Company news

Apple to work on touchless control, curved iPhone screenApple is working on touchless gesture control and curved screens for future iPhones, projects that may help the company differentiate its most-important product in an increasingly crowded market, according to people with knowledge of the matter.The control feature would let iPhone users perform some tasks by moving their finger close to the screen without actually tapping it. The technology likely won’t be ready for consumers for at least two years, if Apple chooses to go forward with it, a person familiar with the work said.Apple has long embraced new ways for humans to interact with computers. Co-founder Steve Jobs popularised the mouse in the early 1980s. Apple’s latest iPhones have a feature called 3D Touch that responds differently depending on different finger pressures. The new gesture technology would take into account the proximity of a finger to the screen, the person said.-Fin24India's Jet Airways to buy 75 Boeing jetsIndia’s Jet Airways Ltd has entered into an agreement to buy 75 Boeing Co 737 MAX narrowbody jets, worth US$8.8 billion, to meet passenger demand which has shown no sign of abating after years of growth.Jet Airways, in a filing to the stock exchange late on Tuesday, did not say whether the agreement was a formal order or a non-binding memorandum of understanding.Boeing did not respond to a request for comment.-Nampa/ReutersElliott boosts hopes for change at HyundaiA unit of US activist hedge fund Elliott Management revealed on Wednesday that it holds more than US$1 billion worth of shares in key affiliates of South Korea’s Hyundai Motor Group and called for more rapid reform of the auto giant’s governance.Elliott Advisors called for a “more detailed roadmap” as to how Hyundai Motor Group will “improve corporate governance, optimize balance sheets, and enhance capital returns” at Hyundai Mobis Hyundai Motor and Kia Motors.-Nampa/ReutersSaputo gets nod for Murray Goulburn takeoverSaputo Inc won approval on Wednesday from Australia’s competition regulator for the planned US$1 billion takeover of the country’s largest dairy processor, Murray Goulburn Co-operative, after the Canadian company agreed to sell a key asset.The approval clears one of the last impediments to the deal which will establish the dominance of two international giants in Australia, the world’s third largest dairy exporter, amid intense competition to tap growing Asian demand.-Nampa/ReutersMothercare CEO steps downBritish baby goods retailer Mothercare Plc which last month warned on full-year profit, said on Wednesday chief executive Mark Newton-Jones stepped down and appointed retail industry veteran David Wood as new CEO effective immediately.Mothercare, a popular British high street name, has been trying to revive its business that has come under pressure from weak footfall across retail destinations and tough competition from online sellers.-Nampa/ReutersBoeing, Ford lead list of casualties in China- US trade spatUS automakers, aero companies, grain merchants and chipmakers were the early casualties on Wednesday after China and the United States announced tariffs on US$50 billion of each other’s imports, cementing fears they were moving towards a trade war.The speed with which the trade spat between Washington and Beijing is ratcheting up – the Chinese government took less than 11 hours to respond with its own measures – led to a sharp sell-off in global stock markets and commodities. -Nampa/Reuters

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