The biggest rise in clothing prices in six years helped to drive the UK’s inflation rate up to 1.2% in November, up from 0.9% in October.November’s Consumer Prices Index (CPI) inflation rate was the highest since October 2014, when it stood at 1.3%. The Office for National Statistics (ONS) said increases in the price of petrol were also responsible for the slightly higher than expected rise. Those increases were partly offset by falls in air fares.Mike Prestwood, ONS head of inflation, said: "November’s slight rally in the value of sterling eased the inflationary pressure on businesses im...
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Retail giant Amazon has made its first commercial delivery using a drone, in the UK.The package arrived safely at its destination in Cambridge, 13 minutes after being ordered.Once the ordered package is on board, travel along an automated track to the launch area.The drones then take off and fly autonomously, guided by GPS to their destination.They are capable of carrying items weighing up to 2.7kg (5lbs). The aim is that all orders made using Amazon will be delivered within 30 minutes. The trial will be expanded to customers living close to the warehouse in the coming months.The safety of dro...
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Chinese and Israeli research institutes and companies attending an exposition on Tuesday in Guangzhou are keen to cooperate on developing medical robots.Nine Israeli companies at the event brought with them robotics currently used in spinal surgery, 3D imaging, and medicinal dosage handling devices.Israeli Robotics Association Chairperson Zvi Shiller said Israel has developed robots to help the disabled go to the toilet, shower and climb escalators. Israeli firms are actively looking for partners to produce and sell their robots in the Chinese market.Chinese tech firm Gosuncn Technology Group ...
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Google is putting its self-driving car technology into a new company which it will call Waymo, the firm has announced. Waymo will be owned by Google’s parent company, Alphabet.At a media event, the company showed the story of a blind man who was able to make a full trip using a prototype self-driving car. The trip happened in 2015, but the company spoke about it for the first time on Tuesday."Steve Mahan rode alone in our prototype vehicles, cruising through Austin’s suburbs,” wrote Google’s John Krafcik. "Steve is legally blind, so our sensors and software were his chauffeur."S...
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2016
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China is flooding Silicon Valley with cash, as 26 percent of U.S. unicorns are currently backed by investors from Greater China, while venture capital investment in U.S. companies is down, according to a report.Among the 32 investors that have backed U.S. startups, Chinese internet giants like Alibaba and Tencent, as well as Chinese venture capitalists, are dominant, noted CB Insights, a New York-based investment research firm. Chinese investors have participated in over 40 American tech deals per quarter since 2014, and joined in major 2015 financing deals with the likes of Uber, Lyft and Air...
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