( Microsoft’s move is… Read More »

ECB leads the big parade, Fed strolls the other way

When Morocco’s central bank cut interest rates on March 22, it joined a parade of 46 others that have eased monetary policy at least once since the beginning of 2015. Perhaps more trenchantly, it was also the 15th time this year – still less than a quarter old – that a central bank has eased policy in some… Read More »

The iPhone 5s has apparently been discontinued

Looks like Apple has stopped selling the iPhone 5s as the device is no longer listed on the Cupertino-based company’s official website. A quick looks reveals that the phone has been replaced by the newly-launched iPhone SE. While we are yet to hear an official confirmation on this, the discontinuation shouldn’t really come as a big surprise given… Read More »

Apple to launch the iPhone SE in India on April 8

Apple will begin selling the new iPhone SE in India starting April 8, according to Redington India. The phone will be sold through 3000 retail outlets across the country. Apple previously announced that India will be among the second wave of countries to get the iPhone SE in “early April”. The company also issued a press release stating… Read More »

iPhone SE: 2GB of RAM, old TouchID and selfie cam

So, the new Apple iPhone SE went official yesterday and it’s very much an iPhone 6s internals in a 5s body. Well, almost… As you’ve probably heard, the SE will not support Force Touch, but on the upside, AnTuTu detected 2GB of RAM – as much as the 6s has and double what the 6 and those before… Read More »

Android 6.0.1 update hitting Moto X Play units in Canada and India

Motorola’s Moto X Play smartphone has started receiving the Android 6.0.1 update in Canada and India. The update includes the latest Android security patch as well as the new emoji pack. In addition, the update also brings along the ability to launch the camera by double-pressing the power button and turn off and on the sound of the… Read More »