05282016Sat
Last update: Sat, 28 May 2016 12pm

Industries & Sectors

Business & Finance - Industries & Sectors

Goodbye Passwords, say Hello to Trust Score Google wants to kill passwords for good, at least for its Android users and want to replace it with ‘Trust Score.’What is Trust Score, according to Tech Crunch, it is a set of data consist of combination of signals i.e. typing patterns, walking patterns, current location, and so on. Such a system will be available to Android developers by the end of this year, after successful testing this year.Days ago at Google’s I/O 2016, Daniel Kaufman, head of Google’s Advanced Technology and Projects research unit (ATAP) updated us on ‘Project Abacus,’ which is simply Google’s software that would eliminate the need of entering passwords.How this Abacus works? Project Abacus, which was announced last year works by collecting data about the user such as the particular times and locations one might use an app, user’s voice, face etc to derive a Trust Score. This Trust Score as mentioned would determine if ...

Business & Finance - Industries & Sectors

Toyota to invest $450mn to build new car plant in Malaysia TOKYO: Toyota Motor Corp said on Wednesday it will invest about 49 billion yen ($450 million) to build a new, 50,000-cars-a-year factory in Malaysia to meet growing demand in the Southeast Asian country.The construction would be part of a reorganisation of its Malaysian operations, under which the existing factory would stop building passenger cars and focus on commercial vehicles, Toyota said in a statement.The new plant, to be located in Klang, in the state of ...

Business & Finance - Industries & Sectors

Novartis says confident in peak Entresto sales of around $5bn ZURICH: Novartis remains confident that sales for its new heart failure medicine Entresto will peak at around $5 billion, the Swiss drugmaker said in a presentation for an investor event on Wednesday.Introduced last year, Entresto got off to a sluggish start, with only $17 million first-quarter sales. Novartis on Monday stuck to its full-year forecast of $200 million in revenue from Entresto "as of right now".Novartis also said on Wednesday its Cosentyx product had thepotential ...

Business & Finance - Industries & Sectors

Mitsubishi Motors new head of R&D to hail from Nissan TOKYO: Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of an overhaul that comes as Nissan prepares to take a controlling stake in Mitsubishi in the wake of a mileage cheating scandal.Mitsuhiko Yamashita, currently a senior technology adviser at Nissan, will take on the role from June 24.Mitsubishi Motors Chairman and CEO Osamu Masuko will also be president, taking over that role from Tetsuro Aikawa, ...

Business & Finance - Industries & Sectors

M&S says turnaround plan to hit profit in short term LONDON: British retailer Marks & Spencer said on Wednesday its new boss's plan to turn around the firm's underperforming clothing and homewares business would impact short-term profit.Chief Executive Steve Rowe said his focus will be on improvements to the quality, fit and availability of M&S's ranges. He would also lower prices, reduce the proportion of sales on promotion and increase store staffing levels."These actions, combined with the difficult trading conditions, will have an adverse effect ...

Business & Finance - Industries & Sectors

Google grows to trillions, introduces major changes Google has announced that it has grown from billions to trillions, in number of searches per year of course, and more than half of its traffic is now coming from Mobile and Tablets.In order to shift focus of advertisers on its growing mobile base, Google has introduced some new feature to allow advertisers showcase their ads better on AdWords. “With location-related mobile searches growing 50% faster than all mobile searches, it’s clear that consumers are ...

Business & Finance - Industries & Sectors

Toyota, Uber latest to join forces in ride-hailing rush SAN FRANCISCO: Toyota Motor Corp said on Tuesday it would invest in on-demand ride-hailing company Uber, the latest in a wave of high-profile moves by automakers to embrace their potential upstart rivals as partners, customers and sources of valuable data.Toyota and Uber will create new leasing options in which Uber drivers can lease vehicles with flexible terms from Toyota Financial Services and cover their payments through their Uber earnings, the companies said in a joint ...