SoftBank unveils solar-powered internet drone, invests $125 million in Alphabet's Loon

SoftBank unveils solar-powered internet drone, invests $125 million in Alphabet's Loon

SoftBank subsidiary HapsMobile, a joint venture established in 2017 by SoftBank and U.S. aerospace company Aerovironment, has announced a partnership with Loon, an Alphabet unit that’s developing a network of balloons that beam internet access to …
See Original Article

World stocks slip, euro suffers, growth fears linger

LONDON (Reuters) – World equity markets slipped on Thursday amid worries on global growth and as investors digested European earnings, while the Swedish crown slumped to its lowest in 17 years and the euro suffered after German data. FILE PHOTO: A …
See Original Article

Walmart's British Arm Is Blocked From Merging With UK Supermarket J Sainsbury

Regulators blocked the proposed merger between Walmart Inc.’s WMT 0.45% British grocery unit and rival J Sainsbury JSAIY -2.31% PLC citing competition concerns, meaning the U.S. retail giant must now find ways to drive stand-alone growth for Asda …
See Original Article

UBS exceeds forecasts despite challenging quarter

ZURICH — UBS Group AG’s net profit fell in the first quarter compared with one year earlier but exceeded investor expectations, capping a solid first quarter for Swiss banks despite tough conditions in the early part of the year. Net profit at Switzerland’s largest …
See Original Article

Egypt Renews Three-Month Nationwide State of Emergency

Egyptian authorities renewed a nationwide state of emergency for three months and imposed a curfew in parts of northern Sinai close to Israel and
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.