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Business

Who needs a licence? Self-driving cars coming our way

DETROIT: It's been more than half a century since some of the first concept cars boasting self-driving features were presented to the world and they're still not on the roads. But many auto executives say the industry is on the cusp of welcoming vehicles that make the idea of keeping both hands on the wheel an anachronism.

Business

Google profit up as chief business officer steps out

SAN FRANCISCO: Google reported Thursday that its quarterly profit rose with a jump in revenue and released word that its chief business officer was leaving the company.

Business

12mil driverless cars to be on the road by 2035

DETROIT: Fully automated driverless cars could make up nearly 10% of global vehicle sales, or about 12 million cars a year, by 2035, the Boston Consulting Group said on Thursday.

Business

Top foreign and local stories at 3.45pm

Top foreign and local stories at 3.45pm

Business

Renesas plans to outsource chip R&D abroad

TOKYO: Renesas Electronics Corp is doing something that only a decade ago would be unthinkable for a Japanese semiconductor maker – outsource research overseas.

Business

Legacy of car brands in danger

Age of autonomy making car brands like Chevy redundant

Business

Mercedes-Benz to overtake BMW as largest premium carmaker

STUTTGART, Germany: Mercedes-Benz is expected to reach its goal of becoming the largest premium carmaker four years early - a feat achieved, ironically, only after it stopped chasing market share and focused on making stylish high-tech cars loved by consumers.

Business

CIMB Research upgrades MPI to Buy, higher target price

KUALA LUMPUR: CIMB Equities Research has upgraded Malaysian Pacific Industries (MPI) the stock from Hold to Add with a higher RM9.70 target price due to the higher earnings growth, driven by a recovery in smartphone demand.

Business

CIMB Research upgrades MPI to ‘buy’ with higher target price

PETALING JAYA: CIMB Equities Research has upgraded Malaysian Pacific Industries Bhd (MPI) from “hold” to “add” with a higher RM9.70 target price due to the higher earnings growth, driven by a recovery in smartphone demand.

Business

Uber used secret tool to evade authorities

NEW YORK: Ride services company Uber Technologies Inc for years has used a secret tool to avoid authorities in markets where its service faced resistance by law enforcement or was banned, the company confirmed on Friday.