In order to boost mainstream acceptance of electric cars, four of the world’s top carmakers have agreed to invest in thousands of fast-charging sites across Europe, the companies said on Tuesday. German rivals Volkswagen, Daimler’s Mercedes, BMW an Ford Motor Co’s European division have entered a joint venture to develop 400 charging stations, spurred by…
As trading desks await the outcome of a ballot that again has the potential to disturb the political order, they are readying for another sleepless night on Dec. 4 after the shock of Britain’s Brexit referendum and Donald Trump’s U.S. presidential election victory. In what is the latest potential banana skin for investors, a judgment on…
It turns out, at nanoscale levels, water changes its properties. Since a while now, scientists have known that under certain conditions, a limited quantity of water can be coaxed into changing its freezing or boiling point. It will take more heat to convert a liquid under pressure into steam while it will take less energy…
Regardless of whether we are responsible for global warming, or not, it is a real phenomenon threatening our coastal cities. In 2015, when a humongous 225 square mile of ice broke off from Antarctica’s Pine Island Glacier, it made scientists ponder what caused such a massive crack. They now have an explanation and you better be…
Saudi Arabia has had its way at OPEC for decades now. But now Riyadh finds its power waning against a resurgent Iran and Iraq all of a sudden as the position has turned. By hinting it’s prepared to walk away from the negotiations, Saudi Arabia is trying to reassert its authority as Organization of Petroleum…
Tech giant Samsung Electronics Co Ltd will consider creating a holding company in what would be the biggest shake-up in its 47-year history as the company is under pressure from shareholders to improve investor returns, the company said on Tuesday. After a call for the South Korean firm to split itself into a holding vehicle…
Don’t expect complete autonomy. The keywords here are incremental upgrades. Tesla will soon upgrade its Model S and Model X cars with enhanced Autopilot support. So in case you were wondering when will that kick in – the mystery is over. Elon Musk has tweeted that new Model S owners will receive Enhanced Autopilot update…
Although researchers have been able to better understand why synapses in a plasma field snaps and reconnect, a few answers are still playing hard to get. A more complete understanding could result in possibly the world’s first nuclear fusion reactor. In a historic development of monumental proportions, researchers from Princeton University and from the U.S.…
As a rare, public backer of Britain’s exit from the European Union, Jim Mellon stood out among investors in 2016. Now another breakup is being forecast by the chairman of the Burnbrae Group. Mellon predicts that the euro would splinter within the next five years and the currency union will become a future casualty of…
As crude prices continue their recovery from a 12-year low, investors in the world’s biggest energy producers have some cause for hope after two tough years of falling oil prices and company valuations. Those investors will be looking to OPEC not to dash this trend. According to data compiled by Bloomberg, in six years following…
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