A further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month was started off after the Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30. As investors and speculators flocked to domestic exchanges…
The Chinese state had a hidden role in the acquisition of Lattice Semiconductor Corp whose chips have military applications. In a clear signal from Washington to Beijing, U.S. President Donald Trump has blocked a Chinese-backed private equity firm’s acquisition bid for a U.S. chipmaker, thus telling Beijing in very lucid terms that the United States…
The battery powered Tesla Semi will have a mile range of 200 to 300 miles per single charge. Elon Musk, Tesla Inc’s CEO has disclosed it plans on unveiling its autonomous semi-trucks in late October, a month earlier than its previous estimate. “Tesla Semi truck unveil & test ride tentatively scheduled for Oct 26th…
The European Union mentioned the United Kingdom once and avoided the word Brexit in a key six-thousand-word speech. redirecting all Brexit related issues to a team that only deals with Brexit has been the strategy of the European Commission – Europe’s leading Brexit negotiator, since the U.K. voted to leave the bloc. The Commission would rather talk about…
There can be a likely erosion of some 30 percent of banking jobs in the next five years because of developments in technology, said Vikram Pandit, who ran Citigroup Inc. during the financial crisis. In a television interview on Wednesday, Pandit, 60, said that the need for humans and staff in multiple bank roles such as…
Toshiba needs to desperately divest its chip making business. Negotiations with investors led by Bain Capital appear to be chugging alone steadily. On Wednesday, in a significant development, Toshiba Corp disclosed it has signed a memorandum to accelerate negotiations for selling its memory chip business to a group of investors led by private equity firm,…
The iPhone X and the Apple Watch Series 3 could go a long way in bumping up Apple’s market capitalization to levels above $1 trillion – analysts. With Apple Inc unveiling its much-anticipated 10th anniversary device, the iPhone X is a marvel of glass and stainless steel and sports an edge-to-edge display that has been…
Primarily because investors are so worried that one might be coming, there’s little chance of a stock market slide anytime soon essentially, according to a Goldman Sachs analysis. Forming its base on, at least in some part, because it’s been so long since one has occurred, correction calls have abounded lately. It has been 19…
With the aim of developing a blockchain-based application to improve the regulatory reporting of mortgage transactions, a partnership has been formed between New York-based software company R3 CEV and Britain’s financial watchdog and two large banks. Together with the Financial Conduct Authority, the Royal Bank of Scotland Group Plc and another global bank which did…
Noting the equivalent of doubling the population of China and India, the world’s population is anticipated to grow by 2.5 billion in just over the next thirty years. There would be considerable strain on world business that would be put on it in addition to an unprecedented demand for goods and services created by the…
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