Category: Business

Diamonds Are Forever, Nevertheless Sales Aren’t
30. 8. 2019 No Responses

Diamonds Are Forever, Nevertheless Sales Aren’t

Diamonds sector crisis – De Beers sales crashed 44% as demand plummets.  The Financial Times states that De Beers’, the world’s largest diamond miner, has seen a collapse in sales this month, as the entire industry is on the brink of a downturn amid...
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Rumour: Alibaba, Tencent, Six Others To Receive First Chinese Government Cryptocurrency
28. 8. 2019 No Responses

Rumour: Alibaba, Tencent, Six Others To Receive First Chinese Government Cryptocurrency

China’s central bank (PBoC) will launch a state-backed cryptocurrency and issue it to eight institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher. Paul Schulte, who worked as...
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Huawei launches A.I. chip as it looks to defy US pressure, pitting it against Qualcomm and Nvidia
23. 8. 2019 No Responses

Huawei launches A.I. chip as it looks to defy US pressure, pitting it against Qualcomm and Nvidia

Huawei announced the commercial availability of an artificial intelligence (AI) chip Friday, pitting it against major American giants like Qualcomm and Nvidia, as it looks to defy continued U.S. pressure and prove it can still bring out core technology. The...
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German Press: Volkswagen Preparing Tesla Acquisition
22. 8. 2019 No Responses

German Press: Volkswagen Preparing Tesla Acquisition

Elon Musk may have finally secured some of that precious financing he once claimed to have secured (roughly one year ago), though, according to a report in German business magazine Manager, things didn’t turn out quite like he had hoped....
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Mercedes caught spying on drivers with secret tracking devices
21. 8. 2019 No Responses

Mercedes caught spying on drivers with secret tracking devices

Daimler, i.e. Mercedes-Benz has found itself at the center of an apparently illegal spying operation, following reports that it installed tracking devices on thousands of vehicles and shared customer location data with third parties. According to the Sun, Mer...
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Aramco second round: Select Lazard, Moelis for World’s Biggest IPO
20. 8. 2019 No Responses

Aramco second round: Select Lazard, Moelis for World’s Biggest IPO

Lazard just sent dealmakers from London, Paris, Houston to pitch. Saudi Aramco has picked Lazard Ltd. and Moelis & Co. to advise on the oil giant’s second attempt at the world’s largest initial public offering, people with knowledge of the matter...
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Oldest Porsche fails to sell after auction’s bizarre $70 million mistake
19. 8. 2019 No Responses

Oldest Porsche fails to sell after auction’s bizarre $70 million mistake

The sleek Type 64 was built by Ferdinand Porsche and his son, Ferry, between 1939 and 1940, years before their namesake company was registered in 1946. It was intended for a race that was planned between Berlin and Rome, but...
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Boeing Delays Ultra Long Range 777X
17. 8. 2019 No Responses

Boeing Delays Ultra Long Range 777X

This has the potential to be yet another big blow to Boeing. Boeing has revealed that they’re delaying the introduction into service of an ultra long range version of the 777X. It goes without saying that Boeing is dealing with quite a...
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Bernie Madoff whistleblower says GE is a bigger fraud than Enron and WorldCom combined
15. 8. 2019 No Responses

Bernie Madoff whistleblower says GE is a bigger fraud than Enron and WorldCom combined

Harry Markopolos is famous for blowing the whistle on infamous Khazarian scammer Bernie Madoff’s Ponzi scheme, which blew up in 2008. Now the accounting investigator has his sights set on a new target: General Electric. He accuses the troubled company...
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New FAA Chief: Boeing 737 MAX Not to Return to Skies Until Gov’t ‘Fully Sure’ Plane is Safe
13. 8. 2019 No Responses

New FAA Chief: Boeing 737 MAX Not to Return to Skies Until Gov’t ‘Fully Sure’ Plane is Safe

Federal Aviation Authority (FAA) administrator Stephen Dickson will be tasked with boosting the government body’s reputation after facing intense scrutiny from Congress, who are demanding stricter oversight into Boeing’s progress in fixing defects with...
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Loadsmart And Starsky Make First Autonomous Truck Delivery
12. 8. 2019 No Responses

Loadsmart And Starsky Make First Autonomous Truck Delivery

Loadsmart and Starsky Robotics Make First-Ever Digital Freight Delivery Via Autonomous Truck According to the two companies, the integration of Loadsmart’s AI-powered pricing and load matching technology with Starsky’s API meant no human interventi...
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Facebook plans to launch its “news section” in the fall
11. 8. 2019 No Responses

Facebook plans to launch its “news section” in the fall

The social media giant has offered mainstream outlets as much as $3 million per year for the privilege of using their headlines, article excerpts and stories, according to people familiar with the deal who spoke to the Wall Street Journal...
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Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA
8. 8. 2019 No Responses

Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA

Responding to the agency’s stern rebuke, Vas Narasimhan, the company’s executive, tried to reassure investors that Novartis did not intentionally deceive the FDA while seeking approval for its $2.1 million gene therapy. The chief executive of Novartis on W...
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Ryanair pilots vote for strike action
7. 8. 2019 No Responses

Ryanair pilots vote for strike action

UK-based Ryanair pilots have voted to strike in a row over pay and conditions. In July, the budget airline reported a sharp fall in quarterly profits to 21%, due to higher costs for fuel and staff, and reduced ticket prices. The...
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US Treasury declares China ‘currency manipulator’
6. 8. 2019 No Responses

US Treasury declares China ‘currency manipulator’

US Treasury declares China ‘currency manipulator’ after Wall Street suffers worst trading session of 2019. Washington has escalated the trade war with Beijing by accusing China of being a currency manipulator, after a Wall Street stock wipeout by 767 point...
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