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(MENAFN - AFP) Toyota on Tuesday unveiled a car that can drive itself along a highway, the latest foray by a major manufacturer into the world of automated vehicles.

The car, a modified Lexus GS, uses sophisticated sensors to navigate roads, merge lanes and overtake other vehicles.

The company hopes to make other cars with similar features available within five years, ...

(MENAFN - AFP) Depression and anxiety issues affect over a third of current professional footballers, according to a study published by world players' union FIFPro on Tuesday.

The research, led by FIFPro's chief medical officer Dr Vincent Gouttebarge, found that 38 percent of the 607 current players sampled and 35 percent of 219 former players reported symptoms of depression ...

(MENAFN - AFP) The European Union's top court on Tuesday ruled that a key transatlantic data sharing deal relied on by companies such as Facebook was invalid in the light of spying revelations in the Edward Snowden scandal.

In a major blow to US tech firms, the court said the 2000 "Safe Harbour" agreement between the United States and the EU did not sufficiently guarantee ...

(MENAFN - AFP) British brewing company SABMiller has rejected an informal takeover offer from Belgian-Brazilian giant AB InBev, the world's biggest brewer, Bloomberg News said Tuesday.

SABMiller has snubbed the bid, worth £66.4 billion ($101 billion, 90 billion euros), arguing it was too low, the agency reported citing people familiar with the matter.

The initial offer ...

(MENAFN - AFP) The new chief of scandal-hit Volkswagen braced his workforce for tough times ahead Tuesday, admitting that billions laid aside for fines and damages arising from a massive pollution cheating scam will not be enough.

In a speech to 20,000 staff at the group's Wolfsburg headquarters, Matthias Mueller said all planned investments would be reviewed, while also ...

(MENAFN - AFP) Google is set to invest in secure messaging start up Symphony, primarily used by major financial entities and valued at $650 million, the Wall Street Journal said Tuesday.

Symphony uses encryption technology, allowing firms to communicate securely on a centralised platform.

Neither Google nor Symphony commented on the report.

Symphony launched globally ...

(MENAFN - AFP) EU ministers agreed on Tuesday to a mandatory system for national authorities to automatically exchange information on secret tax deals made with multinationals, a decision made in the wake of the LuxLeaks scandal.

"We have a political deal," said Pierre Gramegna, finance minister for Luxembourg, which holds the rotating presidency of the European Union.

"Europe ...

(MENAFN - AFP) Facebook and other Internet giants could be barred from sending European citizens' personal information to the US after the EU's top court on Tuesday struck down a key transatlantic data deal in the wake of the Edward Snowden scandal.

The landmark verdict stemmed from a David-and-Goliath case lodged by Max Schrems, an Austrian privacy campaigner, who challenged ...

(MENAFN - AFP) China's yuan has overtaken the Japanese yen and moved into fourth place among the world's payments currencies, global transactions organisation SWIFT said Tuesday, as Beijing pushes greater international use of its currency.

The yuan -- also known as the renminbi -- held a 2.79 percent share in world payments based on value in August, SWIFT said in a statement, ...

(MENAFN - AFP) Covestro, the polymers business of German pharmaceuticals giant Bayer, successfully raised 1.5 billion euros from the market Tuesday, after scaling down the flotation due to volatility triggered by the massive Volkswagen pollution-cheating scam.

The subsidiary had originally planned to price the shares somewhere between 26.50 and 35.50 euros, which would have ...

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