Robots built by Toyota are going to help visitors at the Tokyo 2020 Olympics

Robots are to play an important role at the 2020 Olympics and Paralympics in Tokyo, Japan. The plan to use robotic technology was unveiled at the end of last week by the games’ organizing committee. “The Tokyo 2020 Games are a unique opportunity for us to display Japanese robot technology,” Hirohisa Hirukawa, the Tokyo 2020 Robot Project’s leader, said in a statement. “This project will not simply be about exhibiting robots, but showcasing their practical real-life deployment helping people,” Hi


Robots are to play an important role at the 2020 Olympics and Paralympics in Tokyo, Japan. The plan to use robotic technology was unveiled at the end of last week by the games’ organizing committee. “The Tokyo 2020 Games are a unique opportunity for us to display Japanese robot technology,” Hirohisa Hirukawa, the Tokyo 2020 Robot Project’s leader, said in a statement. “This project will not simply be about exhibiting robots, but showcasing their practical real-life deployment helping people,” Hi
Robots built by Toyota are going to help visitors at the Tokyo 2020 Olympics Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: anmar frangoul, alessandro di ciommo, nurphoto, getty images
Keywords: news, cnbc, companies, toyota, visitors, olympics, robot, going, technology, robots, tokyo, built, games, hirukawa, wheelchairsthe, week, help, 2020


Robots built by Toyota are going to help visitors at the Tokyo 2020 Olympics

Robots are to play an important role at the 2020 Olympics and Paralympics in Tokyo, Japan.

The plan to use robotic technology was unveiled at the end of last week by the games’ organizing committee.

Robots developed by the Toyota Motor Corporation will assist spectators in a range of tasks, from carrying food and other items to showing people to their seats and providing information on events.

The robots will also aid visitors in wheelchairs.

“The Tokyo 2020 Games are a unique opportunity for us to display Japanese robot technology,” Hirohisa Hirukawa, the Tokyo 2020 Robot Project’s leader, said in a statement.

“This project will not simply be about exhibiting robots, but showcasing their practical real-life deployment helping people,” Hirukawa added.

The Tokyo Olympic Games are set to take place from July 24 to August 9 2020, while the Tokyo Paralympic Games will start on August 25 and finish on September 6 2020.

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Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: anmar frangoul, alessandro di ciommo, nurphoto, getty images
Keywords: news, cnbc, companies, toyota, visitors, olympics, robot, going, technology, robots, tokyo, built, games, hirukawa, wheelchairsthe, week, help, 2020


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Robots built by Toyota are going to help visitors at the Tokyo 2020 Olympics

Robots are to play an important role at the 2020 Olympics and Paralympics in Tokyo, Japan. The plan to use robotic technology was unveiled at the end of last week by the games’ organizing committee. “The Tokyo 2020 Games are a unique opportunity for us to display Japanese robot technology,” Hirohisa Hirukawa, the Tokyo 2020 Robot Project’s leader, said in a statement. “This project will not simply be about exhibiting robots, but showcasing their practical real-life deployment helping people,” Hi


Robots are to play an important role at the 2020 Olympics and Paralympics in Tokyo, Japan. The plan to use robotic technology was unveiled at the end of last week by the games’ organizing committee. “The Tokyo 2020 Games are a unique opportunity for us to display Japanese robot technology,” Hirohisa Hirukawa, the Tokyo 2020 Robot Project’s leader, said in a statement. “This project will not simply be about exhibiting robots, but showcasing their practical real-life deployment helping people,” Hi
Robots built by Toyota are going to help visitors at the Tokyo 2020 Olympics Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: anmar frangoul, alessandro di ciommo, nurphoto, getty images
Keywords: news, cnbc, companies, toyota, visitors, olympics, robot, going, technology, robots, tokyo, built, games, hirukawa, wheelchairsthe, week, help, 2020


Robots built by Toyota are going to help visitors at the Tokyo 2020 Olympics

Robots are to play an important role at the 2020 Olympics and Paralympics in Tokyo, Japan.

The plan to use robotic technology was unveiled at the end of last week by the games’ organizing committee.

Robots developed by the Toyota Motor Corporation will assist spectators in a range of tasks, from carrying food and other items to showing people to their seats and providing information on events.

The robots will also aid visitors in wheelchairs.

“The Tokyo 2020 Games are a unique opportunity for us to display Japanese robot technology,” Hirohisa Hirukawa, the Tokyo 2020 Robot Project’s leader, said in a statement.

“This project will not simply be about exhibiting robots, but showcasing their practical real-life deployment helping people,” Hirukawa added.

The Tokyo Olympic Games are set to take place from July 24 to August 9 2020, while the Tokyo Paralympic Games will start on August 25 and finish on September 6 2020.

Follow CNBC International on Twitter and Facebook.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: anmar frangoul, alessandro di ciommo, nurphoto, getty images
Keywords: news, cnbc, companies, toyota, visitors, olympics, robot, going, technology, robots, tokyo, built, games, hirukawa, wheelchairsthe, week, help, 2020


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Facebook shows it’s still serious about virtual reality with new $399 headset

Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring. Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch. The Rift S, although a modest update, proves that Facebo


Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring. Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch. The Rift S, although a modest update, proves that Facebo
Facebook shows it’s still serious about virtual reality with new $399 headset Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: salvador rodriguez, glen chapman, afp, getty images, oculus rift s
Keywords: news, cnbc, companies, oculus, include, shows, rift, virtual, focus, feature, 399, reality, facebook, headset, serious


Facebook shows it's still serious about virtual reality with new $399 headset

Facebook on Wednesday announced the $399 Oculus Rift S, the latest version of its PC-connected virtual reality headset that will go on sale this spring.

Although virtual reality seems far from Facebook’s core market of social networking and its recent focus on private messaging, CEO Mark Zuckerberg reportedly believes it’s the “next major computing platform after mobile in about 10 years,” according to a 2015 email published by TechCrunch.

Last year, reports emerged that Facebook was going to ditch VR hardware that required a PC to function, which offers the best performance and is geared toward hardcore gamers, and instead focus on stand-alone headsets like the Oculus Quest. The Rift S, although a modest update, proves that Facebook has not given up on the market.

The new headset is the successor to the company’s original Rift headset and will include a higher resolution display, a new tracking feature called Oculus Insight and a feature called Passthrough+ that allows users to get a glimpse of their real-world surroundings without having to take off their headset. The Rift S will also include a halo headband that is designed to increase comfort.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: salvador rodriguez, glen chapman, afp, getty images, oculus rift s
Keywords: news, cnbc, companies, oculus, include, shows, rift, virtual, focus, feature, 399, reality, facebook, headset, serious


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Samsung’s Galaxy Buds look less silly than Apple AirPods and are just as good

Samsung’s Galaxy Buds are the company’s take on Apple AirPods, and they’re really good. Apple’s AirPods have become incredibly successful since their launch in 2017. While they work with Android phones, the target audience has mostly been for Apple products, since they pair so easily with them. Samsung has tried to compete with its own version AirPods for several years now, but its latest attempt is its best yet and is the best option I’ve found for Android users. Plus, they look a lot less sill


Samsung’s Galaxy Buds are the company’s take on Apple AirPods, and they’re really good. Apple’s AirPods have become incredibly successful since their launch in 2017. While they work with Android phones, the target audience has mostly been for Apple products, since they pair so easily with them. Samsung has tried to compete with its own version AirPods for several years now, but its latest attempt is its best yet and is the best option I’ve found for Android users. Plus, they look a lot less sill
Samsung’s Galaxy Buds look less silly than Apple AirPods and are just as good Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: todd haselton, magdalena petrova
Keywords: news, cnbc, companies, apple, best, tried, silly, samsungs, themsamsung, theyre, users, look, android, work, version, galaxy, airpods, good, buds


Samsung's Galaxy Buds look less silly than Apple AirPods and are just as good

Samsung’s Galaxy Buds are the company’s take on Apple AirPods, and they’re really good.

There’s a reason why Samsung continues to play in this market. Apple’s AirPods have become incredibly successful since their launch in 2017. While they work with Android phones, the target audience has mostly been for Apple products, since they pair so easily with them.

Samsung has tried to compete with its own version AirPods for several years now, but its latest attempt is its best yet and is the best option I’ve found for Android users. Plus, they look a lot less silly than AirPods, which makes them a fine alternative even for people who own iPhones.

Here’s what you need to know.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: todd haselton, magdalena petrova
Keywords: news, cnbc, companies, apple, best, tried, silly, samsungs, themsamsung, theyre, users, look, android, work, version, galaxy, airpods, good, buds


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UK’s first self-driving bus begins trials

Trials for a full-sized autonomous bus have started at a depot in Manchester, England. Using autonomous technology, the bus can undertake maneuvers including parking and moving into a washing area. “This is an exciting project to trial autonomous technology on a full-sized bus for the first time in the U.K.,” Martin Griffiths, Stagecoach’s chief executive, said in a statement. Stagecoach has partnered with bus manufacturer Alexander Dennis Limited and technology firm Fusion Processing for the pr


Trials for a full-sized autonomous bus have started at a depot in Manchester, England. Using autonomous technology, the bus can undertake maneuvers including parking and moving into a washing area. “This is an exciting project to trial autonomous technology on a full-sized bus for the first time in the U.K.,” Martin Griffiths, Stagecoach’s chief executive, said in a statement. Stagecoach has partnered with bus manufacturer Alexander Dennis Limited and technology firm Fusion Processing for the pr
UK’s first self-driving bus begins trials Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: anmar frangoul, alexander dennis limited
Keywords: news, cnbc, companies, trials, vehicles, including, system, bus, technology, autonomous, fusion, uk, begins, uks, selfdriving, used, vehicle


UK's first self-driving bus begins trials

Trials for a full-sized autonomous bus have started at a depot in Manchester, England.

The project makes use of a single-decker vehicle that can operate autonomously within the grounds of the Sharston depot, the Stagecoach Group said in an announcement earlier this week.

Using autonomous technology, the bus can undertake maneuvers including parking and moving into a washing area.

“This is an exciting project to trial autonomous technology on a full-sized bus for the first time in the U.K.,” Martin Griffiths, Stagecoach’s chief executive, said in a statement.

Stagecoach has partnered with bus manufacturer Alexander Dennis Limited and technology firm Fusion Processing for the project.

The system used by the bus is Fusion Processing’s CAVstar. It is made up of several sensors, including radar, ultrasound and optical cameras. Satellite navigation is also used in order to detect and avoid obstacles.

The system in the pilot vehicle will help to provide the basis for a forthcoming trial that will see five autonomous buses ferry passengers between Fife and Edinburgh, in Scotland.

Stagecoach said the buses will use a Level 4 standard of autonomy, meaning that a safety driver will need to be on board to comply with U.K. regulations.

Five “levels” of driving automation have been defined by SAE International, a global association of over 128,000 engineers. At Level 5, a vehicle’s automated driving features can drive it under all conditions.

The Fusion Processing CEO, Jim Hutchinson, said that the company’s CAVstar system had now been used on a range of vehicles, including two-seater electric cars and 12 meter, 43 seater buses.

The pilot in Manchester, Hutchinson added, offered a “glimpse of how future bus depots can be automated for improved safety and efficiency.”

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Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: anmar frangoul, alexander dennis limited
Keywords: news, cnbc, companies, trials, vehicles, including, system, bus, technology, autonomous, fusion, uk, begins, uks, selfdriving, used, vehicle


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Xiaomi shares plunge despite the Chinese tech giant’s earnings beat

Chinese smartphone maker Xiaomi saw its stock swoon during Wednesday trade despite posting a fourth-quarter earnings report that beat expectations the previous day. Xiaomi’s net profit for the fourth quarter more than tripled to 1.85 billion yuan (approx. $276 million), beating the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv data. Still, revenue for the period increased 27 percent to 44.4 billion yuan, which was lower than the 47.4 billion yuan average estimate of 13


Chinese smartphone maker Xiaomi saw its stock swoon during Wednesday trade despite posting a fourth-quarter earnings report that beat expectations the previous day. Xiaomi’s net profit for the fourth quarter more than tripled to 1.85 billion yuan (approx. $276 million), beating the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv data. Still, revenue for the period increased 27 percent to 44.4 billion yuan, which was lower than the 47.4 billion yuan average estimate of 13
Xiaomi shares plunge despite the Chinese tech giant’s earnings beat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: eustance huang, josep lago, afp, getty images
Keywords: news, cnbc, companies, yuan, smartphone, chinese, earnings, plunge, billion, tech, successful, beat, reason, 2018, shares, refinitiv, according, revenue, despite, xiaomi, giants


Xiaomi shares plunge despite the Chinese tech giant's earnings beat

Chinese smartphone maker Xiaomi saw its stock swoon during Wednesday trade despite posting a fourth-quarter earnings report that beat expectations the previous day.

In Wednesday’s trading session in Hong Kong, shares of Xiaomi dropped 4.59 percent.

That move came a day after Xiaomi announced quarterly earnings that bested expectations. That’s despite 2018 being the “worst year ever for smartphone shipments,” according to market research company IDC, with tech heavyweights such as Apple and Samsung Electronics all warning of weakening sales.

Xiaomi’s net profit for the fourth quarter more than tripled to 1.85 billion yuan (approx. $276 million), beating the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv data.

Still, revenue for the period increased 27 percent to 44.4 billion yuan, which was lower than the 47.4 billion yuan average estimate of 13 analysts, according to Refinitiv data.

In an interview with CNBC’s “Squawk Box” ahead of the market open on Wednesday, Xiaomi CFO Shou Zi Chew attributed the company’s fourth-quarter performance to keeping efficiency at “a very high level.”

“Our entire operating expense for the year 2018 was still below 10 percent of our revenue and what we have done is, you know, we kept forcing ourselves to be more efficient as a company and return the savings to our users,” Chew said. “This is the reason why we were successful in 2018 and this is the reason why we will be successful going into the future.”


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: eustance huang, josep lago, afp, getty images
Keywords: news, cnbc, companies, yuan, smartphone, chinese, earnings, plunge, billion, tech, successful, beat, reason, 2018, shares, refinitiv, according, revenue, despite, xiaomi, giants


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Chart analysts like chances for a big rally after S&P 500 forms ‘inverse head-and-shoulders’

Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street. The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. 21. The S&P 500 then surged from that level and has closed above 2,800 for five straight sessions. It’s acted as a resistance level at times and support as well.” He also said this pattern is pattern “is not just specific to the


Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street. The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. 21. The S&P 500 then surged from that level and has closed above 2,800 for five straight sessions. It’s acted as a resistance level at times and support as well.” He also said this pattern is pattern “is not just specific to the
Chart analysts like chances for a big rally after S&P 500 forms ‘inverse head-and-shoulders’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, 500, 2800, level, headandshoulders, pattern, index, surged, forms, inverse, sp, chances, analysts, chart, rally, resistance, past, sectors, big


Chart analysts like chances for a big rally after S&P 500 forms 'inverse head-and-shoulders'

Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street.

The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. 21. An inverse head and shoulders pattern is used by chart analysts as a sign that a stock or an index could rise further after forming a bottom.

The index tried to break above 2,800 — a closely watched resistance level by traders and technicians — twice between late February and early March before sliding back down to around 2,730 by March 8. The S&P 500 then surged from that level and has closed above 2,800 for five straight sessions.

“This has been building since the comeback started,” said Frank Cappelleri, executive director at Instinet. “We didn’t know how fierce it was going to be and the extent of it. But needless to say 2,800 is on a lot of screens for numerous reasons. It’s acted as a resistance level at times and support as well.”

Cappelleri added the recent formation is part of a bigger head-and-shoulders pattern that has been forming since last October.

He also said this pattern is pattern “is not just specific to the S&P 500. It’s seen in a lot of different places. Some areas are leading; some are lagging, but in general the shape that has developed over the past six months.”

The S&P 500 is down more than 2.5 percent over the past six months, but it is up more than 20 percent since bottoming in late December. The index closed at 2,832.57 on Tuesday, about 3.7 percent away from its all-time high of 2,940.91.

Stocks are not completely out of the woods yet, however. The utilities and real estate sectors — which are often referred to as bond proxies for their low volatility compared to other parts of the market — are the best performers over the past six months.

“I don’t know if that type of leadership can continue if this risk-on mentality continues as it is,” Cappelleri said. However, “they haven’t had to advance as much from the lows since they didn’t get as beat up on the way down. What we want to see is if other sectors can take the baton.”

The S&P 500 is up more than 12 percent so far this year and is on pace for its biggest one-year gain since 2017, when it surged 19.4 percent.

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Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, 500, 2800, level, headandshoulders, pattern, index, surged, forms, inverse, sp, chances, analysts, chart, rally, resistance, past, sectors, big


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Apple announces new AirPods with wireless charging and voice controls

They also support wireless charging if you buy them with a new wireless charging case. Speaking of wireless charging, Apple still hasn’t given an update on AirPower, the wireless charging pad that it originally announced in September 2017. AirPods come with either a standard charging case or a new Wireless Charging Case for convenient charging at home and on the go. The Wireless Charging Case is designed to offer the freedom of wireless charging with Qi-compatible charging solutions. New for Air


They also support wireless charging if you buy them with a new wireless charging case. Speaking of wireless charging, Apple still hasn’t given an update on AirPower, the wireless charging pad that it originally announced in September 2017. AirPods come with either a standard charging case or a new Wireless Charging Case for convenient charging at home and on the go. The Wireless Charging Case is designed to offer the freedom of wireless charging with Qi-compatible charging solutions. New for Air
Apple announces new AirPods with wireless charging and voice controls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: todd haselton
Keywords: news, cnbc, companies, hey, apple, available, charging, controls, wireless, case, talk, voice, announces, siri, airpods, starting


Apple announces new AirPods with wireless charging and voice controls

Apple announced a new version of AirPods, the second generation of the company’s popular headphones, on Wednesday.

The new version of AirPods supports longer battery life and a new H1 chip that Apple says improves connectivity with your iPhone or iPad and helps to deliver up to a 50 percent bump in talk time over the first generation AirPods. The chip replaces the W1 in the first model.

The new AirPods cost $199 with a wireless charging case, or $159 without it. The wireless charging case is also available for owners of the first version of AirPods for $79. All are available now and ship starting March 27.

The second-generation AirPods also support “Hey Siri,” which means users can talk to Siri to place phone calls, request music, ask the weather and more simply by speaking to Siri instead of tapping one of the AirPods, which was required on the first model.

They also support wireless charging if you buy them with a new wireless charging case. That means you can drop it on a wireless charging pad instead of plugging the case in. Like the first generation, the case provides up to 24 hours of battery life. A new LED indicator outside shows if it’s charging or not.

Speaking of wireless charging, Apple still hasn’t given an update on AirPower, the wireless charging pad that it originally announced in September 2017. AirPower is designed to charge an iPhone, AirPods and Apple watch at the same time. Apple said AirPower was supposed to launch in 2018, but never did.

Here’s the announcement from Apple:

AirPods, the World’s Most Popular Wireless Headphones, are Getting Even Better New AirPods are Powered by the New H1 Chip and Feature 50 Percent More Talk Time, Hands-Free “Hey Siri” and the Option of a Wireless Charging Case Apple today announced new AirPods®, the second generation of the world’s most popular wireless headphones. AirPods revolutionized the wireless audio experience with a breakthrough design and the new AirPods build on the magical experience customers love. The new Apple-designed H1 chip, developed specifically for headphones, delivers performance efficiencies, faster connect times, more talk time and the convenience of hands-free “Hey Siri.” AirPods come with either a standard charging case or a new Wireless Charging Case for convenient charging at home and on the go. The new AirPods and AirPods with Wireless Charging Case are available to order on apple.com and the Apple Store® app starting today, and in Apple Stores beginning next week. “AirPods delivered a magical wireless experience and have become one of the most beloved products we’ve ever made. They connect easily with all of your devices, and provide crystal clear sound and intuitive, innovative control of your music and audio,” said Phil Schiller, Apple’s senior vice president of Worldwide Marketing. “The world’s best wireless headphones just got even better with the new AirPods. They are powered by the new Apple-designed H1 chip which brings an extra hour of talk time, faster connections, hands-free ‘Hey Siri’ and the convenience of a new wireless battery case.” The new Apple-designed H1 chip features custom audio architecture to create a revolutionary audio experience and improved synchronization. H1 allows AirPods to deliver up to 50 percent more talk time compared to first generation AirPods. Switching between devices while listening to music on iPhone®, Apple Watch® or iPad® is more seamless than ever with two times faster connect times. For the first time, AirPods now feature the convenience of “Hey Siri” making it easier to change songs, make a call, adjust the volume or get directions simply by saying, “Hey Siri.” The new AirPods come with either the standard charging case or the new Wireless Charging Case. Each case holds additional charges for more than 24 hours of total listening time, ensuring AirPods are charged and ready to go whenever you are. The Wireless Charging Case is designed to offer the freedom of wireless charging with Qi-compatible charging solutions. An LED light indicator located on the front of the case conveniently shows the charge status with just a glance. Existing AirPods customers can purchase the standalone Wireless Charging Case. Pricing and Availability AirPods with standard charging case will be available for $159 (US) and are available to order on apple.com and the Apple Store app starting today, and in Apple Stores starting next week.

AirPods with Wireless Charging Case will be available for $199 (US) and are available to order on apple.com and the Apple Store app starting today, and in Apple Stores starting next week.

Customers can order the standalone Wireless Charging Case for $79 (US) on apple.com and the Apple Store app starting today, and in Apple Stores starting next week.

New for AirPods, customers can add a personal engraving to the AirPods with standard charging case and AirPods with Wireless Charging Case for free during checkout on apple.com and the Apple Store app.

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WATCH: Apple releases iPad Air and iPad mini


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: todd haselton
Keywords: news, cnbc, companies, hey, apple, available, charging, controls, wireless, case, talk, voice, announces, siri, airpods, starting


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A growing list of companies from FedEx to BMW are warning about the world economy

Corporate giants doing business abroad are painting a dreary picture of the world’s economy. With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, some business leaders say it’s harder than ever to rake in profits. This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. The multinational package delivery service reported sluggish intern


Corporate giants doing business abroad are painting a dreary picture of the world’s economy. With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, some business leaders say it’s harder than ever to rake in profits. This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. The multinational package delivery service reported sluggish intern
A growing list of companies from FedEx to BMW are warning about the world economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: kate rooney, stefan wermuth, bloomberg, getty images, luke sharrett, mark schiefelbein, afp
Keywords: news, cnbc, companies, companies, quarterly, ongoing, conditions, global, business, bmw, international, worlds, growing, economy, trade, list, revenue, world, fedex, warning


A growing list of companies from FedEx to BMW are warning about the world economy

Corporate giants doing business abroad are painting a dreary picture of the world’s economy.

With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, some business leaders say it’s harder than ever to rake in profits.

This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results. Fitch Ratings also “aggressively” cut its forecast for the year.

The head of UBS was among the latest to blame the world’s backdrop for weaker-than-expected results. CEO Ermotti told a conference in London on Wednesday that it “one of the worst first-quarter environments in recent history,” Reuters reported. The Swiss bank slashed another $300 million from 2019 costs after revenue at its investment bank plunged. Investment banking conditions are among the toughest seen in years, especially outside the U.S., he said.

Ermotti’s remarks echo the sentiment from FedEx a day earlier. The multinational package delivery service reported sluggish international revenue on Tuesday as a result of tough exchange rates and ongoing trade battles.

“Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue,” Chief Financial Officer Alan B. Graf Jr. said in FedEx’s quarterly earnings report.

BMW is another with a less-than-rosy outlook. The German automaker said it expected pretax profit to fall by more than 10 percent in 2019, and its CFO said global conditions make it hard to provide a clear forecast.

“Depending on how conditions develop, our guidance may be subject to additional risks; in particular, the risk of a no-deal Brexit and ongoing developments in international trade policy,” CFO Nicolas Peter said in BMW’s quarterly earnings report Wednesday.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: kate rooney, stefan wermuth, bloomberg, getty images, luke sharrett, mark schiefelbein, afp
Keywords: news, cnbc, companies, companies, quarterly, ongoing, conditions, global, business, bmw, international, worlds, growing, economy, trade, list, revenue, world, fedex, warning


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LibreNMS


LibreNMS Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, librenms



Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, librenms


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