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Enlarge / Look, ma: no wires! On a decent VR headset, at that! Say hello to Oculus Santa Cruz 2.0. (credit: Oculus) SAN JOSE, Calif.—Last year, Oculus unveiled ambitious plans for a totally wireless virtual reality headset, and the idea sounded great… until we tried it. The company’s “Santa Cruz” prototype was impressive enough at […]
Rory Gardiner Ikea is known for its flat-pack kitchen tables, islands, and cabinets. Now the home furnishings retailer is experimenting with products that allow people to harvest food at home. Space10, Ikea’s innovation lab, has designed a prototype of a mini-farm that can grow greens and herbs indoors. Called Lokal, it uses a hydroponic farming system — allowing […]
Yesterday, I reported on a new study from a nonprofit called the Economic Innovation Group on the distribution of “distressed” and “prosperous” neighborhoods in the U.S. Unsurprisingly, the most prosperous communities tend to be urban or suburban — nearly 90 percent of communities in the U.S. that are classified as “distressed” have fewer than 50,000 people. Many […]
Published time: 15 Sep, 2017 11:37 The Central Bank of Russia (CBR) cut on Friday the key annual lending rate from 9 to 8.5 percent. The regulator said inflation is below the target of four percent, and Russia’s economic output has been expanding. Read more “Amid favorable price dynamics of a number of goods and […]
Cash is still king IN MOTIJHEEL, the main business district in Bangladesh’s capital, Dhaka, an iron fence and terrible traffic divide two branches of the country’s oldest private bank—a “conventional” one and an Islamic one. Abdus Sattar, manager of the Islamic one, says that when he joined AB Bank, in 2005, his was “a loser […]
Chinese ride-hailing giant Didi Chuxing (Didi) has made a strategic investment in Careem, a rival service that’s popular in parts of the Middle East, Africa, and Asia. The investment — for an undisclosed amount — represents part of a broader partnership that will see the duo “share knowledge in intelligent transportation technology, product development, and […]
The German discount chain have recalled their eggs from stores in Germany, causing Dutch farmers to grow concerned about millions of pound of potential lost business. Millions of eggs are being recalled from shops and warehouses in Germany and the Netherlands and being blocked from sale in Belgium, after high levels of a toxic insecticide […]
BI Intelligence This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here. Although Discover, one of the four major US credit card networks missed on expectations it still posted strong numbers in several key segments for Q2 2017. Discover saw increases across the board in its loan channels, […]
Reuters/Joe Skipper (Reuters) – Verizon Communications Inc’s quarterly revenue rose marginally, its first increase in four quarters, as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plans. Net income attributable to Verizon rose to $ 4.36 billion, or $ 1.07 per share, in the second quarter ended June 30, from […]
Softbank may be best known as one of Japan’s top phone carriers, but their recent behind-the-scenes investments make it clear they want something more. Bloomberg Technology reports that the Japanese company has invested in iRobot, the manufacturer of the robot vacuum Roomba, with a stake of less than 5 percent. iRobot recently reported strong second-quarter […]
