China will not tolerate "unwanted accusations" about its investments in the UK after the delay of the Hinkley nuclear power project, the country’s state-run news agency has said.Xinhua said it could not understand the "suspicious approach that comes from nowhere to Chinese investment".It follows reports suggesting the UK PM has national security concerns about China’s role in the project.Officially the Chinese government said it hoped for a speedy resolution.French company EDF, which is financing most of the 18bn pound project, approved its investment last week - but in a s...
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2016
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China has begun testing a futuristic-looking electric bus that straddles traffic as it drives down the street.By straddling the traffic, the bus is able to quickly move above most vehicles, helping cut down on congestion and pollution caused by auto emissions.Transit Explore Bus, which is the company behind the vehicle, first revealed the concept in May at the 19th China Beijing International High-Tech Expo. But on Tuesday the company showed off a full-scale prototype in Qinhuangdao, China and launched its first road test, according to a report from China Xinhua News.Let’s take a closer look a...
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2016
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Japan’s major mobile game provider DeNA has put on display the country’s first driverless robot bus which is to become operational next month.The Robot Shuffle is to begin full service by transferring people in the Aeon Shopping Mall in Chiba’s Makuhari district.DeNA, which showcased the Robot Shuffle on Monday, is set to provide the service in a joint venture with the French firm EasyMile.EasyMile’s testing chief Francois Charlot said actual passenger service requires that “we drive safe without any accidents.”DeNA’s Robot Shuttle group leader Takashi Tsujiguchi assured that the project is su...
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2016
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NEW YORK—Ride-hailing service Uber will invest $500 million in an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driverless cars, the Financial Times reported on Sunday.The San Francisco-based company is ramping up spending in new technologies such as mapping and driverless cars following new investments in the company earlier this year, the report said.An Uber spokeswoman declined to comment on the report.Last week, Uber executive Brian McClendon, who was formerly the head of Google Maps, said the company was "doubling down" its in...
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2016
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The world’s largest economy grew at an annual rate of 1.2% in the three months to June, far below forecasts of 2.6%,Growth for the first quarter was revised down from 1.1% to 0.8%.Conversely, consumer spending surged in the three months to June by an annual pace of 4.2% - the fastest pace since the fourth quarter of 2014.The Federal Reserve indicated on Wednesday it was still on course to raise interest rates this year after "near-term risks", such as slowing employment, diminished.Steven Englander, global head of foreign exchange strategy at Citigroup, said: "This isn’t bad eno...
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2016
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