SAN FRANCISCO (AFP) - Google agreed to pay $40 million for the smartwatch technology of the fashion and accessory group Fossil, the companies said Thursday, enabling the California tech giant to expand in the growing wearable tech market.
The Philippine economic growth trajectory is expected to pick up this year, growing between 6.8 percent and 7.2 percent on an upturn in consumption spending amid improving inflation outlook, the First Metro Investments Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said Tuesday.
The overall sales of local carmakers dropped by 16 percent in 2018, greater than its projected 14-percent decline for the year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) reported.
The machines, which have been deployed in other global disaster areas, were among the technologies on display at the 2019 Consumer Electronics Show to highlight innovations which can be used in various kinds of relief efforts.
NEW YORK (AFP) - Stock markets in Europe and the United States slipped on Friday after several days of gains as investors took a breather in the absence of fresh news on trade talks between Beijing and Washington.
Founded in 1933, Takata went of business in June 2017 because of the crisis. The company was finally acquired last April for $1.6 billion by the equipment maker Key Safety Systems, with the resulting entity renamed Joyson Safety Systems.
The shock warning added to concerns about the broader tech sector after Apple sent shudders through world markets last week by slashing its revenue forecast blaming weak sales in China and citing the trade war.
The government’s economic managers on Friday vowed to continue working towards further reining in the prices of commodities, even as the country’s inflation rate has already declined to a seven-month low of 5.1 percent in December.
A US government-style shutdown is highly unlikely here, even while the Philippine government’s proposed 2019 national budget remains pending before Congress, with the Department of Budget and Management directing state agencies to obligate their first quarter funding requirements.
Economic managers said the Philippines’ successful bond issuances in the offshore bond markets in 2018 underscored the strong confidence of the international business community in the country’s growth narrative under President Rodrigo Duterte's watch.